Mortgage Payment Calculator
Estimate principal, interest, taxes, insurance, HOA, and mortgage insurance in one place.
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.
Understand the estimate.
A useful housing-cost estimate accounts for more than the loan payment. Adjust purchase price, down payment, interest rate, term, and recurring costs to see how your monthly budget changes. HOA dues may be paid separately from your mortgage bill.
- Enter the expected home price and down payment percentage.
- Use an illustrative interest rate and term. A lender quote will depend on your full application.
- Add estimated property tax, homeowners insurance, HOA dues, and mortgage insurance if applicable.
- Compare the estimated monthly housing cost with a budget that leaves room for the rest of your life.
Answers before you decide.
Does this include closing costs?
No. The monthly estimate includes the recurring costs you enter, but not one-time closing costs or prepaid items.
Why does my lender's payment differ?
Actual rates, taxes, insurance, mortgage insurance, loan terms, and fees may differ from your assumptions.
Explore what the numbers could support.
Conventional Loans
A versatile mortgage for primary homes, second homes, and eligible investment properties.
Explore programFHA Loans
Low down payment options and flexible qualifying guidelines for eligible primary-home buyers.
Explore programVA Loans
Explore eligible zero-down home financing with no monthly private mortgage insurance.
Explore programTurn the estimate into a real financing plan.
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