Mortgage Calculator
True monthly payment including taxes, insurance and PMI — plus a full year-by-year amortization schedule.
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Total monthly payment
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Principal & interest
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Taxes + insurance + PMI
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Loan amount
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Total interest paid
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Total cost of loan
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Amortization schedule (yearly)
| Year | Principal paid | Interest paid | Balance |
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Frequently asked questions
How is the monthly payment calculated?
Principal & interest use the standard amortization formula P × r / (1 − (1+r)−n); taxes, insurance, PMI and HOA are added on top.
When does PMI go away?
On conventional loans PMI can be removed at 80% loan-to-value and must be removed at 78%. This calculator applies PMI only when your down payment is under 20%.
15-year vs 30-year — which is better?
A 15-year term roughly halves total interest but raises the monthly payment ~35–45%. Change the term above to compare instantly.