Enter the home
Type the home price and the down payment as a percent or an amount.
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Free Mortgage CalculatorYour monthly payment, with tax and insurance.
Enter the home price, down payment, rate and term to see the monthly payment with property tax and insurance.
See the total interest, try extra payments and download the full amortization schedule.
Tax & insuranceExtra paymentsAmortization schedule
No sign-up Unlimited use Remembers your numbers
Extra payments (optional)
Monthly payment
Principal and interest $2,022.62 + property tax $366.67 + insurance $125.00
- Loan amount
- $320,000.00
- Total interest
- $408,140.64
- Total of payments
- $728,140.64 Principal and interest; tax and insurance not included
- Number of payments
- 360 30 years
- Principal$320,000.0035%
- Interest$408,140.6445%
- Tax and insurance$177,000.0020%
Amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,576.76 | $20,694.68 | $316,423.24 |
| 2 | $3,816.28 | $20,455.16 | $312,606.96 |
| 3 | $4,071.88 | $20,199.56 | $308,535.08 |
| 4 | $4,344.57 | $19,926.87 | $304,190.51 |
| 5 | $4,635.54 | $19,635.90 | $299,554.97 |
| 6 | $4,946.00 | $19,325.44 | $294,608.97 |
| 7 | $5,277.22 | $18,994.22 | $289,331.75 |
| 8 | $5,630.65 | $18,640.79 | $283,701.10 |
| 9 | $6,007.75 | $18,263.69 | $277,693.35 |
| 10 | $6,410.11 | $17,861.33 | $271,283.24 |
| 11 | $6,839.41 | $17,432.03 | $264,443.83 |
| 12 | $7,297.46 | $16,973.98 | $257,146.37 |
| 13 | $7,786.17 | $16,485.27 | $249,360.20 |
| 14 | $8,307.62 | $15,963.82 | $241,052.58 |
| 15 | $8,864.02 | $15,407.42 | $232,188.56 |
| 16 | $9,457.63 | $14,813.81 | $222,730.93 |
| 17 | $10,091.05 | $14,180.39 | $212,639.88 |
| 18 | $10,766.86 | $13,504.58 | $201,873.02 |
| 19 | $11,487.93 | $12,783.51 | $190,385.09 |
| 20 | $12,257.30 | $12,014.14 | $178,127.79 |
| 21 | $13,078.20 | $11,193.24 | $165,049.59 |
| 22 | $13,954.06 | $10,317.38 | $151,095.53 |
| 23 | $14,888.61 | $9,382.83 | $136,206.92 |
| 24 | $15,885.71 | $8,385.73 | $120,321.21 |
| 25 | $16,949.60 | $7,321.84 | $103,371.61 |
| 26 | $18,084.76 | $6,186.68 | $85,286.85 |
| 27 | $19,295.92 | $4,975.52 | $65,990.93 |
| 28 | $20,588.22 | $3,683.22 | $45,402.71 |
| 29 | $21,967.04 | $2,304.40 | $23,435.67 |
| 30 | $23,435.67 | $833.21 | $0.00 |
| Total | $320,000.00 | $408,140.64 | $0.00 |
Interest is worked out on the balance at each payment and rounded to the cent, so the last payment can differ by a few cents. Your lender's figures may differ slightly if it counts interest by the day.
Calculated on your device. What you type is not sent anywhere.
THREE SIMPLE STEPS
How to use the Mortgage Calculator
Add the loan
Enter the interest rate, the term and your property tax and insurance.
See the payment
Read the monthly payment, the interest over the loan and the schedule. Download it as CSV.
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Mortgage Calculator FAQ
What does the monthly mortgage payment include?
Principal and interest, plus one twelfth of the yearly property tax and home insurance. Mortgage insurance (PMI) and HOA fees are not included; add them to the insurance amount if you pay them monthly.
How much down payment do I need?
Enter any amount or percent. A larger down payment means a smaller loan, a lower payment and less interest. Many lenders ask for mortgage insurance below 20% down.
How do extra payments change a mortgage?
Every extra amount goes straight to the principal, so less interest builds up and the loan ends sooner. The calculator shows the interest saved and how much sooner you finish.
Can I see the amortization schedule?
Yes. See it by year or by payment, with dates, principal, interest and balance, and download it as a CSV file for a spreadsheet.
Is it free?
Yes. No sign-up, and it calculates in your browser.
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