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Mortgage Calculator
The total purchase price of the home or property.
The amount paid upfront before taking the mortgage.
The mortgage principal borrowed from the lender.
Nominal annual mortgage interest rate.
Mortgage duration in years.
Mortgage result
Monthly payment
$1,193.54
For 360 monthly payments
Total interest
$179,673.77
Total paid
$429,673.77
Total cost including down payment
$479,673.77
Loan-to-value
83.33%
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $4,402.59 | $9,919.87 | $245,597.41 |
| 2 | $4,581.96 | $9,740.50 | $241,015.45 |
| 3 | $4,768.64 | $9,553.82 | $236,246.81 |
| 4 | $4,962.92 | $9,359.54 | $231,283.90 |
| 5 | $5,165.11 | $9,157.34 | $226,118.78 |
| 6 | $5,375.55 | $8,946.91 | $220,743.23 |
| 7 | $5,594.56 | $8,727.90 | $215,148.68 |
| 8 | $5,822.49 | $8,499.97 | $209,326.19 |
| 9 | $6,059.70 | $8,262.75 | $203,266.48 |
| 10 | $6,306.59 | $8,015.87 | $196,959.90 |
| 11 | $6,563.53 | $7,758.93 | $190,396.37 |
| 12 | $6,830.93 | $7,491.52 | $183,565.44 |
| 13 | $7,109.24 | $7,213.22 | $176,456.20 |
| 14 | $7,398.88 | $6,923.58 | $169,057.32 |
| 15 | $7,700.32 | $6,622.14 | $161,357.00 |
| 16 | $8,014.04 | $6,308.42 | $153,342.96 |
| 17 | $8,340.55 | $5,981.91 | $145,002.41 |
| 18 | $8,680.36 | $5,642.10 | $136,322.05 |
| 19 | $9,034.01 | $5,288.45 | $127,288.05 |
| 20 | $9,402.07 | $4,920.39 | $117,885.98 |
| 21 | $9,785.12 | $4,537.34 | $108,100.86 |
| 22 | $10,183.78 | $4,138.68 | $97,917.08 |
| 23 | $10,598.68 | $3,723.77 | $87,318.40 |
| 24 | $11,030.49 | $3,291.97 | $76,287.90 |
| 25 | $11,479.89 | $2,842.57 | $64,808.02 |
| 26 | $11,947.60 | $2,374.86 | $52,860.42 |
| 27 | $12,434.36 | $1,888.10 | $40,426.05 |
| 28 | $12,940.96 | $1,381.50 | $27,485.10 |
| 29 | $13,468.19 | $854.27 | $14,016.91 |
| 30 | $14,016.91 | $305.55 | $0.00 |
This calculator is for educational purposes only. It does not include taxes, insurance, closing costs, variable rates or lender fees.
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How it works
Estimate monthly mortgage payments, total interest, total cost and yearly amortization from loan amount, interest rate and loan term.
Practical examples
30-year mortgage
Estimate a $250,000 mortgage over 30 years at a 4% annual interest rate.
Try this example →
20-year mortgage
Compare a shorter 20-year mortgage and see how total interest changes.
Try this example →
Low down payment
Estimate the payment with a smaller down payment and a higher loan-to-value ratio.
Try this example →
FAQ
How is the monthly mortgage payment calculated?
The monthly payment is calculated using the standard amortizing loan formula based on loan amount, annual interest rate and loan duration.
Does this calculator include taxes and insurance?
No. This calculator focuses on principal and interest. Property taxes, insurance, closing costs and lender fees are not included.
What is loan-to-value?
Loan-to-value, or LTV, compares the mortgage amount with the property price. A lower LTV usually means a larger down payment and lower lender risk.
What does the yearly amortization table show?
The yearly table shows how much principal and interest are paid each year and the remaining mortgage balance at the end of each year.
Does this calculator send my data anywhere?
No. The calculation runs in your browser. Values may be saved locally on your device to restore the last scenario, but they are not sent to an external server.
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