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Comprehensive Mortgage Calculator

Calculate your complete monthly housing payment with taxes, insurance, and PMI

Home Price

Down Payment

Loan Term

Interest Rate (%)

Annual Property Tax

Annual Home Insurance

Monthly HOA Fees (Optional)

Extra Monthly Payment (Optional)

$1,799

Monthly Payment

Principal & Interest:$1,516.96

Property Tax:$181.92

Home Insurance:$100.00

Loan Amount:$240,000

Total Interest:$306,107

Total Cost:$647,597

Loan-to-Value:80.00%

Formula used in this calculation

M = P[r(1+r)^n] / [(1+r)^n-1] where P = loan amount, r = monthly rate, n = 360 months

Amortization Schedule (First Year)tap to expand

Month	Payment	Principal	Interest	Balance
1	$1,516.96	$216.96	$1,300.00	$239,783
2	$1,516.96	$218.14	$1,298.82	$239,565
3	$1,516.96	$219.32	$1,297.64	$239,346
4	$1,516.96	$220.51	$1,296.46	$239,125
5	$1,516.96	$221.70	$1,295.26	$238,903
6	$1,516.96	$222.90	$1,294.06	$238,680
7	$1,516.96	$224.11	$1,292.85	$238,456
8	$1,516.96	$225.32	$1,291.64	$238,231
9	$1,516.96	$226.55	$1,290.42	$238,004
10	$1,516.96	$227.77	$1,289.19	$237,777
11	$1,516.96	$229.01	$1,287.96	$237,548
12	$1,516.96	$230.25	$1,286.72	$237,317

Month	Payment	Principal	Interest	Balance
1	$1,516.96	$216.96	$1,300.00	$239,783
2	$1,516.96	$218.14	$1,298.82	$239,565
3	$1,516.96	$219.32	$1,297.64	$239,346
4	$1,516.96	$220.51	$1,296.46	$239,125
5	$1,516.96	$221.70	$1,295.26	$238,903
6	$1,516.96	$222.90	$1,294.06	$238,680
7	$1,516.96	$224.11	$1,292.85	$238,456
8	$1,516.96	$225.32	$1,291.64	$238,231
9	$1,516.96	$226.55	$1,290.42	$238,004
10	$1,516.96	$227.77	$1,289.19	$237,777
11	$1,516.96	$229.01	$1,287.96	$237,548
12	$1,516.96	$230.25	$1,286.72	$237,317