Calculator
Mortgage calculator with amortization schedule.
Enter your numbers to see a full monthly payment breakdown, a year-by-year amortization chart, and exactly how much an extra payment would save you.
Loan Details
Additional Costs
Extra Payments
Monthly Payment Breakdown
- Principal & interest
- $0
- Property tax
- $0
- Home insurance
- $0
- Loan amount
- $0
- Total interest
- $0
- Total cost
- $0
Lenders typically require mortgage insurance when your down payment is under 20%. That cost isn't included in this estimate.
Apply nowEstimate for illustration only. Not a loan offer, rate quote, or commitment to lend.
Extra Payment Impact
- Interest saved
- $0
- Payoff
- New payoff date
- Original payoff date
Amortization Schedule
Questions
The calculator, explained.
What does this mortgage estimate include?
The monthly payment includes principal and interest, one-twelfth of your annual property tax, one-twelfth of your annual homeowners insurance, and your HOA dues if you enter any. It does not include mortgage insurance, utilities, or one-time closing costs.
What is mortgage insurance and when do I need it?
Mortgage insurance protects the lender if you stop paying your loan. Conventional loans typically require it when your down payment is under 20%, and it usually cancels once you reach 20 to 22% equity. FHA and some other programs handle it differently. This calculator flags when it likely applies but does not include the cost in the estimate.
How do extra payments cut down my interest?
Every extra dollar goes straight to your principal balance instead of interest, so the lender charges interest on a smaller amount for the rest of the loan. Even a modest monthly extra payment can shave years off a 30-year loan and save tens of thousands in interest, which is exactly what the calculator's amortization schedule shows.