Finance Tools
Mortgage
Calculator
See your monthly payment, full amortization schedule, and the true cost of your home loan — instantly.
Loan Details
$
$
%
yr
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Optional extras
$
$
Monthly Payment
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Principal + Interest + Tax + Insurance
Principal (Mo. 1)
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Interest (Mo. 1)
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Property Tax
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Insurance
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Payment Breakdown
Loan Amount
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Total Interest
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Time Saved
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Interest Saved
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Amortization Schedule
| Year | Balance | Principal Paid | Interest Paid |
|---|
Loan Term Comparison
| Term | Monthly P+I | Total Interest | Total Cost |
|---|
About this calculator
A fixed-rate mortgage payment is split between principal (reducing your loan balance) and interest (the cost of borrowing). In the early years of a loan, most of each payment goes toward interest — this pattern is called amortization. PITI refers to the full monthly housing cost: Principal, Interest, Taxes, and Insurance.
Making even small additional payments toward principal each month can significantly reduce total interest paid over the life of the loan and shorten the repayment term. Because interest is calculated on the outstanding balance, reducing that balance early has a compounding benefit over time.
Results are estimates for informational purposes only and do not constitute financial advice. Consult a qualified financial advisor before making financial decisions.