Mortgage Calculator
Compute monthly payment, total interest, and amortisation. Includes property tax, insurance, HOA, and PMI.
Loan inputs
Down payment
$80,000 (20.0%)
Interest rate (%)
6.50%
Term (years)
30 years
Monthly payment
$2,548
Principal + interest
$2,023
Property tax
$400
Insurance
$125
HOA
$0
PMI (not applied)
$0
Loan summary
Loan amount
$320,000
Total interest
$408,142
Total of payments
$728,142
Principal
$320.0k
Interest
$408.1k
Year-by-year amortisation
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Mortgage Calculator with Tax, Insurance, and PMI
This mortgage calculator works out the full monthly payment on a home loan, not just the principal-and-interest portion. Property taxes, homeowner insurance, HOA dues, and PMI are all added so the figure matches what actually leaves your account each month.
How the numbers are built
- Principal + interest — standard amortisation formula on the loan amount (price minus down payment).
- Property tax — annual amount divided by 12.
- Insurance — annual homeowner insurance divided by 12.
- HOA — directly added each month if your community charges dues.
- PMI — applied automatically when loan-to-value (LTV) exceeds 80%.
Reading the amortisation table
Early years are interest-heavy. Each row shows how much principal you paid down that year, how much went to interest, and the remaining balance at year end. Extra principal payments in those early years deliver the biggest interest savings.