Calculate monthly mortgage payments, total interest, and amortization schedule. Compare different loan terms and find out how much home you can afford.
| Year | Monthly Payment | Principal Paid | Interest Paid | Total Interest | Remaining Balance |
|---|---|---|---|---|---|
| Enter mortgage details to see amortization schedule | |||||
A higher credit score can significantly reduce your interest rate and save you thousands over the life of your loan.
A 20% down payment eliminates PMI and reduces your monthly payments and total interest.
15-year loans have lower interest rates and build equity faster, saving substantial interest.
Get quotes from multiple lenders including banks, credit unions, and online lenders for the best rate.
Remember to include property taxes, insurance, maintenance, and HOA fees in your budget.
Pre-approval strengthens your offer and gives you negotiating power in competitive markets.
Calculate principal, interest, taxes, insurance, PMI, and HOA fees for accurate monthly payments.
View year-by-year breakdown of how your payments are applied to principal vs interest.
Determine how much home you can afford based on your income and debt-to-income ratio.
Compare different loan terms, rates, and types to find the best mortgage option.
Include PMI, HOA fees, closing costs, extra payments, and tax deductions in calculations.
All calculations are done locally in your browser. Your financial data never leaves your computer.