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Mortgage Calculator

Calculate monthly mortgage payments with interactive charts and detailed payment breakdowns. Compare different loan scenarios and see how much you'll pay over time.

Loan Details
$
$
20% of home price
0% 50%
$320,000
%
Additional Monthly Costs
$ /month
$ /month
$ /month
Usually required if down payment < 20%
$ /month
Payment Summary
$2,108
Principal & Interest
$2,958
Total Monthly Payment
Monthly Payment Breakdown
$438,880
Total Interest
$758,880
Total Cost
57.8%
Interest vs Principal
Jan 2055
Payoff Date
Principal vs Interest Over Time
Loan Term Comparison
Loan Term Monthly Payment Total Interest Total Cost Interest Savings
Amortization Schedule
Year Beginning Balance Monthly Payment Principal Interest Ending Balance
Extra Payment Impact
Extra Payment Options
$ /month
$ /year
$
Impact Analysis
0 years
Time Saved
$0
Interest Saved
-
New Payoff Date
$0
Total Extra Payments
Affordability Calculator
Your Income & Expenses
$
$
Car loans, credit cards, student loans, etc.

About Mortgage Calculator

Our comprehensive mortgage calculator helps you understand the true cost of homeownership. Calculate monthly payments, compare loan terms, and see how extra payments can save you money.

Key Features

  • Interactive Charts: Visual payment breakdowns and principal vs interest over time
  • Complete Cost Analysis: Includes taxes, insurance, PMI, and HOA fees
  • Loan Comparison: Compare different loan terms side by side
  • Amortization Schedule: Detailed payment schedule with yearly and monthly views
  • Extra Payment Impact: See how extra payments reduce interest and time
  • Affordability Calculator: Determine what you can afford based on income

How to Use

  1. Enter Loan Details: Home price, down payment, interest rate, and loan term
  2. Add Monthly Costs: Property tax, insurance, PMI, and HOA fees
  3. Review Results: See monthly payments and total costs with interactive charts
  4. Compare Options: View different loan terms and their impact
  5. Analyze Extra Payments: See how additional payments save money
  6. Check Affordability: Ensure the loan fits your budget

Understanding Your Results

  • Principal & Interest: The base mortgage payment
  • Total Monthly Payment: Includes all housing costs
  • Total Interest: Amount paid in interest over the loan life
  • PMI: Required if down payment is less than 20%

Mortgage Tips

  • 💡 20% Down Payment - Avoids PMI costs
  • 📊 Compare Rates - Shop with multiple lenders
  • 💰 Extra Payments - Save thousands in interest
  • 📅 Shorter Terms - Higher payments, less interest
  • 🏠 Total Housing Cost - Should be ≤28% of income
  • 📋 Get Pre-approved - Know your budget first

Loan Types

  • • Conventional: Standard loans
  • • FHA: Low down payment options
  • • VA: Veterans benefits
  • • USDA: Rural area loans
  • • Jumbo: High-value properties

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