Plan With Confidence
Mortgage Calculator
Estimate your monthly payment with current rates — explore amortization, affordability, and term comparisons in real time.
Step One
Your Numbers
$
$100,000
%
%
$
$
$
Estimated Monthly Payment
$3,607
Per Month
$3,607
Principal & Interest$2,528
Property Tax$929
Home Insurance$150
Over 30 Years
Down Payment$100,000
Loan Amount (Principal)$400,000
Total Interest Paid$510,178
Total Property Tax$334,500
Total Home Insurance$54,000
Total Cost$1,398,678
Loan Amortization
How your balance shrinks
Interest PaidPrincipal PaidBalance
Affordability
Is this in range?
29%
of monthly income
Standard
Conservative — 28% or less of monthly income
Standard — 28-36% (industry guideline)
Stretched — above 36%
Term Comparison
30-year vs 15-year
30 Year
6.500%
Monthly P&I
$2,528
Total Monthly (PITI)
$3,607
Total Interest
$510,178
15 Year
5.800%
Monthly P&I
$3,332
Total Monthly (PITI)
$4,412
Total Interest
$199,825
Choosing the 15-year saves $310,353 in lifetime interest, but raises monthly P&I by $804.
Next Step
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