Mortgage Calculator
See your true monthly payment — principal, interest, taxes and insurance — plus a full amortization schedule and how much an extra payment could save you.
Loan balance over time
Green = remaining balance · Gold = interest paid to date. Notice how early payments are almost all interest — that's why extra principal early on is so powerful.
Amortization schedule (by year)
| Year | Principal paid | Interest paid | Balance |
|---|
Mortgage FAQs
"PITI" — Principal, Interest, Taxes and Insurance. Put down less than 20% and you'll usually add PMI; some homes also add HOA dues. This calculator rolls taxes, insurance and HOA into the monthly figure so you see the real cost.
A lot — try it above. Because early payments are mostly interest, every extra dollar of principal erases all the future interest that dollar would have generated. An extra $200/month on a 30-year loan often saves 5–7 years and tens of thousands of dollars.
A 15-year loan has a higher payment but a lower rate and far less total interest. A 30-year loan keeps payments flexible. Many people split the difference: take the 30-year and pay it like a 15 when they can.