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Mortgage Calculator

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Mortgage calculator — monthly payment, amortization, PMI

$400,000
$80,000
7%
30yr
$300
$2,529
Monthly payment
$2,129
Principal + Interest
$446,440
Total interest
$320,000
Loan amount

Amortization summary

YearAnnual paymentInterest paidPrincipal paidBalance
1$25,548$14,881$10,667$309,333
2$25,548$14,881$10,667$298,667
3$25,548$14,881$10,667$288,000
4$25,548$14,881$10,667$277,333
5$25,548$14,881$10,667$266,667
6$25,548$14,881$10,667$256,000
7$25,548$14,881$10,667$245,333
8$25,548$14,881$10,667$234,667
9$25,548$14,881$10,667$224,000
10$25,548$14,881$10,667$213,333
11$25,548$14,881$10,667$202,667
12$25,548$14,881$10,667$192,000
13$25,548$14,881$10,667$181,333
14$25,548$14,881$10,667$170,667
15$25,548$14,881$10,667$160,000
16$25,548$14,881$10,667$149,333
17$25,548$14,881$10,667$138,667
18$25,548$14,881$10,667$128,000
19$25,548$14,881$10,667$117,333
20$25,548$14,881$10,667$106,667
21$25,548$14,881$10,667$96,000
22$25,548$14,881$10,667$85,333
23$25,548$14,881$10,667$74,667
24$25,548$14,881$10,667$64,000
25$25,548$14,881$10,667$53,333
26$25,548$14,881$10,667$42,667
27$25,548$14,881$10,667$32,000
28$25,548$14,881$10,667$21,333
29$25,548$14,881$10,667$10,667
30$25,548$14,881$10,667$0
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How to use Mortgage Calculator

  1. 1Enter home price and down payment
  2. 2Set interest rate and loan term
  3. 3Add property tax and insurance
  4. 4Get monthly payment and full amortization table

About this tool

Calculate monthly mortgage payment including principal, interest, property tax, PMI, and insurance. Full amortization schedule for 30-year and 15-year fixed rate mortgages.

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Frequently asked questions

What is included in a mortgage payment?

Principal + Interest + Property Tax + Homeowner's Insurance + PMI (if down payment < 20%).

What is PMI?

Private Mortgage Insurance — required when down payment is less than 20% of home price. Typically 0.5–1.5% annually.

30-year vs 15-year mortgage?

15-year has higher monthly payments but saves significantly on total interest paid.