Real estate calculator
Editor
Review the home price, down payment, monthly ownership costs, and optional extra payments in one calm form. The payment estimate, chart, and amortization schedule update live as you compare scenarios.
Start with the home and loan details, then layer in taxes, insurance, PMI, and optional extra payments for a more realistic estimate.
Home and loan details
These are the main assumptions that determine the mortgage amount and the required principal-and-interest payment.
Estimated loan amount: $320,000 with 20% down.
Estimated monthly ownership costs
These costs help turn the core loan payment into a more realistic monthly mortgage estimate.
PMI is estimated only when the starting loan balance is above 80% of the home price. Actual lender rules, automatic cancellation timing, and escrow handling can vary.
Optional extra payments
Use extra principal payments to compare the standard payoff path with a faster mortgage payoff strategy.
Extra payments go toward principal in this estimate, which can reduce future interest and shorten the payoff timeline.
Timeline
Add a start date if you want the payoff cards, chart labels, and amortization table to show calendar dates.
This calculator estimates a fixed-rate mortgage payment. It is helpful for planning, but it is not a lender quote or a full underwriting approval.
Results
Estimated total monthly mortgage payment
$2,625.51
Monthly principal & interest
$2,075.51
Monthly property tax estimate
$400.00
Monthly homeowners insurance
$150.00
Monthly HOA fee
$0.00
Monthly PMI amount
$0.00
Total interest paid
$427,187.99
Total principal + interest paid
$747,187.99
Estimated payoff date
Jun 11, 2056
| Payment | Date | Payment amount | Principal | Interest | Extra payment | Remaining balance |
|---|---|---|---|---|---|---|
| 1 | Jun 11, 2026 | $2,075.51 | $275.51 | $1,800.00 | $0.00 | $319,724.49 |
| 2 | Jul 11, 2026 | $2,075.51 | $277.06 | $1,798.45 | $0.00 | $319,447.43 |
| 3 | Aug 11, 2026 | $2,075.51 | $278.62 | $1,796.89 | $0.00 | $319,168.81 |
| 4 | Sep 11, 2026 | $2,075.51 | $280.19 | $1,795.32 | $0.00 | $318,888.62 |
| 5 | Oct 11, 2026 | $2,075.51 | $281.76 | $1,793.75 | $0.00 | $318,606.86 |
| 6 | Nov 11, 2026 | $2,075.51 | $283.35 | $1,792.16 | $0.00 | $318,323.51 |
| 7 | Dec 11, 2026 | $2,075.51 | $284.94 | $1,790.57 | $0.00 | $318,038.57 |
| 8 | Jan 11, 2027 | $2,075.51 | $286.54 | $1,788.97 | $0.00 | $317,752.03 |
| 9 | Feb 11, 2027 | $2,075.51 | $288.15 | $1,787.36 | $0.00 | $317,463.88 |
| 10 | Mar 11, 2027 | $2,075.51 | $289.78 | $1,785.73 | $0.00 | $317,174.10 |
| 11 | Apr 11, 2027 | $2,075.51 | $291.41 | $1,784.10 | $0.00 | $316,882.69 |
| 12 | May 11, 2027 | $2,075.51 | $293.04 | $1,782.47 | $0.00 | $316,589.65 |
| 13 | Jun 11, 2027 | $2,075.51 | $294.69 | $1,780.82 | $0.00 | $316,294.96 |
| 14 | Jul 11, 2027 | $2,075.51 | $296.35 | $1,779.16 | $0.00 | $315,998.61 |
| 15 | Aug 11, 2027 | $2,075.51 | $298.02 | $1,777.49 | $0.00 | $315,700.59 |
| 16 | Sep 11, 2027 | $2,075.51 | $299.69 | $1,775.82 | $0.00 | $315,400.90 |
| 17 | Oct 11, 2027 | $2,075.51 | $301.38 | $1,774.13 | $0.00 | $315,099.52 |
| 18 | Nov 11, 2027 | $2,075.51 | $303.08 | $1,772.43 | $0.00 | $314,796.44 |
| 19 | Dec 11, 2027 | $2,075.51 | $304.78 | $1,770.73 | $0.00 | $314,491.66 |
| 20 | Jan 11, 2028 | $2,075.51 | $306.49 | $1,769.02 | $0.00 | $314,185.17 |
| 21 | Feb 11, 2028 | $2,075.51 | $308.22 | $1,767.29 | $0.00 | $313,876.95 |
| 22 | Mar 11, 2028 | $2,075.51 | $309.95 | $1,765.56 | $0.00 | $313,567.00 |
| 23 | Apr 11, 2028 | $2,075.51 | $311.70 | $1,763.81 | $0.00 | $313,255.30 |
| 24 | May 11, 2028 | $2,075.51 | $313.45 | $1,762.06 | $0.00 | $312,941.85 |
Showing 1-24 of 361 payments
How it works
A mortgage calculator estimates the monthly payment for a home loan using the home price, down payment, interest rate, and loan term. It can also show the loan amount, total interest, payoff timing, and the amortization schedule behind the estimate.
The most basic mortgage payment is principal and interest. Many real monthly housing payments also include property taxes, homeowners insurance, HOA dues, and sometimes PMI. That is why this mortgage payment calculator includes those ownership costs directly in the estimate.
Principal and interest repay the loan itself. Total monthly housing cost is broader because it adds recurring ownership costs that do not reduce the mortgage balance. Seeing both numbers can make the monthly budget much easier to plan realistically.
Property taxes and homeowners insurance can add hundreds of dollars per month beyond principal and interest. HOA dues raise the monthly cost without affecting the payoff path. PMI can also increase the payment when the down payment is smaller, although actual lender PMI rules vary.
A larger down payment reduces the amount borrowed, which often lowers the monthly payment and total interest paid. Extra principal payments can push the balance down faster, which may shorten the payoff timeline and reduce lifetime borrowing cost.
Real mortgage offers can vary based on loan type, lender pricing, taxes, insurance premiums, PMI rules, escrow practices, and closing details. Use this mortgage calculator with taxes and insurance as a planning estimate, not as a final lender disclosure or underwriting approval.
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