MortgageMortgage Payment Calculator
Enter your loan details below to estimate your monthly payment and total cost.
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Estimated Monthly Payment
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principal, interest, tax & insurance
Loan Amount
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Principal & Interest
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Monthly Property Tax
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Monthly Insurance
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Total Interest Paid
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Total Loan Cost
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What's in my monthly payment?
Your payment typically covers four things: principal (paying down the loan), interest (the lender's fee), property taxes, and homeowner's insurance. Lenders often call this "PITI."
How does interest rate affect cost?
Even a small rate difference adds up over 30 years. A half-percent lower rate on a $280k loan can save you over $30,000 in interest. It's worth shopping around with a few lenders.
Should I choose 15 or 30 years?
A 15-year loan has a higher monthly payment but you'll pay dramatically less interest overall. A 30-year gives you more breathing room month to month. Run both scenarios above to compare.