Mortgage Calculator
Calculate your monthly mortgage payment, total interest, and view amortization schedule. Free mortgage calculator with down payment and PMI options.
Loan Details
$
%
$70,000.00
$280,000.00
%
Additional Costs (Optional)
$
$
$
$
Monthly Payment
Principal & Interest
$1,769.79
Property Tax
$291.67
Insurance
$116.67
Total Monthly Payment
$2,178.12
Loan Summary
Total of Payments
$637,124.57
Total Interest Paid
$357,124.57
Payoff Date
1/8/2056
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,129.63 | $18,107.85 | $276,870.37 |
| 2 | $3,339.23 | $17,898.26 | $273,531.14 |
| 3 | $3,562.86 | $17,674.62 | $269,968.28 |
| 4 | $3,801.47 | $17,436.01 | $266,166.80 |
| 5 | $4,056.07 | $17,181.42 | $262,110.74 |
Mortgage Tips
A 20% down payment eliminates PMI and can save you thousands over the life of your loan.
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