Calcwise

Mortgage Calculator

Estimate your full monthly housing payment — principal, interest, property tax, insurance, PMI and HOA.

Monthly payment
$2,422.62
Principal & interest
$2,022.62
Property tax / mo
$300.00
Insurance / mo
$100.00
Loan amount
$320,000
Total interest (life of loan)
$408,142

Loan balance over time

Amortization schedule

MonthPrincipalInterestBalance
1$289.28$1,733.33$319,710.72
2$290.85$1,731.77$319,419.86
3$292.43$1,730.19$319,127.44
4$294.01$1,728.61$318,833.43
5$295.60$1,727.01$318,537.82
6$297.20$1,725.41$318,240.62
7$298.81$1,723.80$317,941.80
8$300.43$1,722.18$317,641.37
9$302.06$1,720.56$317,339.31
10$303.70$1,718.92$317,035.62
11$305.34$1,717.28$316,730.27
12$307.00$1,715.62$316,423.28
13$308.66$1,713.96$316,114.62
14$310.33$1,712.29$315,804.29
15$312.01$1,710.61$315,492.28
16$313.70$1,708.92$315,178.58
17$315.40$1,707.22$314,863.18
18$317.11$1,705.51$314,546.07
19$318.83$1,703.79$314,227.24
20$320.55$1,702.06$313,906.69
21$322.29$1,700.33$313,584.40
22$324.04$1,698.58$313,260.36
23$325.79$1,696.83$312,934.57
24$327.56$1,695.06$312,607.02
25$329.33$1,693.29$312,277.69
26$331.11$1,691.50$311,946.57
27$332.91$1,689.71$311,613.67
28$334.71$1,687.91$311,278.96
29$336.52$1,686.09$310,942.43
30$338.35$1,684.27$310,604.09
31$340.18$1,682.44$310,263.91
32$342.02$1,680.60$309,921.89
33$343.87$1,678.74$309,578.01
34$345.74$1,676.88$309,232.28
35$347.61$1,675.01$308,884.67
36$349.49$1,673.13$308,535.17
37$351.39$1,671.23$308,183.79
38$353.29$1,669.33$307,830.50
39$355.20$1,667.42$307,475.30
40$357.13$1,665.49$307,118.17
41$359.06$1,663.56$306,759.11
42$361.01$1,661.61$306,398.10
43$362.96$1,659.66$306,035.14
44$364.93$1,657.69$305,670.22
45$366.90$1,655.71$305,303.31
46$368.89$1,653.73$304,934.42
47$370.89$1,651.73$304,563.53
48$372.90$1,649.72$304,190.63
49$374.92$1,647.70$303,815.71
50$376.95$1,645.67$303,438.76
51$378.99$1,643.63$303,059.77
52$381.04$1,641.57$302,678.73
53$383.11$1,639.51$302,295.62
54$385.18$1,637.43$301,910.44
55$387.27$1,635.35$301,523.17
56$389.37$1,633.25$301,133.80
57$391.48$1,631.14$300,742.33
58$393.60$1,629.02$300,348.73
59$395.73$1,626.89$299,953.00
60$397.87$1,624.75$299,555.13
61$400.03$1,622.59$299,155.10
62$402.19$1,620.42$298,752.91
63$404.37$1,618.24$298,348.53
64$406.56$1,616.05$297,941.97
65$408.77$1,613.85$297,533.20
66$410.98$1,611.64$297,122.23
67$413.21$1,609.41$296,709.02
68$415.44$1,607.17$296,293.58
69$417.69$1,604.92$295,875.88
70$419.96$1,602.66$295,455.93
71$422.23$1,600.39$295,033.69
72$424.52$1,598.10$294,609.18
73$426.82$1,595.80$294,182.36
74$429.13$1,593.49$293,753.23
75$431.45$1,591.16$293,321.77
76$433.79$1,588.83$292,887.98
77$436.14$1,586.48$292,451.84
78$438.50$1,584.11$292,013.34
79$440.88$1,581.74$291,572.46
80$443.27$1,579.35$291,129.19
81$445.67$1,576.95$290,683.52
82$448.08$1,574.54$290,235.44
83$450.51$1,572.11$289,784.93
84$452.95$1,569.67$289,331.98
85$455.40$1,567.21$288,876.58
86$457.87$1,564.75$288,418.71
87$460.35$1,562.27$287,958.36
88$462.84$1,559.77$287,495.52
89$465.35$1,557.27$287,030.17
90$467.87$1,554.75$286,562.30
91$470.41$1,552.21$286,091.89
92$472.95$1,549.66$285,618.94
93$475.52$1,547.10$285,143.42
94$478.09$1,544.53$284,665.33
95$480.68$1,541.94$284,184.65
96$483.28$1,539.33$283,701.37
97$485.90$1,536.72$283,215.47
98$488.53$1,534.08$282,726.93
99$491.18$1,531.44$282,235.75
100$493.84$1,528.78$281,741.91
101$496.52$1,526.10$281,245.40
102$499.21$1,523.41$280,746.19
103$501.91$1,520.71$280,244.28
104$504.63$1,517.99$279,739.65
105$507.36$1,515.26$279,232.29
106$510.11$1,512.51$278,722.18
107$512.87$1,509.75$278,209.31
108$515.65$1,506.97$277,693.66
109$518.44$1,504.17$277,175.22
110$521.25$1,501.37$276,653.96
111$524.08$1,498.54$276,129.89
112$526.91$1,495.70$275,602.97
113$529.77$1,492.85$275,073.21
114$532.64$1,489.98$274,540.57
115$535.52$1,487.09$274,005.05
116$538.42$1,484.19$273,466.62
117$541.34$1,481.28$272,925.28
118$544.27$1,478.35$272,381.01
119$547.22$1,475.40$271,833.79
120$550.18$1,472.43$271,283.60
121$553.16$1,469.45$270,730.44
122$556.16$1,466.46$270,174.28
123$559.17$1,463.44$269,615.10
124$562.20$1,460.42$269,052.90
125$565.25$1,457.37$268,487.65
126$568.31$1,454.31$267,919.34
127$571.39$1,451.23$267,347.96
128$574.48$1,448.13$266,773.47
129$577.59$1,445.02$266,195.88
130$580.72$1,441.89$265,615.16
131$583.87$1,438.75$265,031.29
132$587.03$1,435.59$264,444.26
133$590.21$1,432.41$263,854.04
134$593.41$1,429.21$263,260.64
135$596.62$1,426.00$262,664.01
136$599.85$1,422.76$262,064.16
137$603.10$1,419.51$261,461.06
138$606.37$1,416.25$260,854.69
139$609.65$1,412.96$260,245.03
140$612.96$1,409.66$259,632.07
141$616.28$1,406.34$259,015.80
142$619.62$1,403.00$258,396.18
143$622.97$1,399.65$257,773.21
144$626.35$1,396.27$257,146.86
145$629.74$1,392.88$256,517.12
146$633.15$1,389.47$255,883.97
147$636.58$1,386.04$255,247.39
148$640.03$1,382.59$254,607.37
149$643.49$1,379.12$253,963.87
150$646.98$1,375.64$253,316.89
151$650.48$1,372.13$252,666.41
152$654.01$1,368.61$252,012.40
153$657.55$1,365.07$251,354.85
154$661.11$1,361.51$250,693.74
155$664.69$1,357.92$250,029.04
156$668.29$1,354.32$249,360.75
157$671.91$1,350.70$248,688.84
158$675.55$1,347.06$248,013.28
159$679.21$1,343.41$247,334.07
160$682.89$1,339.73$246,651.18
161$686.59$1,336.03$245,964.59
162$690.31$1,332.31$245,274.28
163$694.05$1,328.57$244,580.23
164$697.81$1,324.81$243,882.42
165$701.59$1,321.03$243,180.84
166$705.39$1,317.23$242,475.45
167$709.21$1,313.41$241,766.24
168$713.05$1,309.57$241,053.19
169$716.91$1,305.70$240,336.27
170$720.80$1,301.82$239,615.48
171$724.70$1,297.92$238,890.78
172$728.63$1,293.99$238,162.15
173$732.57$1,290.04$237,429.58
174$736.54$1,286.08$236,693.04
175$740.53$1,282.09$235,952.51
176$744.54$1,278.08$235,207.97
177$748.57$1,274.04$234,459.39
178$752.63$1,269.99$233,706.76
179$756.71$1,265.91$232,950.06
180$760.80$1,261.81$232,189.25
181$764.93$1,257.69$231,424.33
182$769.07$1,253.55$230,655.26
183$773.24$1,249.38$229,882.02
184$777.42$1,245.19$229,104.60
185$781.63$1,240.98$228,322.96
186$785.87$1,236.75$227,537.10
187$790.13$1,232.49$226,746.97
188$794.40$1,228.21$225,952.57
189$798.71$1,223.91$225,153.86
190$803.03$1,219.58$224,350.82
191$807.38$1,215.23$223,543.44
192$811.76$1,210.86$222,731.68
193$816.15$1,206.46$221,915.53
194$820.58$1,202.04$221,094.95
195$825.02$1,197.60$220,269.93
196$829.49$1,193.13$219,440.44
197$833.98$1,188.64$218,606.46
198$838.50$1,184.12$217,767.96
199$843.04$1,179.58$216,924.92
200$847.61$1,175.01$216,077.31
201$852.20$1,170.42$215,225.11
202$856.81$1,165.80$214,368.30
203$861.46$1,161.16$213,506.84
204$866.12$1,156.50$212,640.72
205$870.81$1,151.80$211,769.91
206$875.53$1,147.09$210,894.38
207$880.27$1,142.34$210,014.10
208$885.04$1,137.58$209,129.06
209$889.84$1,132.78$208,239.23
210$894.66$1,127.96$207,344.57
211$899.50$1,123.12$206,445.07
212$904.37$1,118.24$205,540.70
213$909.27$1,113.35$204,631.42
214$914.20$1,108.42$203,717.23
215$919.15$1,103.47$202,798.08
216$924.13$1,098.49$201,873.95
217$929.13$1,093.48$200,944.82
218$934.17$1,088.45$200,010.65
219$939.23$1,083.39$199,071.42
220$944.31$1,078.30$198,127.11
221$949.43$1,073.19$197,177.68
222$954.57$1,068.05$196,223.11
223$959.74$1,062.88$195,263.37
224$964.94$1,057.68$194,298.42
225$970.17$1,052.45$193,328.26
226$975.42$1,047.19$192,352.83
227$980.71$1,041.91$191,372.13
228$986.02$1,036.60$190,386.11
229$991.36$1,031.26$189,394.75
230$996.73$1,025.89$188,398.02
231$1,002.13$1,020.49$187,395.89
232$1,007.56$1,015.06$186,388.33
233$1,013.01$1,009.60$185,375.32
234$1,018.50$1,004.12$184,356.82
235$1,024.02$998.60$183,332.80
236$1,029.57$993.05$182,303.24
237$1,035.14$987.48$181,268.09
238$1,040.75$981.87$180,227.34
239$1,046.39$976.23$179,180.96
240$1,052.05$970.56$178,128.90
241$1,057.75$964.86$177,071.15
242$1,063.48$959.14$176,007.67
243$1,069.24$953.37$174,938.43
244$1,075.03$947.58$173,863.39
245$1,080.86$941.76$172,782.53
246$1,086.71$935.91$171,695.82
247$1,092.60$930.02$170,603.22
248$1,098.52$924.10$169,504.71
249$1,104.47$918.15$168,400.24
250$1,110.45$912.17$167,289.79
251$1,116.46$906.15$166,173.32
252$1,122.51$900.11$165,050.81
253$1,128.59$894.03$163,922.22
254$1,134.71$887.91$162,787.51
255$1,140.85$881.77$161,646.66
256$1,147.03$875.59$160,499.63
257$1,153.24$869.37$159,346.39
258$1,159.49$863.13$158,186.89
259$1,165.77$856.85$157,021.12
260$1,172.09$850.53$155,849.04
261$1,178.44$844.18$154,670.60
262$1,184.82$837.80$153,485.78
263$1,191.24$831.38$152,294.55
264$1,197.69$824.93$151,096.86
265$1,204.18$818.44$149,892.68
266$1,210.70$811.92$148,681.98
267$1,217.26$805.36$147,464.72
268$1,223.85$798.77$146,240.87
269$1,230.48$792.14$145,010.39
270$1,237.14$785.47$143,773.25
271$1,243.85$778.77$142,529.40
272$1,250.58$772.03$141,278.82
273$1,257.36$765.26$140,021.46
274$1,264.17$758.45$138,757.30
275$1,271.02$751.60$137,486.28
276$1,277.90$744.72$136,208.38
277$1,284.82$737.80$134,923.56
278$1,291.78$730.84$133,631.78
279$1,298.78$723.84$132,333.00
280$1,305.81$716.80$131,027.18
281$1,312.89$709.73$129,714.30
282$1,320.00$702.62$128,394.30
283$1,327.15$695.47$127,067.15
284$1,334.34$688.28$125,732.81
285$1,341.56$681.05$124,391.25
286$1,348.83$673.79$123,042.41
287$1,356.14$666.48$121,686.28
288$1,363.48$659.13$120,322.79
289$1,370.87$651.75$118,951.92
290$1,378.29$644.32$117,573.63
291$1,385.76$636.86$116,187.87
292$1,393.27$629.35$114,794.60
293$1,400.81$621.80$113,393.79
294$1,408.40$614.22$111,985.39
295$1,416.03$606.59$110,569.36
296$1,423.70$598.92$109,145.66
297$1,431.41$591.21$107,714.24
298$1,439.17$583.45$106,275.08
299$1,446.96$575.66$104,828.12
300$1,454.80$567.82$103,373.32
301$1,462.68$559.94$101,910.64
302$1,470.60$552.02$100,440.04
303$1,478.57$544.05$98,961.47
304$1,486.58$536.04$97,474.89
305$1,494.63$527.99$95,980.27
306$1,502.72$519.89$94,477.54
307$1,510.86$511.75$92,966.68
308$1,519.05$503.57$91,447.63
309$1,527.28$495.34$89,920.35
310$1,535.55$487.07$88,384.80
311$1,543.87$478.75$86,840.94
312$1,552.23$470.39$85,288.71
313$1,560.64$461.98$83,728.07
314$1,569.09$453.53$82,158.98
315$1,577.59$445.03$80,581.39
316$1,586.14$436.48$78,995.25
317$1,594.73$427.89$77,400.53
318$1,603.36$419.25$75,797.16
319$1,612.05$410.57$74,185.11
320$1,620.78$401.84$72,564.33
321$1,629.56$393.06$70,934.77
322$1,638.39$384.23$69,296.38
323$1,647.26$375.36$67,649.12
324$1,656.18$366.43$65,992.94
325$1,665.16$357.46$64,327.78
326$1,674.18$348.44$62,653.60
327$1,683.24$339.37$60,970.36
328$1,692.36$330.26$59,278.00
329$1,701.53$321.09$57,576.47
330$1,710.75$311.87$55,865.73
331$1,720.01$302.61$54,145.71
332$1,729.33$293.29$52,416.38
333$1,738.70$283.92$50,677.69
334$1,748.11$274.50$48,929.58
335$1,757.58$265.04$47,171.99
336$1,767.10$255.51$45,404.89
337$1,776.67$245.94$43,628.22
338$1,786.30$236.32$41,841.92
339$1,795.97$226.64$40,045.94
340$1,805.70$216.92$38,240.24
341$1,815.48$207.13$36,424.76
342$1,825.32$197.30$34,599.44
343$1,835.20$187.41$32,764.24
344$1,845.14$177.47$30,919.09
345$1,855.14$167.48$29,063.95
346$1,865.19$157.43$27,198.77
347$1,875.29$147.33$25,323.47
348$1,885.45$137.17$23,438.03
349$1,895.66$126.96$21,542.36
350$1,905.93$116.69$19,636.43
351$1,916.25$106.36$17,720.18
352$1,926.63$95.98$15,793.55
353$1,937.07$85.55$13,856.48
354$1,947.56$75.06$11,908.92
355$1,958.11$64.51$9,950.81
356$1,968.72$53.90$7,982.09
357$1,979.38$43.24$6,002.71
358$1,990.10$32.51$4,012.60
359$2,000.88$21.73$2,011.72
360$2,011.72$10.90$0.00

Results are estimates for informational purposes only. Not financial advice.

How to use this calculator

  1. 1Enter the home price you're considering and the down payment you can put toward it.
  2. 2Set the interest rate from your lender's quote and choose a 15- or 30-year term.
  3. 3Add your annual property tax, insurance, monthly HOA, and PMI rate (PMI auto-applies when your down payment is under 20%).
  4. 4Review your monthly payment and adjust inputs to see what fits your budget.

What is a mortgage calculator?

A mortgage calculator is a planning tool that estimates your monthly home loan payment based on the loan amount, interest rate, and repayment term. It applies the standard amortization formula used by banks and mortgage lenders worldwide, then breaks the result into the portion going to interest versus the portion paying down your principal each month. Beyond the headline payment, a good calculator shows the total interest you'll pay over the life of the loan and the full amortization schedule. This helps you compare different loan offers, decide between a 15- and 30-year term, or see how a larger down payment changes the math before you commit.

How to use this calculator

Enter the home price (or the loan amount if you've already subtracted your down payment), the annual interest rate quoted by your lender, and the loan term in years. The calculator instantly returns your monthly principal-and-interest payment along with totals for the full loan. Adjust any input to see the impact in real time: try a 0.5% lower rate, a 10-year shorter term, or a $20,000 larger down payment to see how each changes your monthly cost and total interest. Use the share or PDF buttons to save scenarios you want to compare with a partner or your loan officer.

Understanding your results

The monthly payment shown covers principal and interest only — your actual housing cost will also include property taxes, homeowners insurance, and possibly HOA fees or PMI. Most lenders bundle these into one escrow payment (often called PITI) that's higher than the calculator's number. The total interest figure is eye-opening: on a 30-year $300,000 loan at 7%, you'll pay roughly $418,000 in interest alone — more than the home itself. The amortization schedule shows that early payments are mostly interest; principal pays down faster in the later years. This is why extra payments early in the loan save the most money.

FAQ

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Results are estimates for informational purposes only.