Mortgage Payment Calculator
Estimate the full monthly cost of a home — principal, interest, property tax, insurance, HOA dues and PMI — and see how extra payments shorten the loan.
Your loan
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yrs
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Applied only while your loan-to-value is above 80%.
$
Estimated monthly payment
$2,838
Principal & interest$2,275
Property tax$413
Home insurance$150
HOA$0
PMI$0
Loan amount$360,000
Loan-to-value80%
Total interest paid$459,160
Payoff time30 yrs 0 mo
How this works
Principal and interest use the standard fixed-rate amortization formula. Property tax is estimated from your home price and local rate, and private mortgage insurance is charged while the loan balance is above 80% of the home value.
Extra monthly payments go straight to principal, which is why they cut both the payoff time and the total interest. Figures are estimates — your lender's escrow and fees will differ slightly.