US Mortgage Calculator

Calculate your monthly mortgage payment with principal, interest, property tax, insurance and PMI. Compare 15 and 30 year terms and see amortisation milestones.

Disclaimer

This is an estimate. Your actual payment may differ due to property taxes, insurance, HOA fees, and other costs. Consult a mortgage professional.

US Mortgage Calculator

Home Price ($)

Down Payment

Interest Rate (% annual)

Loan Term

Annual Property Tax Rate (%)

Typical US average: 1.1%

Annual Home Insurance ($)

Monthly PMI (if applicable) ($)

No PMI needed with 20%+ down payment

Monthly Payment (P&I)

$1,516.96

Total Monthly Payment

$1,891.96

Including tax, insurance, PMI

Total Interest Paid

$306,106.77

Over 30 years

Monthly Payment Breakdown

Principal + Interest$1,516.96

Property Tax$275.00

Home Insurance$100.00

TOTAL MONTHLY$1,891.96

Loan Summary

Home Price$300,000.00

Down Payment (20.0%)$60,000.00

Loan Amount$240,000.00

Interest Rate6.5%

Loan Term30 years

Total Interest Paid$306,106.77

Total Property Tax$99,000.00

Total Insurance$36,000.00

TOTAL COST$681,106.77

Amortization Milestones

Year	Principal Paid	Interest Paid	Balance
1	$2,682.54	$15,521.02	$237,317.46
5	$15,333.65	$75,684.14	$224,666.35
10	$36,537.30	$145,498.29	$203,462.70
15	$65,858.06	$207,195.33	$174,141.94
30	$240,000.00	$306,106.77	$0.00

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