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Mortgage Payment Calculator
Estimate principal, interest, taxes, insurance, HOA, and mortgage insurance in one place.
Open calculator MODEL YOUR INVESTMENTDSCR & Rental Property Calculator
Compare monthly rent with estimated PITIA and see a simplified debt service coverage ratio.
Open calculator UNDERSTAND YOUR EQUITYHome Equity & HELOC Calculator
Estimate potential accessible equity and example interest-only and repayment payments.
Open calculator COMPARE THE FULL TRADEOFFRefinance Break-Even Calculator
Estimate a new principal-and-interest payment and the simple payment-based recovery time for upfront refinance costs.
Open calculatorQuick estimate
Mortgage payment
Explore principal, interest, and recurring housing costs.
$2,875/month
Estimated monthly housing cost
Illustration only, rounded to the nearest dollar. This is not a rate quote, preapproval, credit decision, or commitment to lend. Actual rates, fees, terms, taxes, insurance, and qualification vary. This models a fixed-rate, level-payment loan and assumes extra payments go toward principal without a prepayment penalty. Taxes, insurance, HOA, and mortgage insurance may change.
View annual amortization schedule
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $4,024 | $23,282 | $355,976 |
| 2 | $4,293 | $23,012 | $351,683 |
| 3 | $4,581 | $22,725 | $347,102 |
| 4 | $4,888 | $22,418 | $342,214 |
| 5 | $5,215 | $22,090 | $337,000 |
| 6 | $5,564 | $21,741 | $331,435 |
| 7 | $5,937 | $21,368 | $325,498 |
| 8 | $6,334 | $20,971 | $319,164 |
| 9 | $6,759 | $20,547 | $312,405 |
| 10 | $7,211 | $20,094 | $305,194 |
| 11 | $7,694 | $19,611 | $297,500 |
| 12 | $8,210 | $19,096 | $289,290 |
| 13 | $8,759 | $18,546 | $280,531 |
| 14 | $9,346 | $17,959 | $271,185 |
| 15 | $9,972 | $17,333 | $261,213 |
| 16 | $10,640 | $16,666 | $250,573 |
| 17 | $11,352 | $15,953 | $239,221 |
| 18 | $12,113 | $15,193 | $227,108 |
| 19 | $12,924 | $14,382 | $214,184 |
| 20 | $13,789 | $13,516 | $200,395 |
| 21 | $14,713 | $12,592 | $185,682 |
| 22 | $15,698 | $11,607 | $169,984 |
| 23 | $16,750 | $10,556 | $153,234 |
| 24 | $17,871 | $9,434 | $135,363 |
| 25 | $19,068 | $8,237 | $116,295 |
| 26 | $20,345 | $6,960 | $95,950 |
| 27 | $21,708 | $5,598 | $74,242 |
| 28 | $23,162 | $4,144 | $51,081 |
| 29 | $24,713 | $2,593 | $26,368 |
| 30 | $26,368 | $938 | $0 |
Schedule includes the extra monthly principal amount above. Taxes, insurance, HOA, PMI, and fees are excluded.
How to use these estimates
Mortgage payment: Includes principal, interest, and the monthly taxes, insurance, HOA, and mortgage insurance you enter. HOA dues may be paid separately from the mortgage bill.
Investment / DSCR: Compares 100% of entered monthly rent with estimated PITIA: principal, interest, taxes, insurance, and HOA dues. It excludes vacancy and operating expenses; lender calculations may differ.
Home equity: Estimates available equity from your selected combined loan-to-value limit. Actual access depends on appraisal, credit, income, and program terms.
Refinance: Compares principal-and-interest payments and upfront closing costs to estimate a simple payment-based recovery period. It does not compare total interest or overall loan costs.
The best number is the one built around your actual scenario.
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