Mortgage calculator
One loan, priced on its own: what you pay each month, what it costs over its life, and what paying it down early changes.
The loan
What is borrowed, at what rate, over how long.
USD
≈ 20.0% of the purchase price
Loan amount $232,000
Monthly payment $1,482
Paid off Payment 360
Total interest $301,408
Total paid $533,408
Monthly costs
What owning the property costs on top of the installment.
USD yr
USD yr
USD /mo
Monthly payment
Everything due each month: the installment plus taxes, insurance and fees.
Loan amount
The price less the down payment — what the lender actually finances.
Total interest
Interest paid across the whole life of the loan.
Paid off in
How long the loan actually runs once the extra payments are applied.
Where the monthly payment goes
The installment split from the costs of owning
Per month
- Principal & interest 100.0%
Cash at closing
The down payment plus the closing costs — what you have to bring on the day.
Loan amortization
Principal vs interest paid each year
Remaining balance
What is still owed at the end of each year
Yearly schedule
What each year of the loan pays, and where it leaves the balance
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $2,544 | $15,236 | $229,456 |
| 2 | $2,717 | $15,063 | $226,738 |
| 3 | $2,902 | $14,878 | $223,836 |
| 4 | $3,100 | $14,681 | $220,736 |
| 5 | $3,311 | $14,470 | $217,426 |
| 6 | $3,536 | $14,244 | $213,890 |
| 7 | $3,776 | $14,004 | $210,113 |
| 8 | $4,033 | $13,747 | $206,080 |
| 9 | $4,308 | $13,473 | $201,772 |
| 10 | $4,601 | $13,179 | $197,171 |
| 11 | $4,914 | $12,866 | $192,258 |
| 12 | $5,248 | $12,532 | $187,010 |
| 13 | $5,605 | $12,175 | $181,404 |
| 14 | $5,987 | $11,794 | $175,418 |
| 15 | $6,394 | $11,386 | $169,024 |
| 16 | $6,829 | $10,951 | $162,195 |
| 17 | $7,293 | $10,487 | $154,902 |
| 18 | $7,790 | $9,991 | $147,112 |
| 19 | $8,320 | $9,461 | $138,793 |
| 20 | $8,886 | $8,895 | $129,907 |
| 21 | $9,490 | $8,290 | $120,417 |
| 22 | $10,136 | $7,645 | $110,281 |
| 23 | $10,825 | $6,955 | $99,456 |
| 24 | $11,562 | $6,219 | $87,894 |
| 25 | $12,348 | $5,432 | $75,546 |
| 26 | $13,188 | $4,592 | $62,358 |
| 27 | $14,086 | $3,695 | $48,272 |
| 28 | $15,044 | $2,736 | $33,228 |
| 29 | $16,067 | $1,713 | $17,161 |
| 30 | $17,161 | $620 | $0 |
All figures are editable estimates based on market medians and typical cost ratios — not financial or tax advice.