Mortgage Calculator
Determine your monthly mortgage payments including principal, interest, taxes, and insurance.
Home & Loan Details
Property Taxes & Insurance
Income & Affordability
Total Monthly Payment
$2,147
Principal & Interest + Taxes & Insurance
Principal & Interest
$1,797
Property Tax
$350
Insurance
$100
PMI/HOA
$0
Affordability Analysis
Debt-to-Income Ratio
38.9%
Good
Housing-to-Income Ratio
32.3%
Moderate
Required Annual Income
$77,292
Loan Summary
Loan Amount
$280,000
Total Interest
$366,920
Total Payments
$646,920
Payoff Date
January 2055
Principal vs Interest Over Time
Interest Rate Comparison
Amortization Schedule (First Year)
Month
Payment
Principal
Balance
Mortgage Tips
Shop Around for Rates
Compare rates from multiple lenders. Even a 0.25% difference can save thousands over the loan term.
Consider a Larger Down Payment
20% down avoids PMI and reduces monthly payments. Even 10% down is better than 5%.
Factor in All Costs
Remember closing costs, moving expenses, and ongoing maintenance when budgeting.
Get Pre-approved
Pre-approval shows sellers you're serious and helps you understand your actual buying power.