Debt
Mortgage Calculator
Estimate a mortgage payment, total interest cost, and the full monthly housing picture before you commit to a home price.
Test home prices, down payments, loan terms, and rate assumptions before you decide what payment actually fits your budget.
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Advanced housing costs
Scenario presets
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Example
A lower rate can save tens of thousands of dollars over a 30-year mortgage even when the monthly change looks small.
Results
Loan amount
$360,000
Principal and interest
$2,251.82
Total interest
$450,656
Projection
Trend view
Milestones
Decision cues
Breakdown
Cost mix
Amortization scheduleYearly view
| Period | Avg payment | Principal paid | Interest paid | Ending balance |
|---|---|---|---|---|
| Year 1 | $2,252 | $4,101 | $22,921 | $355,899 |
| Year 2 | $2,252 | $4,371 | $22,651 | $351,528 |
| Year 3 | $2,252 | $4,659 | $22,363 | $346,869 |
| Year 4 | $2,252 | $4,966 | $22,056 | $341,903 |
| Year 5 | $2,252 | $5,294 | $21,728 | $336,609 |
| Year 6 | $2,252 | $5,642 | $21,379 | $330,967 |
| Year 7 | $2,252 | $6,014 | $21,007 | $324,952 |
| Year 8 | $2,252 | $6,411 | $20,611 | $318,542 |
| Year 9 | $2,252 | $6,833 | $20,189 | $311,708 |
| Year 10 | $2,252 | $7,284 | $19,738 | $304,425 |
| Year 11 | $2,252 | $7,764 | $19,258 | $296,661 |
| Year 12 | $2,252 | $8,276 | $18,746 | $288,385 |
| Year 13 | $2,252 | $8,821 | $18,201 | $279,564 |
| Year 14 | $2,252 | $9,402 | $17,619 | $270,162 |
| Year 15 | $2,252 | $10,022 | $17,000 | $260,140 |
| Year 16 | $2,252 | $10,683 | $16,339 | $249,457 |
| Year 17 | $2,252 | $11,387 | $15,635 | $238,070 |
| Year 18 | $2,252 | $12,137 | $14,885 | $225,933 |
| Year 19 | $2,252 | $12,937 | $14,085 | $212,996 |
| Year 20 | $2,252 | $13,790 | $13,232 | $199,206 |
| Year 21 | $2,252 | $14,699 | $12,323 | $184,507 |
| Year 22 | $2,252 | $15,668 | $11,354 | $168,839 |
| Year 23 | $2,252 | $16,700 | $10,321 | $152,139 |
| Year 24 | $2,252 | $17,801 | $9,221 | $134,338 |
| Year 25 | $2,252 | $18,974 | $8,047 | $115,364 |
| Year 26 | $2,252 | $20,225 | $6,797 | $95,139 |
| Year 27 | $2,252 | $21,558 | $5,464 | $73,581 |
| Year 28 | $2,252 | $22,979 | $4,043 | $50,602 |
| Year 29 | $2,252 | $24,494 | $2,528 | $26,108 |
| Year 30 | $2,252 | $26,108 | $914 | $0 |
Paydown progress
100.0% of the original balance is gone by the last point shown on the payoff path.
Cost pressure
The payment works best if it still leaves enough room for savings and irregular expenses after the loan clears each month.
This estimate excludes taxes, insurance, and maintenance.
How it works
What the result is showing you
These sections explain what the calculator measures, which assumptions matter most, and where the number can be misleading.
What counts in a mortgage payment
The headline mortgage payment usually refers to principal and interest, but the real monthly housing number can be much higher once property taxes, homeowners insurance, and HOA dues are included.
Why term length changes affordability
A longer term can make the payment easier to carry each month, but it usually means paying much more interest over time. A shorter term costs more now and less later.
Check this against your budget
Mortgage math is only one part of the decision. You still need to test the payment against savings goals, repair costs, moving expenses, and the amount of buffer left in your monthly plan.
Common questions
- mortgage calculator monthly payment
- how much mortgage can i afford
- mortgage calculator with interest
Frequently asked questions
Does this include taxes and insurance?
Principal and interest are always included. Property taxes, insurance, and HOA can also be added here so you can get closer to an all-in monthly housing estimate.
Should I use 15 years or 30 years?
Use the term that still leaves room for savings, repairs, and normal life expenses after the payment clears. The cheaper total loan is not always the safer monthly choice.
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