Mortgage Payment Calculator
Calculate your monthly mortgage payment with our free mortgage payment calculator. Get accurate estimates for home loans, including principal, interest, taxes, and insurance (PITI). Perfect for first-time homebuyers and refinancing.
Mortgage Payment Details
Enter your home price, down payment, interest rate, and loan term to calculate your monthly mortgage payment.
📅 Your loan will be paid off in January 2051
Payment Summary
Payment Breakdown
Payment Schedule
| Year | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Dec 2026 | $25,336.17 | $9,509.25 | $15,826.92 | $390,490.75 |
| 2 | Dec 2027 | $25,336.17 | $9,896.67 | $15,439.50 | $380,594.08 |
| 3 | Dec 2028 | $25,336.17 | $10,299.87 | $15,036.29 | $370,294.21 |
| 4 | Dec 2029 | $25,336.17 | $10,719.51 | $14,616.66 | $359,574.70 |
| 5 | Dec 2030 | $25,336.17 | $11,156.24 | $14,179.93 | $348,418.46 |
| 6 | Dec 2031 | $25,336.17 | $11,610.76 | $13,725.41 | $336,807.71 |
| 7 | Dec 2032 | $25,336.17 | $12,083.80 | $13,252.37 | $324,723.91 |
| 8 | Dec 2033 | $25,336.17 | $12,576.11 | $12,760.06 | $312,147.80 |
| 9 | Dec 2034 | $25,336.17 | $13,088.48 | $12,247.69 | $299,059.31 |
| 10 | Dec 2035 | $25,336.17 | $13,621.73 | $11,714.44 | $285,437.59 |
| 11 | Dec 2036 | $25,336.17 | $14,176.70 | $11,159.47 | $271,260.89 |
| 12 | Dec 2037 | $25,336.17 | $14,754.28 | $10,581.89 | $256,506.61 |
| 13 | Dec 2038 | $25,336.17 | $15,355.39 | $9,980.78 | $241,151.22 |
| 14 | Dec 2039 | $25,336.17 | $15,980.99 | $9,355.18 | $225,170.23 |
| 15 | Dec 2040 | $25,336.17 | $16,632.08 | $8,704.09 | $208,538.15 |
| 16 | Dec 2041 | $25,336.17 | $17,309.70 | $8,026.47 | $191,228.45 |
| 17 | Dec 2042 | $25,336.17 | $18,014.92 | $7,321.25 | $173,213.53 |
| 18 | Dec 2043 | $25,336.17 | $18,748.88 | $6,587.29 | $154,464.65 |
| 19 | Dec 2044 | $25,336.17 | $19,512.74 | $5,823.43 | $134,951.91 |
| 20 | Dec 2045 | $25,336.17 | $20,307.72 | $5,028.45 | $114,644.20 |
| 21 | Dec 2046 | $25,336.17 | $21,135.08 | $4,201.09 | $93,509.11 |
| 22 | Dec 2047 | $25,336.17 | $21,996.16 | $3,340.01 | $71,512.95 |
| 23 | Dec 2048 | $25,336.17 | $22,892.32 | $2,443.85 | $48,620.64 |
| 24 | Dec 2049 | $25,336.17 | $23,824.98 | $1,511.18 | $24,795.65 |
| 25 | Dec 2050 | $25,336.17 | $24,795.65 | $540.52 | $0.00 |
How to Use Our Mortgage Calculator
📊 Calculate Your Payment
Enter your home price, down payment, interest rate, and loan term to get an accurate estimate of your monthly mortgage payment. Our calculator includes principal and interest calculations.
- Adjust home price from $50K to $2M
- Set down payment from 3% to 50%
- Interest rates from 1% to 15%
- Loan terms from 5 to 40 years
🏠 Understanding Mortgages
A mortgage is a loan used to purchase real estate. The property serves as collateral for the loan. Most mortgages require a down payment and are repaid over 15-30 years.
- Fixed-rate vs. adjustable-rate mortgages
- FHA, VA, and conventional loans
- Private mortgage insurance (PMI)
- Property taxes and homeowners insurance
💡 Mortgage Tips for Homebuyers
- Shop around: Compare rates from multiple lenders to find the best deal
- Improve your credit: Higher credit scores typically qualify for better interest rates
- Save for down payment: 20% down payment helps avoid PMI and reduces monthly payments
- Consider total costs: Factor in property taxes, insurance, and maintenance costs
- Get pre-approved: Pre-approval shows sellers you're a serious buyer
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