Mortgage Calculator
Calculate your complete monthly mortgage payment including principal, interest, taxes, insurance, and PMI.
Year-by-Year Amortization
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
For educational purposes only — not financial advice.
How to use
- Enter the home price and your down payment (as dollars or a percentage).
- Select your loan term (15, 20, or 30 years) and enter your interest rate.
- Add annual property tax and homeowner's insurance estimates.
- If your down payment is less than 20%, enter your PMI rate (typically 0.5–1.5%).
- Click Calculate to see your full PITI monthly payment breakdown.
- Review the year-by-year table to see how your balance decreases over time.
About this Mortgage Calculator
A payment estimate covering only principal and interest misses a large piece of real monthly cost — property tax and homeowners insurance (often bundled into escrow) can add hundreds of dollars on top. This tool includes optional tax/insurance fields for total monthly housing cost.