Loan Details
Home Price
($)
The total purchase price of the home you're considering
Down Payment
The amount of money you'll pay upfront. Can be expressed as a percentage or fixed dollar amount.
%
$
Loan Term
(years)
The length of the mortgage in years. Common terms are 15, 20, or 30 years.
Interest Rate
(%)
The annual interest rate for your mortgage loan
Start Date
Monthly Payment Summary
Estimated Monthly Payment
$2,533.00
| Category | Monthly | Total |
|---|---|---|
| Mortgage Payment | $2,026.00 | $729,360.00 |
| Property Tax | $500.00 | $180,000.00 |
| Home Insurance | $100.00 | $36,000.00 |
| Other Costs | $0.00 | $0.00 |
| Total Out-of-Pocket | $2,626.00 | $945,360.00 |
Payment Breakdown
Loan Balance Over Time
Loan Summary
House Price
$500,000
Loan Amount
$400,000
Down Payment
$100,000
Total Interest Paid
$329,360
Total Mortgage Payments
$729,360
Mortgage Payoff Date
Dec 2053
Amortization Schedule
Annual Schedule
Monthly Schedule
| Year | Date | Interest | Principal | Ending Balance |
|---|
This tool provides estimates for informational purposes only. Consult with a financial advisor for personalized advice. Rates and calculations are estimates and may vary based on individual circumstances.