Mortgage calculator
Enter the home price, down payment, rate and term — we calculate your loan amount, monthly payment and total interest over the life of the mortgage.
Loan amount
$280,000.00
Monthly payment
$1,769.79
Total paid
$637,124.57
Total interest
$357,124.57
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Balance over time
$030 yr
| Year | Start balance | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|---|
| 1 | $280,000.00 | $3,129.63 | $18,107.85 | $276,870.37 |
| 2 | $276,870.37 | $3,339.23 | $17,898.26 | $273,531.14 |
| 3 | $273,531.14 | $3,562.86 | $17,674.62 | $269,968.28 |
| 4 | $269,968.28 | $3,801.47 | $17,436.01 | $266,166.80 |
| 5 | $266,166.80 | $4,056.07 | $17,181.42 | $262,110.74 |
| 6 | $262,110.74 | $4,327.71 | $16,909.78 | $257,783.03 |
| 7 | $257,783.03 | $4,617.54 | $16,619.94 | $253,165.49 |
| 8 | $253,165.49 | $4,926.79 | $16,310.70 | $248,238.70 |
| 9 | $248,238.70 | $5,256.74 | $15,980.74 | $242,981.95 |
| 10 | $242,981.95 | $5,608.80 | $15,628.69 | $237,373.15 |
| 11 | $237,373.15 | $5,984.43 | $15,253.06 | $231,388.72 |
| 12 | $231,388.72 | $6,385.22 | $14,852.27 | $225,003.51 |
| 13 | $225,003.51 | $6,812.85 | $14,424.64 | $218,190.66 |
| 14 | $218,190.66 | $7,269.12 | $13,968.37 | $210,921.54 |
| 15 | $210,921.54 | $7,755.94 | $13,481.54 | $203,165.60 |
| 16 | $203,165.60 | $8,275.37 | $12,962.11 | $194,890.22 |
| 17 | $194,890.22 | $8,829.59 | $12,407.89 | $186,060.63 |
| 18 | $186,060.63 | $9,420.92 | $11,816.56 | $176,639.71 |
| 19 | $176,639.71 | $10,051.86 | $11,185.62 | $166,587.84 |
| 20 | $166,587.84 | $10,725.05 | $10,512.43 | $155,862.79 |
| 21 | $155,862.79 | $11,443.33 | $9,794.16 | $144,419.46 |
| 22 | $144,419.46 | $12,209.71 | $9,027.77 | $132,209.75 |
| 23 | $132,209.75 | $13,027.42 | $8,210.07 | $119,182.33 |
| 24 | $119,182.33 | $13,899.89 | $7,337.60 | $105,282.44 |
| 25 | $105,282.44 | $14,830.79 | $6,406.70 | $90,451.65 |
| 26 | $90,451.65 | $15,824.04 | $5,413.45 | $74,627.62 |
| 27 | $74,627.62 | $16,883.80 | $4,353.69 | $57,743.82 |
| 28 | $57,743.82 | $18,014.54 | $3,222.95 | $39,729.28 |
| 29 | $39,729.28 | $19,221.01 | $2,016.48 | $20,508.27 |
| 30 | $20,508.27 | $20,508.27 | $729.21 | $0.00 |
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How this is calculated
Your down payment reduces the loan amount (price minus down payment), and the rest amortizes like any fixed-rate loan: same payment every month, with the interest/principal split shifting over the term. This doesn't include property taxes, insurance or HOA fees — only principal and interest.
This is an educational estimate, not financial advice.