Mortgage Calculator
Calculate your monthly mortgage payment including taxes and insurance
Loan Summary
Monthly Payment
$2,219.79
Principal, interest, taxes, insurance
Loan Amount
$280,000.00
80.00% of home price
Monthly Payment Breakdown
Payment Components
Principal & Interest$1,769.79
Property Tax$350.00
Home Insurance$100.00
Total Monthly$2,219.79
Loan Details
Home Price
$350,000.00
Down Payment
$70,000.00
20.0%
Interest Rate
6.5%
Loan Term
30 years
Total Cost
Total of All Payments
$799,124.57
Total Interest Paid
$357,124.57
$
$
20.0% of home price
%
years
Range: 10 - 30
$
$
$
Not required (20%+ down)
Monthly Payment
$2,219.79
Principal, interest, taxes, insurance
Loan Amount
$280,000.00
80.00% of home price
Monthly Payment Breakdown
Principal & Interest$1,769.79
Property Tax$350.00
Home Insurance$100.00
Total Monthly$2,219.79
Total of All Payments
$799,124.57
Total Interest Paid
$357,124.57
Calculator Assumptions
- Interest rate: Fixed rate assumed for entire loan term; ARMs will vary
- PMI: Typically required with less than 20% down; auto-cancels at 78% LTV (not modeled)
- Property tax: Assumed constant; actual rates change annually and vary by jurisdiction
- Insurance: Homeowners insurance assumed constant; may increase over time
- HOA fees: Not included; add separately if applicable
- Maintenance: Not included; budget 1-2% of home value annually
- Closing costs: Not included; typically 2-5% of loan amount
Related Tools
Amortization Calculator
Generate loan amortization schedules
Home Affordability Calculator
Calculate how much home you can afford
Refinance Calculator
Compare refinancing options
Closing Costs Calculator
Estimate home closing costs
Property Tax Calculator
Calculate property tax payments
Compound Interest Calculator
Calculate how investments grow over time