Mortgage Calculator

Home price ($)

Down payment (%)

Interest rate (% APR)

Loan term

Property tax (% of home value per year)

Home insurance ($ per year)

PMI (% of loan per year, if down < 20%)

HOA dues ($ per month)

Total monthly payment

$2,539

Principal & interest

$2,023

Property tax

$367

Home insurance

$150

PMI

None (20%+ down)

HOA dues

Loan amount

$320,000

Total interest over the loan

$408,142

Year	Principal paid	Interest paid	Balance
Year 1	$3,577	$20,695	$316,423
Year 2	$3,816	$20,455	$312,607
Year 3	$4,072	$20,200	$308,535
Year 4	$4,345	$19,927	$304,191
Year 5	$4,636	$19,636	$299,555
Year 6	$4,946	$19,325	$294,609
Year 7	$5,277	$18,994	$289,332
Year 8	$5,631	$18,641	$283,701
Year 9	$6,008	$18,264	$277,694
Year 10	$6,410	$17,861	$271,284
Year 11	$6,839	$17,432	$264,444
Year 12	$7,297	$16,974	$257,147
Year 13	$7,786	$16,485	$249,361
Year 14	$8,308	$15,964	$241,053
Year 15	$8,864	$15,407	$232,189
Year 16	$9,458	$14,814	$222,732
Year 17	$10,091	$14,180	$212,641
Year 18	$10,767	$13,505	$201,874
Year 19	$11,488	$12,784	$190,386
Year 20	$12,257	$12,014	$178,129
Year 21	$13,078	$11,193	$165,051
Year 22	$13,954	$10,317	$151,097
Year 23	$14,888	$9,383	$136,208
Year 24	$15,886	$8,386	$120,323
Year 25	$16,949	$7,322	$103,373
Year 26	$18,085	$6,187	$85,289
Year 27	$19,296	$4,976	$65,993
Year 28	$20,588	$3,683	$45,405
Year 29	$21,967	$2,305	$23,438
Year 30	$23,438	$833	$0

PMI usually applies to conventional loans with less than 20% down and can be removed once you reach 20% equity. Taxes and insurance vary by location — use the figures from your Loan Estimate.

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