Mortgage Calculator — Monthly Payment with Taxes, Insurance & PMI
Estimate your monthly house payment, total interest and payoff date.
- 100% free
- Nothing is saved
- No sign-up
$80,000
US average is about 0.9%–1.1% of the home's value.
Only applies with less than 20% down.
Optional — pays the loan off faster.
Monthly payment
$2,555.95
- Principal & interest$2,022.62
- Property tax$366.67
- Home insurance$166.67
| Loan amount | $320,000 |
| Total interest | $408,142 |
| Total of all loan payments | $728,142 |
| Paid off in | 30 years |
Amortization schedule by year
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
How to use the Mortgage Calculator tool
- 1
Enter the home price, your down payment and the interest rate.
- 2
Choose the loan term and adjust property tax, insurance, PMI and HOA if needed.
- 3
See your full monthly payment, total interest and the year-by-year amortization schedule.
Frequently asked questions
What is included in a monthly mortgage payment?
Usually principal and interest (P&I), plus property taxes and homeowners insurance collected in escrow (together often called PITI). Many loans also include PMI, and HOA dues may be paid separately.
When do I pay PMI?
Conventional loans with less than 20% down usually require private mortgage insurance, often 0.3%–1.5% of the loan per year. It ends automatically when your balance reaches 78% of the original home value, and you can ask to cancel it at 80%.
How much do extra payments save?
Extra principal payments reduce the balance that interest is charged on. Even $100–$200 a month on a 30-year loan can cut several years off the term and save tens of thousands of dollars in interest — try it with the “Extra principal payment” field.
15-year or 30-year mortgage?
A 15-year loan has a higher monthly payment but a lower rate and far less total interest. A 30-year loan keeps the monthly payment lower and more flexible.