Free Tool
Mortgage
Calculator
Estimate your monthly payment with full breakdown.
Purchase Price
$500,000
$
Down Payment
$100,000 (20%)
%
$
Interest Rate
7.00%
%
Loan Type / Term
30 yr
20 yr
15 yr
10 yr
7 yr
5 yr
Interest Only
Others / Otros
Interest Only: you pay only interest each month. The full loan balance remains due at end of term.
PMI / Monthly
Rec. <20% down
$0/mo
$
Property Tax / yr
$5,000/yr
$
Home Insurance / yr
$1,800/yr
$
HOA / Association Monthly
$0/mo
$
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Estimates only. Actual rates vary.
Estimated Monthly Payment
$
3,327
P&I + Tax + Insurance
Loan Amount
$400K
Total Interest
$358K
Total Cost
$858K
Monthly Payment Breakdown
Principal & Interest
$2,661
80%
Property Tax
$417
13%
Home Insurance
$150
5%
PMI / Monthly
$0
0%
HOA / Association
$0
0%
Total Monthly
$3,228
Principal
$400K
Interest
$358K
Tax (total)
$150K
Insurance (total)
$54K
PMI (total)
$0
HOA / Assoc. (total)
$0
Amortization Schedule (First 10 Years)
Year
Principal Paid
Interest Paid
Balance