Mortgage Payment Calculator
Buying a home means more than the sticker price. This calculator breaks down your estimated monthly payment — principal, interest, property taxes, insurance, and optional PMI — and shows how your loan balance shrinks over time.
Total Monthly Payment
$2,622.62
Principal & Interest
$2,022.62
Taxes, Insurance & Fees
$600.00
Total Interest (Life of Loan)
$408,142
First payment breakdown
Principal: $289.28
Interest: $1,733.33
Remaining balance: $319,711
Year 1 totals
Principal paid: $3,577
Interest paid: $20,695
All-in (P&I + escrow): $31,471
30-year loan summary
Total principal and interest over the full loan term
Total principal paid: $320,000
Total interest paid: $408,142
Total mortgage payments: $728,142
Loan payoff over time
Annual principal vs. interest (left axis) and remaining balance (right axis)
Estimates assume a fixed-rate loan with monthly payments. Actual lender quotes, escrow requirements, and PMI rules vary. Use this as a planning tool, not a loan offer. Read the newsletter for more on housing decisions and the true cost of ownership.