Mortgage Calculator

Estimate your monthly mortgage payment, total interest, and full amortization schedule.

Down payment
%
Total monthly payment$2,523
Principal & interest$2,023
Monthly escrow$500
Loan principal$320,000
Total interest paid$408,142
Total paid over term$728,142

No PMI required — down payment is 20% or more.

About the Mortgage Calculator

This calculator estimates your total monthly home payment — principal, interest, property tax, homeowners insurance, any HOA fee, and PMI if applicable — from your home price, down payment, loan term, and interest rate. Enter your down payment as a dollar amount or a percentage and the other field updates automatically. It also generates a full month-by-month amortization schedule showing how much of each payment goes toward principal versus interest, how your remaining balance declines over the life of the loan, and exactly when PMI drops off if your down payment is under 20%. Use it to compare a 15-year term against a 30-year term, see how a larger down payment lowers your monthly payment and removes PMI, or estimate total interest paid before you lock in a rate.