| Year | Principal | Interest | Balance |
|---|---|---|---|
Enter loan details to see schedule | |||
See your complete monthly payment — principal, interest, property taxes, home insurance, PMI and HOA — not just principal and interest. Toggle the extra fields to match your real costs.
A year-by-year table shows how much of each payment goes to principal versus interest, and how your balance shrinks over the life of the loan.
Every number updates live as you type. Change the down payment, rate or term and immediately see the effect on your monthly payment and total interest.
All math runs in your browser with no server calls. Your income, home price and loan details are never uploaded, and the tool works offline once loaded.
Your principal and interest payment uses the standard amortization formula M = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments (years × 12). The calculator then adds monthly property tax, insurance, PMI and HOA fees for your full payment.
The total (PITI) includes Principal, Interest, property Taxes and Insurance, plus optional PMI and HOA dues. Principal and interest stay fixed on a fixed-rate loan; taxes, insurance and HOA can change over time.
Lenders usually require private mortgage insurance (PMI) when your down payment is under 20% of the home price. PMI typically costs 0.3%–1.5% of the loan per year and can be removed once you reach about 20% equity.
No. The entire calculation runs locally in your browser with no server calls. Nothing you type is uploaded, so it is safe for sensitive figures and works offline once the page has loaded.
A larger down payment, a lower interest rate, or a longer term all reduce the monthly amount. Note that a longer term lowers the payment but increases total interest paid — use the schedule to compare total cost.
This mortgage calculator provides estimates for general informational purposes only and is not financial advice. Actual loan terms, rates, taxes and insurance depend on your lender and location. Verify all figures with a qualified mortgage professional before making decisions.