Mortgage Calculator
A mortgage calculator estimates monthly payments using principal, interest rate, and loan term. Formula: M = P[r(1+r)^n]/[(1+r)^n-1]. A 30-year mortgage has lower monthly payments but higher total interest than a 15-year mortgage.
Calculate monthly mortgage payments including principal, interest, taxes, and insurance. See payment breakdown and total cost over loan term.
What do you want to calculate?
Calculate your monthly payment based on home price and down payment
Home Price
$
Down Payment
%
$60,000.00 down
Interest Rate (APR)
%
Loan Term
Additional Costs (optional)
$
$
%
Monthly Payment
$1,996.73
Home Price
$300,000.00
Down Payment
$60,000.00
20.0%
Principal & Interest
$1,596.73
Property Tax
$300.00
Insurance
$100.00
PMI
$0.00
Loan Amount
$240,000.00
Total Interest
$334,821.36
Total Cost
$718,821.36
Payment Breakdown
P&I Tax Insurance
Amortization Schedule(360 payments over 30 years)
Yearly Summary
| Year | Total Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $19,160.71 | $2,437.94 | $16,722.77 | $237,562.06 |
| 2 | $19,160.71 | $2,614.18 | $16,546.53 | $234,947.87 |
| 3 | $19,160.71 | $2,803.16 | $16,357.55 | $232,144.71 |
| 4 | $19,160.71 | $3,005.80 | $16,154.91 | $229,138.91 |
| 5 | $19,160.71 | $3,223.09 | $15,937.62 | $225,915.82 |
| 6 | $19,160.71 | $3,456.09 | $15,704.62 | $222,459.73 |
| 7 | $19,160.71 | $3,705.93 | $15,454.78 | $218,753.79 |
| 8 | $19,160.71 | $3,973.83 | $15,186.88 | $214,779.96 |
| 9 | $19,160.71 | $4,261.10 | $14,899.61 | $210,518.86 |
| 10 | $19,160.71 | $4,569.14 | $14,591.57 | $205,949.72 |
| 11 | $19,160.71 | $4,899.44 | $14,261.27 | $201,050.28 |
| 12 | $19,160.71 | $5,253.62 | $13,907.09 | $195,796.66 |
| 13 | $19,160.71 | $5,633.41 | $13,527.31 | $190,163.25 |
| 14 | $19,160.71 | $6,040.65 | $13,120.07 | $184,122.60 |
| 15 | $19,160.71 | $6,477.33 | $12,683.39 | $177,645.28 |
| 16 | $19,160.71 | $6,945.57 | $12,215.14 | $170,699.71 |
| 17 | $19,160.71 | $7,447.67 | $11,713.04 | $163,252.04 |
| 18 | $19,160.71 | $7,986.06 | $11,174.65 | $155,265.98 |
| 19 | $19,160.71 | $8,563.37 | $10,597.34 | $146,702.61 |
| 20 | $19,160.71 | $9,182.42 | $9,978.29 | $137,520.19 |
| 21 | $19,160.71 | $9,846.22 | $9,314.49 | $127,673.97 |
| 22 | $19,160.71 | $10,558.00 | $8,602.71 | $117,115.97 |
| 23 | $19,160.71 | $11,321.24 | $7,839.47 | $105,794.73 |
| 24 | $19,160.71 | $12,139.65 | $7,021.06 | $93,655.08 |
| 25 | $19,160.71 | $13,017.23 | $6,143.48 | $80,637.85 |
| 26 | $19,160.71 | $13,958.25 | $5,202.47 | $66,679.60 |
| 27 | $19,160.71 | $14,967.29 | $4,193.42 | $51,712.31 |
| 28 | $19,160.71 | $16,049.28 | $3,111.44 | $35,663.03 |
| 29 | $19,160.71 | $17,209.48 | $1,951.23 | $18,453.55 |
| 30 | $19,160.71 | $18,453.55 | $707.16 | $0.00 |
Monthly Breakdown
| Payment # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,596.73 | $196.73 | $1,400.00 | $239,803.27 |
| 2 | $1,596.73 | $197.87 | $1,398.85 | $239,605.40 |
| 3 | $1,596.73 | $199.03 | $1,397.70 | $239,406.37 |
| 4 | $1,596.73 | $200.19 | $1,396.54 | $239,206.18 |
| 5 | $1,596.73 | $201.36 | $1,395.37 | $239,004.83 |
| 6 | $1,596.73 | $202.53 | $1,394.19 | $238,802.30 |
| 7 | $1,596.73 | $203.71 | $1,393.01 | $238,598.58 |
| 8 | $1,596.73 | $204.90 | $1,391.83 | $238,393.68 |
| 9 | $1,596.73 | $206.10 | $1,390.63 | $238,187.59 |
| 10 | $1,596.73 | $207.30 | $1,389.43 | $237,980.29 |
| 11 | $1,596.73 | $208.51 | $1,388.22 | $237,771.78 |
| 12 | $1,596.73 | $209.72 | $1,387.00 | $237,562.06 |
| 13 | $1,596.73 | $210.95 | $1,385.78 | $237,351.11 |
| 14 | $1,596.73 | $212.18 | $1,384.55 | $237,138.93 |
| 15 | $1,596.73 | $213.42 | $1,383.31 | $236,925.52 |
| 16 | $1,596.73 | $214.66 | $1,382.07 | $236,710.86 |
| 17 | $1,596.73 | $215.91 | $1,380.81 | $236,494.94 |
| 18 | $1,596.73 | $217.17 | $1,379.55 | $236,277.77 |
| 19 | $1,596.73 | $218.44 | $1,378.29 | $236,059.33 |
| 20 | $1,596.73 | $219.71 | $1,377.01 | $235,839.62 |
| 21 | $1,596.73 | $220.99 | $1,375.73 | $235,618.62 |
| 22 | $1,596.73 | $222.28 | $1,374.44 | $235,396.34 |
| 23 | $1,596.73 | $223.58 | $1,373.15 | $235,172.76 |
| 24 | $1,596.73 | $224.88 | $1,371.84 | $234,947.87 |
| 25 | $1,596.73 | $226.20 | $1,370.53 | $234,721.68 |
| 26 | $1,596.73 | $227.52 | $1,369.21 | $234,494.16 |
| 27 | $1,596.73 | $228.84 | $1,367.88 | $234,265.32 |
| 28 | $1,596.73 | $230.18 | $1,366.55 | $234,035.14 |
| 29 | $1,596.73 | $231.52 | $1,365.20 | $233,803.62 |
| 30 | $1,596.73 | $232.87 | $1,363.85 | $233,570.75 |
| 31 | $1,596.73 | $234.23 | $1,362.50 | $233,336.52 |
| 32 | $1,596.73 | $235.60 | $1,361.13 | $233,100.92 |
| 33 | $1,596.73 | $236.97 | $1,359.76 | $232,863.95 |
| 34 | $1,596.73 | $238.35 | $1,358.37 | $232,625.60 |
| 35 | $1,596.73 | $239.74 | $1,356.98 | $232,385.85 |
| 36 | $1,596.73 | $241.14 | $1,355.58 | $232,144.71 |
| 37 | $1,596.73 | $242.55 | $1,354.18 | $231,902.16 |
| 38 | $1,596.73 | $243.96 | $1,352.76 | $231,658.20 |
| 39 | $1,596.73 | $245.39 | $1,351.34 | $231,412.81 |
| 40 | $1,596.73 | $246.82 | $1,349.91 | $231,166.00 |
| 41 | $1,596.73 | $248.26 | $1,348.47 | $230,917.74 |
| 42 | $1,596.73 | $249.71 | $1,347.02 | $230,668.03 |
| 43 | $1,596.73 | $251.16 | $1,345.56 | $230,416.87 |
| 44 | $1,596.73 | $252.63 | $1,344.10 | $230,164.24 |
| 45 | $1,596.73 | $254.10 | $1,342.62 | $229,910.14 |
| 46 | $1,596.73 | $255.58 | $1,341.14 | $229,654.56 |
| 47 | $1,596.73 | $257.07 | $1,339.65 | $229,397.48 |
| 48 | $1,596.73 | $258.57 | $1,338.15 | $229,138.91 |
| 49 | $1,596.73 | $260.08 | $1,336.64 | $228,878.83 |
| 50 | $1,596.73 | $261.60 | $1,335.13 | $228,617.23 |
| 51 | $1,596.73 | $263.13 | $1,333.60 | $228,354.10 |
| 52 | $1,596.73 | $264.66 | $1,332.07 | $228,089.44 |
| 53 | $1,596.73 | $266.20 | $1,330.52 | $227,823.24 |
| 54 | $1,596.73 | $267.76 | $1,328.97 | $227,555.48 |
| 55 | $1,596.73 | $269.32 | $1,327.41 | $227,286.16 |
| 56 | $1,596.73 | $270.89 | $1,325.84 | $227,015.27 |
| 57 | $1,596.73 | $272.47 | $1,324.26 | $226,742.80 |
| 58 | $1,596.73 | $274.06 | $1,322.67 | $226,468.74 |
| 59 | $1,596.73 | $275.66 | $1,321.07 | $226,193.08 |
| 60 | $1,596.73 | $277.27 | $1,319.46 | $225,915.82 |
| 61 | $1,596.73 | $278.88 | $1,317.84 | $225,636.93 |
| 62 | $1,596.73 | $280.51 | $1,316.22 | $225,356.42 |
| 63 | $1,596.73 | $282.15 | $1,314.58 | $225,074.27 |
| 64 | $1,596.73 | $283.79 | $1,312.93 | $224,790.48 |
| 65 | $1,596.73 | $285.45 | $1,311.28 | $224,505.03 |
| 66 | $1,596.73 | $287.11 | $1,309.61 | $224,217.92 |
| 67 | $1,596.73 | $288.79 | $1,307.94 | $223,929.13 |
| 68 | $1,596.73 | $290.47 | $1,306.25 | $223,638.66 |
| 69 | $1,596.73 | $292.17 | $1,304.56 | $223,346.49 |
| 70 | $1,596.73 | $293.87 | $1,302.85 | $223,052.62 |
| 71 | $1,596.73 | $295.59 | $1,301.14 | $222,757.04 |
| 72 | $1,596.73 | $297.31 | $1,299.42 | $222,459.73 |
| 73 | $1,596.73 | $299.04 | $1,297.68 | $222,160.68 |
| 74 | $1,596.73 | $300.79 | $1,295.94 | $221,859.89 |
| 75 | $1,596.73 | $302.54 | $1,294.18 | $221,557.35 |
| 76 | $1,596.73 | $304.31 | $1,292.42 | $221,253.04 |
| 77 | $1,596.73 | $306.08 | $1,290.64 | $220,946.96 |
| 78 | $1,596.73 | $307.87 | $1,288.86 | $220,639.09 |
| 79 | $1,596.73 | $309.66 | $1,287.06 | $220,329.42 |
| 80 | $1,596.73 | $311.47 | $1,285.25 | $220,017.95 |
| 81 | $1,596.73 | $313.29 | $1,283.44 | $219,704.67 |
| 82 | $1,596.73 | $315.12 | $1,281.61 | $219,389.55 |
| 83 | $1,596.73 | $316.95 | $1,279.77 | $219,072.60 |
| 84 | $1,596.73 | $318.80 | $1,277.92 | $218,753.79 |
| 85 | $1,596.73 | $320.66 | $1,276.06 | $218,433.13 |
| 86 | $1,596.73 | $322.53 | $1,274.19 | $218,110.60 |
| 87 | $1,596.73 | $324.41 | $1,272.31 | $217,786.18 |
| 88 | $1,596.73 | $326.31 | $1,270.42 | $217,459.88 |
| 89 | $1,596.73 | $328.21 | $1,268.52 | $217,131.67 |
| 90 | $1,596.73 | $330.12 | $1,266.60 | $216,801.54 |
| 91 | $1,596.73 | $332.05 | $1,264.68 | $216,469.49 |
| 92 | $1,596.73 | $333.99 | $1,262.74 | $216,135.51 |
| 93 | $1,596.73 | $335.94 | $1,260.79 | $215,799.57 |
| 94 | $1,596.73 | $337.90 | $1,258.83 | $215,461.68 |
| 95 | $1,596.73 | $339.87 | $1,256.86 | $215,121.81 |
| 96 | $1,596.73 | $341.85 | $1,254.88 | $214,779.96 |
| 97 | $1,596.73 | $343.84 | $1,252.88 | $214,436.12 |
| 98 | $1,596.73 | $345.85 | $1,250.88 | $214,090.27 |
| 99 | $1,596.73 | $347.87 | $1,248.86 | $213,742.40 |
| 100 | $1,596.73 | $349.90 | $1,246.83 | $213,392.51 |
| 101 | $1,596.73 | $351.94 | $1,244.79 | $213,040.57 |
| 102 | $1,596.73 | $353.99 | $1,242.74 | $212,686.58 |
| 103 | $1,596.73 | $356.05 | $1,240.67 | $212,330.53 |
| 104 | $1,596.73 | $358.13 | $1,238.59 | $211,972.40 |
| 105 | $1,596.73 | $360.22 | $1,236.51 | $211,612.18 |
| 106 | $1,596.73 | $362.32 | $1,234.40 | $211,249.85 |
| 107 | $1,596.73 | $364.44 | $1,232.29 | $210,885.42 |
| 108 | $1,596.73 | $366.56 | $1,230.16 | $210,518.86 |
| 109 | $1,596.73 | $368.70 | $1,228.03 | $210,150.16 |
| 110 | $1,596.73 | $370.85 | $1,225.88 | $209,779.31 |
| 111 | $1,596.73 | $373.01 | $1,223.71 | $209,406.30 |
| 112 | $1,596.73 | $375.19 | $1,221.54 | $209,031.11 |
| 113 | $1,596.73 | $377.38 | $1,219.35 | $208,653.73 |
| 114 | $1,596.73 | $379.58 | $1,217.15 | $208,274.15 |
| 115 | $1,596.73 | $381.79 | $1,214.93 | $207,892.36 |
| 116 | $1,596.73 | $384.02 | $1,212.71 | $207,508.33 |
| 117 | $1,596.73 | $386.26 | $1,210.47 | $207,122.07 |
| 118 | $1,596.73 | $388.51 | $1,208.21 | $206,733.56 |
| 119 | $1,596.73 | $390.78 | $1,205.95 | $206,342.78 |
| 120 | $1,596.73 | $393.06 | $1,203.67 | $205,949.72 |
| 121 | $1,596.73 | $395.35 | $1,201.37 | $205,554.37 |
| 122 | $1,596.73 | $397.66 | $1,199.07 | $205,156.71 |
| 123 | $1,596.73 | $399.98 | $1,196.75 | $204,756.73 |
| 124 | $1,596.73 | $402.31 | $1,194.41 | $204,354.42 |
| 125 | $1,596.73 | $404.66 | $1,192.07 | $203,949.76 |
| 126 | $1,596.73 | $407.02 | $1,189.71 | $203,542.74 |
| 127 | $1,596.73 | $409.39 | $1,187.33 | $203,133.35 |
| 128 | $1,596.73 | $411.78 | $1,184.94 | $202,721.57 |
| 129 | $1,596.73 | $414.18 | $1,182.54 | $202,307.38 |
| 130 | $1,596.73 | $416.60 | $1,180.13 | $201,890.78 |
| 131 | $1,596.73 | $419.03 | $1,177.70 | $201,471.75 |
| 132 | $1,596.73 | $421.47 | $1,175.25 | $201,050.28 |
| 133 | $1,596.73 | $423.93 | $1,172.79 | $200,626.35 |
| 134 | $1,596.73 | $426.41 | $1,170.32 | $200,199.94 |
| 135 | $1,596.73 | $428.89 | $1,167.83 | $199,771.05 |
| 136 | $1,596.73 | $431.39 | $1,165.33 | $199,339.65 |
| 137 | $1,596.73 | $433.91 | $1,162.81 | $198,905.74 |
| 138 | $1,596.73 | $436.44 | $1,160.28 | $198,469.30 |
| 139 | $1,596.73 | $438.99 | $1,157.74 | $198,030.31 |
| 140 | $1,596.73 | $441.55 | $1,155.18 | $197,588.76 |
| 141 | $1,596.73 | $444.12 | $1,152.60 | $197,144.64 |
| 142 | $1,596.73 | $446.72 | $1,150.01 | $196,697.92 |
| 143 | $1,596.73 | $449.32 | $1,147.40 | $196,248.60 |
| 144 | $1,596.73 | $451.94 | $1,144.78 | $195,796.66 |
| 145 | $1,596.73 | $454.58 | $1,142.15 | $195,342.08 |
| 146 | $1,596.73 | $457.23 | $1,139.50 | $194,884.85 |
| 147 | $1,596.73 | $459.90 | $1,136.83 | $194,424.95 |
| 148 | $1,596.73 | $462.58 | $1,134.15 | $193,962.37 |
| 149 | $1,596.73 | $465.28 | $1,131.45 | $193,497.09 |
| 150 | $1,596.73 | $467.99 | $1,128.73 | $193,029.10 |
| 151 | $1,596.73 | $470.72 | $1,126.00 | $192,558.37 |
| 152 | $1,596.73 | $473.47 | $1,123.26 | $192,084.91 |
| 153 | $1,596.73 | $476.23 | $1,120.50 | $191,608.68 |
| 154 | $1,596.73 | $479.01 | $1,117.72 | $191,129.67 |
| 155 | $1,596.73 | $481.80 | $1,114.92 | $190,647.86 |
| 156 | $1,596.73 | $484.61 | $1,112.11 | $190,163.25 |
| 157 | $1,596.73 | $487.44 | $1,109.29 | $189,675.81 |
| 158 | $1,596.73 | $490.28 | $1,106.44 | $189,185.53 |
| 159 | $1,596.73 | $493.14 | $1,103.58 | $188,692.38 |
| 160 | $1,596.73 | $496.02 | $1,100.71 | $188,196.36 |
| 161 | $1,596.73 | $498.91 | $1,097.81 | $187,697.45 |
| 162 | $1,596.73 | $501.82 | $1,094.90 | $187,195.62 |
| 163 | $1,596.73 | $504.75 | $1,091.97 | $186,690.87 |
| 164 | $1,596.73 | $507.70 | $1,089.03 | $186,183.18 |
| 165 | $1,596.73 | $510.66 | $1,086.07 | $185,672.52 |
| 166 | $1,596.73 | $513.64 | $1,083.09 | $185,158.88 |
| 167 | $1,596.73 | $516.63 | $1,080.09 | $184,642.25 |
| 168 | $1,596.73 | $519.65 | $1,077.08 | $184,122.60 |
| 169 | $1,596.73 | $522.68 | $1,074.05 | $183,599.93 |
| 170 | $1,596.73 | $525.73 | $1,071.00 | $183,074.20 |
| 171 | $1,596.73 | $528.79 | $1,067.93 | $182,545.41 |
| 172 | $1,596.73 | $531.88 | $1,064.85 | $182,013.53 |
| 173 | $1,596.73 | $534.98 | $1,061.75 | $181,478.55 |
| 174 | $1,596.73 | $538.10 | $1,058.62 | $180,940.45 |
| 175 | $1,596.73 | $541.24 | $1,055.49 | $180,399.21 |
| 176 | $1,596.73 | $544.40 | $1,052.33 | $179,854.81 |
| 177 | $1,596.73 | $547.57 | $1,049.15 | $179,307.24 |
| 178 | $1,596.73 | $550.77 | $1,045.96 | $178,756.47 |
| 179 | $1,596.73 | $553.98 | $1,042.75 | $178,202.49 |
| 180 | $1,596.73 | $557.21 | $1,039.51 | $177,645.28 |
| 181 | $1,596.73 | $560.46 | $1,036.26 | $177,084.82 |
| 182 | $1,596.73 | $563.73 | $1,032.99 | $176,521.09 |
| 183 | $1,596.73 | $567.02 | $1,029.71 | $175,954.07 |
| 184 | $1,596.73 | $570.33 | $1,026.40 | $175,383.74 |
| 185 | $1,596.73 | $573.65 | $1,023.07 | $174,810.08 |
| 186 | $1,596.73 | $577.00 | $1,019.73 | $174,233.08 |
| 187 | $1,596.73 | $580.37 | $1,016.36 | $173,652.72 |
| 188 | $1,596.73 | $583.75 | $1,012.97 | $173,068.97 |
| 189 | $1,596.73 | $587.16 | $1,009.57 | $172,481.81 |
| 190 | $1,596.73 | $590.58 | $1,006.14 | $171,891.23 |
| 191 | $1,596.73 | $594.03 | $1,002.70 | $171,297.20 |
| 192 | $1,596.73 | $597.49 | $999.23 | $170,699.71 |
| 193 | $1,596.73 | $600.98 | $995.75 | $170,098.73 |
| 194 | $1,596.73 | $604.48 | $992.24 | $169,494.25 |
| 195 | $1,596.73 | $608.01 | $988.72 | $168,886.24 |
| 196 | $1,596.73 | $611.56 | $985.17 | $168,274.68 |
| 197 | $1,596.73 | $615.12 | $981.60 | $167,659.56 |
| 198 | $1,596.73 | $618.71 | $978.01 | $167,040.84 |
| 199 | $1,596.73 | $622.32 | $974.40 | $166,418.52 |
| 200 | $1,596.73 | $625.95 | $970.77 | $165,792.57 |
| 201 | $1,596.73 | $629.60 | $967.12 | $165,162.97 |
| 202 | $1,596.73 | $633.28 | $963.45 | $164,529.69 |
| 203 | $1,596.73 | $636.97 | $959.76 | $163,892.73 |
| 204 | $1,596.73 | $640.69 | $956.04 | $163,252.04 |
| 205 | $1,596.73 | $644.42 | $952.30 | $162,607.62 |
| 206 | $1,596.73 | $648.18 | $948.54 | $161,959.44 |
| 207 | $1,596.73 | $651.96 | $944.76 | $161,307.47 |
| 208 | $1,596.73 | $655.77 | $940.96 | $160,651.71 |
| 209 | $1,596.73 | $659.59 | $937.13 | $159,992.12 |
| 210 | $1,596.73 | $663.44 | $933.29 | $159,328.68 |
| 211 | $1,596.73 | $667.31 | $929.42 | $158,661.37 |
| 212 | $1,596.73 | $671.20 | $925.52 | $157,990.17 |
| 213 | $1,596.73 | $675.12 | $921.61 | $157,315.05 |
| 214 | $1,596.73 | $679.05 | $917.67 | $156,636.00 |
| 215 | $1,596.73 | $683.02 | $913.71 | $155,952.98 |
| 216 | $1,596.73 | $687.00 | $909.73 | $155,265.98 |
| 217 | $1,596.73 | $691.01 | $905.72 | $154,574.97 |
| 218 | $1,596.73 | $695.04 | $901.69 | $153,879.93 |
| 219 | $1,596.73 | $699.09 | $897.63 | $153,180.84 |
| 220 | $1,596.73 | $703.17 | $893.55 | $152,477.67 |
| 221 | $1,596.73 | $707.27 | $889.45 | $151,770.40 |
| 222 | $1,596.73 | $711.40 | $885.33 | $151,059.00 |
| 223 | $1,596.73 | $715.55 | $881.18 | $150,343.45 |
| 224 | $1,596.73 | $719.72 | $877.00 | $149,623.73 |
| 225 | $1,596.73 | $723.92 | $872.81 | $148,899.81 |
| 226 | $1,596.73 | $728.14 | $868.58 | $148,171.66 |
| 227 | $1,596.73 | $732.39 | $864.33 | $147,439.27 |
| 228 | $1,596.73 | $736.66 | $860.06 | $146,702.61 |
| 229 | $1,596.73 | $740.96 | $855.77 | $145,961.65 |
| 230 | $1,596.73 | $745.28 | $851.44 | $145,216.36 |
| 231 | $1,596.73 | $749.63 | $847.10 | $144,466.73 |
| 232 | $1,596.73 | $754.00 | $842.72 | $143,712.73 |
| 233 | $1,596.73 | $758.40 | $838.32 | $142,954.33 |
| 234 | $1,596.73 | $762.83 | $833.90 | $142,191.50 |
| 235 | $1,596.73 | $767.28 | $829.45 | $141,424.23 |
| 236 | $1,596.73 | $771.75 | $824.97 | $140,652.48 |
| 237 | $1,596.73 | $776.25 | $820.47 | $139,876.22 |
| 238 | $1,596.73 | $780.78 | $815.94 | $139,095.44 |
| 239 | $1,596.73 | $785.34 | $811.39 | $138,310.10 |
| 240 | $1,596.73 | $789.92 | $806.81 | $137,520.19 |
| 241 | $1,596.73 | $794.52 | $802.20 | $136,725.66 |
| 242 | $1,596.73 | $799.16 | $797.57 | $135,926.50 |
| 243 | $1,596.73 | $803.82 | $792.90 | $135,122.68 |
| 244 | $1,596.73 | $808.51 | $788.22 | $134,314.17 |
| 245 | $1,596.73 | $813.23 | $783.50 | $133,500.95 |
| 246 | $1,596.73 | $817.97 | $778.76 | $132,682.97 |
| 247 | $1,596.73 | $822.74 | $773.98 | $131,860.23 |
| 248 | $1,596.73 | $827.54 | $769.18 | $131,032.69 |
| 249 | $1,596.73 | $832.37 | $764.36 | $130,200.32 |
| 250 | $1,596.73 | $837.22 | $759.50 | $129,363.10 |
| 251 | $1,596.73 | $842.11 | $754.62 | $128,520.99 |
| 252 | $1,596.73 | $847.02 | $749.71 | $127,673.97 |
| 253 | $1,596.73 | $851.96 | $744.76 | $126,822.01 |
| 254 | $1,596.73 | $856.93 | $739.80 | $125,965.08 |
| 255 | $1,596.73 | $861.93 | $734.80 | $125,103.15 |
| 256 | $1,596.73 | $866.96 | $729.77 | $124,236.19 |
| 257 | $1,596.73 | $872.01 | $724.71 | $123,364.18 |
| 258 | $1,596.73 | $877.10 | $719.62 | $122,487.07 |
| 259 | $1,596.73 | $882.22 | $714.51 | $121,604.86 |
| 260 | $1,596.73 | $887.36 | $709.36 | $120,717.49 |
| 261 | $1,596.73 | $892.54 | $704.19 | $119,824.95 |
| 262 | $1,596.73 | $897.75 | $698.98 | $118,927.20 |
| 263 | $1,596.73 | $902.98 | $693.74 | $118,024.22 |
| 264 | $1,596.73 | $908.25 | $688.47 | $117,115.97 |
| 265 | $1,596.73 | $913.55 | $683.18 | $116,202.42 |
| 266 | $1,596.73 | $918.88 | $677.85 | $115,283.54 |
| 267 | $1,596.73 | $924.24 | $672.49 | $114,359.30 |
| 268 | $1,596.73 | $929.63 | $667.10 | $113,429.67 |
| 269 | $1,596.73 | $935.05 | $661.67 | $112,494.62 |
| 270 | $1,596.73 | $940.51 | $656.22 | $111,554.11 |
| 271 | $1,596.73 | $945.99 | $650.73 | $110,608.12 |
| 272 | $1,596.73 | $951.51 | $645.21 | $109,656.61 |
| 273 | $1,596.73 | $957.06 | $639.66 | $108,699.54 |
| 274 | $1,596.73 | $962.65 | $634.08 | $107,736.90 |
| 275 | $1,596.73 | $968.26 | $628.47 | $106,768.64 |
| 276 | $1,596.73 | $973.91 | $622.82 | $105,794.73 |
| 277 | $1,596.73 | $979.59 | $617.14 | $104,815.14 |
| 278 | $1,596.73 | $985.30 | $611.42 | $103,829.83 |
| 279 | $1,596.73 | $991.05 | $605.67 | $102,838.78 |
| 280 | $1,596.73 | $996.83 | $599.89 | $101,841.95 |
| 281 | $1,596.73 | $1,002.65 | $594.08 | $100,839.30 |
| 282 | $1,596.73 | $1,008.50 | $588.23 | $99,830.80 |
| 283 | $1,596.73 | $1,014.38 | $582.35 | $98,816.43 |
| 284 | $1,596.73 | $1,020.30 | $576.43 | $97,796.13 |
| 285 | $1,596.73 | $1,026.25 | $570.48 | $96,769.88 |
| 286 | $1,596.73 | $1,032.24 | $564.49 | $95,737.64 |
| 287 | $1,596.73 | $1,038.26 | $558.47 | $94,699.39 |
| 288 | $1,596.73 | $1,044.31 | $552.41 | $93,655.08 |
| 289 | $1,596.73 | $1,050.40 | $546.32 | $92,604.67 |
| 290 | $1,596.73 | $1,056.53 | $540.19 | $91,548.14 |
| 291 | $1,596.73 | $1,062.70 | $534.03 | $90,485.44 |
| 292 | $1,596.73 | $1,068.89 | $527.83 | $89,416.55 |
| 293 | $1,596.73 | $1,075.13 | $521.60 | $88,341.42 |
| 294 | $1,596.73 | $1,081.40 | $515.32 | $87,260.02 |
| 295 | $1,596.73 | $1,087.71 | $509.02 | $86,172.31 |
| 296 | $1,596.73 | $1,094.05 | $502.67 | $85,078.26 |
| 297 | $1,596.73 | $1,100.44 | $496.29 | $83,977.82 |
| 298 | $1,596.73 | $1,106.86 | $489.87 | $82,870.96 |
| 299 | $1,596.73 | $1,113.31 | $483.41 | $81,757.65 |
| 300 | $1,596.73 | $1,119.81 | $476.92 | $80,637.85 |
| 301 | $1,596.73 | $1,126.34 | $470.39 | $79,511.51 |
| 302 | $1,596.73 | $1,132.91 | $463.82 | $78,378.60 |
| 303 | $1,596.73 | $1,139.52 | $457.21 | $77,239.08 |
| 304 | $1,596.73 | $1,146.16 | $450.56 | $76,092.92 |
| 305 | $1,596.73 | $1,152.85 | $443.88 | $74,940.07 |
| 306 | $1,596.73 | $1,159.58 | $437.15 | $73,780.49 |
| 307 | $1,596.73 | $1,166.34 | $430.39 | $72,614.15 |
| 308 | $1,596.73 | $1,173.14 | $423.58 | $71,441.01 |
| 309 | $1,596.73 | $1,179.99 | $416.74 | $70,261.02 |
| 310 | $1,596.73 | $1,186.87 | $409.86 | $69,074.15 |
| 311 | $1,596.73 | $1,193.79 | $402.93 | $67,880.36 |
| 312 | $1,596.73 | $1,200.76 | $395.97 | $66,679.60 |
| 313 | $1,596.73 | $1,207.76 | $388.96 | $65,471.84 |
| 314 | $1,596.73 | $1,214.81 | $381.92 | $64,257.03 |
| 315 | $1,596.73 | $1,221.89 | $374.83 | $63,035.14 |
| 316 | $1,596.73 | $1,229.02 | $367.70 | $61,806.12 |
| 317 | $1,596.73 | $1,236.19 | $360.54 | $60,569.93 |
| 318 | $1,596.73 | $1,243.40 | $353.32 | $59,326.52 |
| 319 | $1,596.73 | $1,250.65 | $346.07 | $58,075.87 |
| 320 | $1,596.73 | $1,257.95 | $338.78 | $56,817.92 |
| 321 | $1,596.73 | $1,265.29 | $331.44 | $55,552.63 |
| 322 | $1,596.73 | $1,272.67 | $324.06 | $54,279.96 |
| 323 | $1,596.73 | $1,280.09 | $316.63 | $52,999.87 |
| 324 | $1,596.73 | $1,287.56 | $309.17 | $51,712.31 |
| 325 | $1,596.73 | $1,295.07 | $301.66 | $50,417.24 |
| 326 | $1,596.73 | $1,302.63 | $294.10 | $49,114.61 |
| 327 | $1,596.73 | $1,310.22 | $286.50 | $47,804.39 |
| 328 | $1,596.73 | $1,317.87 | $278.86 | $46,486.52 |
| 329 | $1,596.73 | $1,325.55 | $271.17 | $45,160.97 |
| 330 | $1,596.73 | $1,333.29 | $263.44 | $43,827.68 |
| 331 | $1,596.73 | $1,341.06 | $255.66 | $42,486.62 |
| 332 | $1,596.73 | $1,348.89 | $247.84 | $41,137.73 |
| 333 | $1,596.73 | $1,356.76 | $239.97 | $39,780.97 |
| 334 | $1,596.73 | $1,364.67 | $232.06 | $38,416.30 |
| 335 | $1,596.73 | $1,372.63 | $224.10 | $37,043.67 |
| 336 | $1,596.73 | $1,380.64 | $216.09 | $35,663.03 |
| 337 | $1,596.73 | $1,388.69 | $208.03 | $34,274.34 |
| 338 | $1,596.73 | $1,396.79 | $199.93 | $32,877.55 |
| 339 | $1,596.73 | $1,404.94 | $191.79 | $31,472.61 |
| 340 | $1,596.73 | $1,413.14 | $183.59 | $30,059.47 |
| 341 | $1,596.73 | $1,421.38 | $175.35 | $28,638.09 |
| 342 | $1,596.73 | $1,429.67 | $167.06 | $27,208.42 |
| 343 | $1,596.73 | $1,438.01 | $158.72 | $25,770.41 |
| 344 | $1,596.73 | $1,446.40 | $150.33 | $24,324.02 |
| 345 | $1,596.73 | $1,454.84 | $141.89 | $22,869.18 |
| 346 | $1,596.73 | $1,463.32 | $133.40 | $21,405.86 |
| 347 | $1,596.73 | $1,471.86 | $124.87 | $19,934.00 |
| 348 | $1,596.73 | $1,480.44 | $116.28 | $18,453.55 |
| 349 | $1,596.73 | $1,489.08 | $107.65 | $16,964.47 |
| 350 | $1,596.73 | $1,497.77 | $98.96 | $15,466.71 |
| 351 | $1,596.73 | $1,506.50 | $90.22 | $13,960.20 |
| 352 | $1,596.73 | $1,515.29 | $81.43 | $12,444.91 |
| 353 | $1,596.73 | $1,524.13 | $72.60 | $10,920.78 |
| 354 | $1,596.73 | $1,533.02 | $63.70 | $9,387.76 |
| 355 | $1,596.73 | $1,541.96 | $54.76 | $7,845.80 |
| 356 | $1,596.73 | $1,550.96 | $45.77 | $6,294.84 |
| 357 | $1,596.73 | $1,560.01 | $36.72 | $4,734.83 |
| 358 | $1,596.73 | $1,569.11 | $27.62 | $3,165.73 |
| 359 | $1,596.73 | $1,578.26 | $18.47 | $1,587.47 |
| 360 | $1,596.73 | $1,587.47 | $9.26 | $0.00 |
Mortgage Tips
- 20% down payment eliminates PMI requirement
- 15-year mortgages have lower rates but higher payments
- Compare rates from multiple lenders
- Consider total cost, not just monthly payment
How to Use
- Enter your value in the input field
- Click the Calculate/Convert button
- Copy the result to your clipboard
Frequently Asked Questions
- How is a monthly mortgage payment calculated?
- Monthly mortgage payment is calculated using the formula: M = P[r(1+r)^n]/[(1+r)^n-1], where M is monthly payment, P is principal (loan amount), r is monthly interest rate (annual rate / 12), and n is total number of payments. This formula ensures each payment covers both principal and interest.
- What is the difference between a 15-year and 30-year mortgage?
- A 15-year mortgage has higher monthly payments but lower total interest and builds equity faster. A 30-year mortgage has lower monthly payments but costs significantly more in total interest. For a $300,000 loan at 7%, a 15-year costs ~$145,000 in interest vs ~$419,000 for 30 years.
- How much house can I afford?
- A common guideline is the 28/36 rule: spend no more than 28% of gross monthly income on housing costs and no more than 36% on total debt. For a $6,000 monthly income, that means ~$1,680/month max for mortgage, taxes, and insurance combined.
- What is PMI and when is it required?
- PMI (Private Mortgage Insurance) is required when your down payment is less than 20% of the home price. PMI typically costs 0.5% to 1% of the loan amount annually. On a $300,000 loan, that is $1,500 to $3,000 per year, or $125 to $250 per month added to your payment.
- How does the interest rate affect my mortgage?
- Each 1% increase in interest rate increases monthly payment by roughly 10-12%. On a $300,000 30-year mortgage, going from 6% to 7% increases monthly payment from $1,799 to $1,996 (+$197/month) and adds ~$71,000 to total interest paid over the loan term.