Home finance
Estimate principal, interest, taxes, insurance, and the impact of paying extra on a fixed-rate mortgage.
Amortization preview
The preview uses the extra-payment path when an extra amount is entered.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $2,272.62 | $1,733.33 | $539.28 | $319,460.72 |
| 2 | $2,272.62 | $1,730.41 | $542.21 | $318,918.51 |
| 3 | $2,272.62 | $1,727.48 | $545.14 | $318,373.37 |
| 4 | $2,272.62 | $1,724.52 | $548.10 | $317,825.27 |
| 5 | $2,272.62 | $1,721.55 | $551.06 | $317,274.21 |
| 6 | $2,272.62 | $1,718.57 | $554.05 | $316,720.16 |
| 7 | $2,272.62 | $1,715.57 | $557.05 | $316,163.11 |
| 8 | $2,272.62 | $1,712.55 | $560.07 | $315,603.04 |
| 9 | $2,272.62 | $1,709.52 | $563.10 | $315,039.94 |
| 10 | $2,272.62 | $1,706.47 | $566.15 | $314,473.79 |
| 11 | $2,272.62 | $1,703.40 | $569.22 | $313,904.57 |
| 12 | $2,272.62 | $1,700.32 | $572.30 | $313,332.27 |
Planning estimate only. Actual lender payments, escrow, PMI, closing costs, and payoff figures depend on your loan documents and local rules.
What this model includes
The calculator separates principal and interest from recurring housing costs so you can see both the loan payment and a more realistic monthly budget. Add an extra principal amount to compare the standard schedule with an accelerated payoff path.
Model assumptions
This is a fixed-rate monthly amortization model. Entered financed lender fees are added to the loan balance; property taxes, insurance, PMI, and HOA dues remain recurring estimates outside the balance.
Planning estimate only. Actual lender payments, escrow, PMI, closing costs, and payoff figures depend on your loan documents and local rules.
Frequently asked questions
Yes. Enter them in the recurring-cost fields to include them in the estimated monthly housing payment. They are shown separately from principal and interest.
No. PMI depends on credit, loan-to-value ratio, insurer, and lender rules. Enter the monthly estimate supplied by your lender.
The extra amount is applied to principal after the scheduled payment. It can shorten the amortization period and reduce total interest.
No. The calculator assumes one fixed annual rate for the full term. Use your lender's projections for an ARM or changing escrow account.
Estimates principal and interest, recurring housing costs, total interest, and the effect of extra principal payments.
Homebuyers comparing fixed-rate mortgage offers and planning a realistic monthly housing budget.
The model starts with home price minus down payment, adds financed lender fees, calculates fixed-rate monthly amortization, and then adds recurring housing costs.
It does not model adjustable rates, lender-specific PMI quotes, escrow changes, closing-cost rules, or actual tax and insurance invoices.
Yes. Enter them in the recurring-cost fields to include them in the estimated monthly housing payment. They are shown separately from principal and interest.
No. PMI depends on credit, loan-to-value ratio, insurer, and lender rules. Enter the monthly estimate supplied by your lender.
The extra amount is applied to principal after the scheduled payment. It can shorten the amortization period and reduce total interest.
No. The calculator assumes one fixed annual rate for the full term. Use your lender's projections for an ARM or changing escrow account.
Quick jumps
Home finance
Estimate principal, interest, taxes, insurance, and the impact of paying extra on a fixed-rate mortgage.
Amortization preview
The preview uses the extra-payment path when an extra amount is entered.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $2,272.62 | $1,733.33 | $539.28 | $319,460.72 |
| 2 | $2,272.62 | $1,730.41 | $542.21 | $318,918.51 |
| 3 | $2,272.62 | $1,727.48 | $545.14 | $318,373.37 |
| 4 | $2,272.62 | $1,724.52 | $548.10 | $317,825.27 |
| 5 | $2,272.62 | $1,721.55 | $551.06 | $317,274.21 |
| 6 | $2,272.62 | $1,718.57 | $554.05 | $316,720.16 |
| 7 | $2,272.62 | $1,715.57 | $557.05 | $316,163.11 |
| 8 | $2,272.62 | $1,712.55 | $560.07 | $315,603.04 |
| 9 | $2,272.62 | $1,709.52 | $563.10 | $315,039.94 |
| 10 | $2,272.62 | $1,706.47 | $566.15 | $314,473.79 |
| 11 | $2,272.62 | $1,703.40 | $569.22 | $313,904.57 |
| 12 | $2,272.62 | $1,700.32 | $572.30 | $313,332.27 |
Planning estimate only. Actual lender payments, escrow, PMI, closing costs, and payoff figures depend on your loan documents and local rules.
What this model includes
The calculator separates principal and interest from recurring housing costs so you can see both the loan payment and a more realistic monthly budget. Add an extra principal amount to compare the standard schedule with an accelerated payoff path.
Model assumptions
This is a fixed-rate monthly amortization model. Entered financed lender fees are added to the loan balance; property taxes, insurance, PMI, and HOA dues remain recurring estimates outside the balance.
Planning estimate only. Actual lender payments, escrow, PMI, closing costs, and payoff figures depend on your loan documents and local rules.
Frequently asked questions
Yes. Enter them in the recurring-cost fields to include them in the estimated monthly housing payment. They are shown separately from principal and interest.
No. PMI depends on credit, loan-to-value ratio, insurer, and lender rules. Enter the monthly estimate supplied by your lender.
The extra amount is applied to principal after the scheduled payment. It can shorten the amortization period and reduce total interest.
No. The calculator assumes one fixed annual rate for the full term. Use your lender's projections for an ARM or changing escrow account.
Estimates principal and interest, recurring housing costs, total interest, and the effect of extra principal payments.
Homebuyers comparing fixed-rate mortgage offers and planning a realistic monthly housing budget.
The model starts with home price minus down payment, adds financed lender fees, calculates fixed-rate monthly amortization, and then adds recurring housing costs.
It does not model adjustable rates, lender-specific PMI quotes, escrow changes, closing-cost rules, or actual tax and insurance invoices.
Yes. Enter them in the recurring-cost fields to include them in the estimated monthly housing payment. They are shown separately from principal and interest.
No. PMI depends on credit, loan-to-value ratio, insurer, and lender rules. Enter the monthly estimate supplied by your lender.
The extra amount is applied to principal after the scheduled payment. It can shorten the amortization period and reduce total interest.
No. The calculator assumes one fixed annual rate for the full term. Use your lender's projections for an ARM or changing escrow account.
Quick jumps