Mortgage Payment Calculator
Enter your details to instantly calculate your monthly payment, full amortization schedule and total cost of your mortgage.
Loan Details
$
$
0.0%
$0 down payment
Loan: $400,000
0.0%
6.50%
Additional Costs (optional)
~1-2% of home value
$
~$1,000-$2,000/yr
$
$
Typical: 0.5-1.5%/yr
%
Your down payment is below 20% – lenders usually require PMI. Enter a PMI rate above (typically 0.5-1.5%) to include it.
Affordability Check (optional)
$
Car, student loans, etc.
$
Enter income above
Front-End Ratio
–
Benchmark: below 28% of gross income
Enter income above
Back-End Ratio (DTI)
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Benchmark: below 36-43% of gross income
Principal and Interest
$0
per month
Property Tax
$0
per month
Home Insurance
$0
per month
PMI
$0
not included
HOA Fees
$0
per month
Down Payment
$0
0% of price
Monthly Payment Breakdown
Extra Payment Impact
$
New Payoff Time
–
Time Saved
Add amount above
Interest Saved
–
Year-by-Year Amortization
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | Equity |
|---|
For educational purposes only. Does not account for adjustable rates, closing costs, or lender fees. Consult a licensed mortgage professional before making home purchase decisions.
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