Mortgage Calculator
Estimate your monthly mortgage payment and see how home price, down payment, rate, and term affect your costs.
15 / 30 yr
Loan Terms
20%
Typical Down Payment
P&I, Tax, Ins
Includes
Mortgage Calculator
Currently showing: 30-Year Fixed
$
$
20.0% of home price
%
$
$
$
Your Total Monthly Payment
$1,949
per month, including taxes & insurance
Principal & Interest$1,557
Property Tax$268
Home Insurance$125
Total Payment (P&I)
$560,389
Total Interest
$320,389
Amortization Schedule
Each payment is split between principal — which reduces what you owe — and interest, the cost of borrowing. The line shows how your remaining balance shrinks over time.
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| Year 1 | $2,558 | $16,122 | $237,442 |
| Year 2 | $2,736 | $15,944 | $234,706 |
| Year 3 | $2,926 | $15,753 | $231,780 |
| Year 4 | $3,130 | $15,549 | $228,650 |
| Year 5 | $3,348 | $15,332 | $225,302 |
| Year 6 | $3,581 | $15,098 | $221,720 |
| Year 7 | $3,831 | $14,849 | $217,890 |
| Year 8 | $4,097 | $14,582 | $213,793 |
| Year 9 | $4,383 | $14,297 | $209,410 |
| Year 10 | $4,688 | $13,992 | $204,722 |