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Mortgage Calculator : Home Loan Payments, Escrow & Amortization

Estimate your complete monthly housing expense. Factor in your home purchase price, down payment, mortgage interest rate, loan term, and optional property tax and insurance escrows.

Interactive Calculator

100% Client-Side Engine
%
yrs
%
Estimated Total Monthly Payment (PITI)
$2,522.62 / mo
Principal & Interest
$2,022.62/mo
Property Taxes
$400/mo
Home Insurance
$100/mo
PMI (if <20% down)
$0/mo
Financed Loan Amount
$320,000
Down Payment (20%)
$80,000
Lifetime Loan Interest
$408,142.36

Step-by-Step Examples

$400,000 Home with 20% Down for 30 Years at 6.5%

Conventional 30-year fixed mortgage.

Inputs: Home Price: $400,000, Down Payment: $80,000 (20%), Rate: 6.5%, Term: 30 Years
Result: P&I Payment: $2,022.62/mo, Total Loan Interest: $408,143.95

Financing $320,000 over 30 years results in $2,022.62/mo in principal and interest.

How to Use This Tool

  1. Enter home purchase price.
  2. Input cash down payment amount or percentage.
  3. Enter mortgage interest rate (APR).
  4. Specify mortgage term (typically 15 or 30 years).
  5. Optionally adjust property tax, insurance, and PMI estimates.

Frequently Asked Questions

PITI stands for Principal, Interest, Taxes, and Insurance. It represents the comprehensive monthly cost of owning a mortgaged property.