Finance calculators
Estimate your monthly mortgage payment, total interest, and annual payoff schedule with taxes, insurance, and HOA fees.
Your estimate
Year by year
See how each year's payments are divided between principal and interest.
| Year | Starting balance | Principal | Interest | Ending balance |
|---|---|---|---|---|
| 1 | $280,000 | $3,130 | $18,108 | $276,870 |
| 2 | $276,870 | $3,339 | $17,898 | $273,531 |
| 3 | $273,531 | $3,563 | $17,675 | $269,968 |
| 4 | $269,968 | $3,801 | $17,436 | $266,167 |
| 5 | $266,167 | $4,056 | $17,181 | $262,111 |
| 6 | $262,111 | $4,328 | $16,910 | $257,783 |
| 7 | $257,783 | $4,618 | $16,620 | $253,165 |
| 8 | $253,165 | $4,927 | $16,311 | $248,239 |
| 9 | $248,239 | $5,257 | $15,981 | $242,982 |
| 10 | $242,982 | $5,609 | $15,629 | $237,373 |
| 11 | $237,373 | $5,984 | $15,253 | $231,389 |
| 12 | $231,389 | $6,385 | $14,852 | $225,004 |
| 13 | $225,004 | $6,813 | $14,425 | $218,191 |
| 14 | $218,191 | $7,269 | $13,968 | $210,922 |
| 15 | $210,922 | $7,756 | $13,482 | $203,166 |
| 16 | $203,166 | $8,275 | $12,962 | $194,890 |
| 17 | $194,890 | $8,830 | $12,408 | $186,061 |
| 18 | $186,061 | $9,421 | $11,817 | $176,640 |
| 19 | $176,640 | $10,052 | $11,186 | $166,588 |
| 20 | $166,588 | $10,725 | $10,512 | $155,863 |
| 21 | $155,863 | $11,443 | $9,794 | $144,419 |
| 22 | $144,419 | $12,210 | $9,028 | $132,210 |
| 23 | $132,210 | $13,027 | $8,210 | $119,182 |
| 24 | $119,182 | $13,900 | $7,338 | $105,282 |
| 25 | $105,282 | $14,831 | $6,407 | $90,452 |
| 26 | $90,452 | $15,824 | $5,413 | $74,628 |
| 27 | $74,628 | $16,884 | $4,354 | $57,744 |
| 28 | $57,744 | $18,015 | $3,223 | $39,729 |
| 29 | $39,729 | $19,221 | $2,016 | $20,508 |
| 30 | $20,508 | $20,508 | $729 | $0 |
Estimate only. This calculator is educational and is not financial advice or a loan offer. It excludes PMI, closing costs, lender fees, and changes to taxes or insurance.
How to use it
Understanding the result
Early payments on a typical fixed-rate loan contain more interest. As the balance falls, more of each principal-and-interest payment reduces the loan. Taxes, insurance, and HOA fees do not reduce the principal.
Common questions
The calculator amortizes the loan principal over the selected term using the monthly interest rate, then adds monthly estimates for property tax, home insurance, and HOA fees.
No. PMI, mortgage insurance premiums, closing costs, lender fees, and changing escrow amounts are not included.
Yes. Enter the proposed refinance balance, rate, and term, but compare the estimate with closing costs and lender disclosures before making a decision.
The loan principal is divided evenly across all monthly payments. Taxes, insurance, and HOA fees are still added separately.
How to use it
Useful for
Examples
Know before you start
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