Payment Calculator
Estimate your monthly mortgage payments and see how much you'll pay over the life of your loan.
Adjust Your Loan
$250,000
$10,000
$1,000,000
6.5%
1%
15%
30 Years
5 years
30 years
Total Cost
$568,861
Estimated Monthly Payment
$1,580
Principal & Interest
Principal Amount
$250,000
Total Interest
$318,861
Total Amount Paid
$568,861
This estimate doesn't include property taxes, insurance, or HOA fees.
Amortization Schedule
Monthly payment breakdown over the life of your loan
Yearly Summary
| Year | Principal Paid | Interest Paid | Total Paid | Remaining Balance |
|---|
Monthly Details
| Month | Payment | Principal | Interest | Balance |
|---|
Down Payment Impact
A larger down payment means a smaller loan and lower monthly payments. Aim for 20% to avoid PMI.
Interest Rate Matters
Even a 0.5% difference in rate can save thousands over the life of your loan. Shop around!
Shorter Term = Less Interest
A 15-year mortgage has higher payments but saves significantly on total interest paid.
Ready to take the next step in your home buying journey?