Use this calculator to estimate your total monthly mortgage payment. Enter your home price, down payment, interest rate, and loan term to see your principal and interest payment, plus an estimate of property tax, insurance, HOA, and PMI if applicable. The amortization breakdown shows exactly how each payment splits between principal and interest over the life of your loan.
Detailed mode adds 4 more inputs including advanced assumptions.
for a $320,000 loan over 30 years at 6.75%
Over the full term, you'll pay $427,185 in interest on top of the principal. Most of that interest comes in the first 10-15 years, when the principal balance is largest.
Principal & Interest
$2,076
The loan-payment portion of your monthly cost.
Property tax + insurance
$550
Escrowed alongside your mortgage payment in most loans.
Total interest paid
$427,185
Over the full 30-year term, this is what the loan costs you beyond the principal.
Where your monthly payment goes in your first year of ownership.
Math methodology last reviewed by Barron Hansen on