Mortgage Calculator
Calculate your monthly payments with interactive charts and detailed amortization schedule
Loan Details
Enter your mortgage information
Monthly Payment
$0
Loan Amount
$0
Total Interest
$0
Down Payment %
20.0%
Monthly Payment Breakdown
Distribution of your monthly payment
Loan Balance Over Time
Principal vs Interest payments
Amortization Schedule
Detailed monthly payment breakdown for the first year
| Month | Payment | Principal | Interest | Balance |
|---|
Mortgage Tips
- Increase Down Payment: A larger down payment reduces your loan amount and can help you avoid PMI.
- Lower Interest Rate: Even a small reduction in interest rate can save you tens of thousands over the life of the loan.
- Shorter Loan Term: A 15-year mortgage typically has a lower interest rate and saves significant interest.
- Extra Payments: Paying extra principal each month can drastically reduce your total interest paid.
- Refinance: Consider refinancing if interest rates drop significantly or your credit score improves.