Mortgage Calculator

Estimate monthly mortgage payments including principal, interest, taxes, and insurance (PITI).

Mortgage Details

Home Value

Down Payment

Down Payment (%)

Interest Rate

Loan Term

15 Years

20 Years

30 Years

Taxes, Insurance & Fees

Property Tax (Annual)

Home Insurance (Annual)

PMI (Annual % - standard 0.75% if down payment < 20%)

Estimated Monthly Payment

$0.00

Principal & Interest loan amount: $0

Payment Breakdown

Principal & Interest

$0.00

Property Taxes

$0.00

Home Insurance

$0.00

PMI (Private Insurance)

$0.00

P & I: $2,022.62 (80%)

Taxes: $400.00 (16%)

Insurance: $100.00 (4%)

Amortization Schedule (Yearly) [Click to Expand]

Year	Beginning Balance	Total Payment	Principal Paid	Interest Paid	Remaining Balance
Year 1	$320,000	$24,271	$3,577	$20,695	$316,423
Year 2	$316,423	$24,271	$3,816	$20,455	$312,607
Year 3	$312,607	$24,271	$4,072	$20,200	$308,535
Year 4	$308,535	$24,271	$4,345	$19,927	$304,191
Year 5	$304,191	$24,271	$4,636	$19,636	$299,555
Year 6	$299,555	$24,271	$4,946	$19,325	$294,609
Year 7	$294,609	$24,271	$5,277	$18,994	$289,332
Year 8	$289,332	$24,271	$5,631	$18,641	$283,701
Year 9	$283,701	$24,271	$6,008	$18,264	$277,694
Year 10	$277,694	$24,271	$6,410	$17,861	$271,284
Year 11	$271,284	$24,271	$6,839	$17,432	$264,444
Year 12	$264,444	$24,271	$7,297	$16,974	$257,147
Year 13	$257,147	$24,271	$7,786	$16,485	$249,361
Year 14	$249,361	$24,271	$8,308	$15,964	$241,053
Year 15	$241,053	$24,271	$8,864	$15,407	$232,189
Year 16	$232,189	$24,271	$9,458	$14,814	$222,732
Year 17	$222,732	$24,271	$10,091	$14,180	$212,641
Year 18	$212,641	$24,271	$10,767	$13,505	$201,874
Year 19	$201,874	$24,271	$11,488	$12,784	$190,386
Year 20	$190,386	$24,271	$12,257	$12,014	$178,129
Year 21	$178,129	$24,271	$13,078	$11,193	$165,051
Year 22	$165,051	$24,271	$13,954	$10,317	$151,097
Year 23	$151,097	$24,271	$14,888	$9,383	$136,208
Year 24	$136,208	$24,271	$15,886	$8,386	$120,323
Year 25	$120,323	$24,271	$16,949	$7,322	$103,373
Year 26	$103,373	$24,271	$18,085	$6,187	$85,289
Year 27	$85,289	$24,271	$19,296	$4,976	$65,993
Year 28	$65,993	$24,271	$20,588	$3,683	$45,405
Year 29	$45,405	$24,271	$21,967	$2,305	$23,438
Year 30	$23,438	$24,271	$23,438	$833	$0

How to Use the Mortgage Calculator & Estimate PITI

A standard monthly housing payment consists of four core elements: Principal (reducing the loan balance), Interest (the lender's fee), Taxes (local property taxes, typically escrowed), and Insurance (homeowners hazard coverage and private mortgage insurance if your down payment is under 20%). If you are planning to purchase a home, tracking your Debt-to-Income (DTI) ratio is critical to determine how much a lender will approve.

Use this tool to model extra payments to see how much interest you can save over the lifetime of your loan. To explore other financing and credit options, analyze car payments with our Auto & Personal Loan Calculator or project your long-term wealth building with our Investment Growth Calculator.

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