Mortgage Calculator
Calculate your monthly mortgage payments or discover what home price you can afford with our comprehensive mortgage tools.
Calculate Monthly Payment
Additional Costs
Payment Summary
$500,000
Home Price
$2,806
Total Monthly
Property Tax
$250/mo
Insurance
$100/mo
Down Payment
20.0%
Loan Amount
$400,000
$736,905
Total Payments
$336,905
Total Interest
25
Years
Payment Breakdown Over Time
Principal
Interest
Year 1
$392,332
Year 2
$384,232
Year 3
$375,675
Year 4
$366,636
Year 5
$357,086
Year 6
$346,998
Year 7
$336,341
Year 8
$325,082
Year 9
$313,189
Year 10
$300,624
Year 11
$287,351
Year 12
$273,329
Year 13
$258,516
Year 14
$242,868
Year 15
$226,337
💡 Mortgage Tips
Down Payment
A larger down payment reduces your monthly payments and may eliminate PMI requirements (typically 20% or more).
Interest Rates
Even a small difference in interest rates can significantly impact your total payment over the life of the loan.
Loan Term
Shorter terms mean higher monthly payments but less total interest paid over the life of the loan.
Additional Costs
Don't forget property taxes, insurance, maintenance, and potential HOA fees when budgeting.
Ready to Get Pre-Approved?
Connect with our trusted mortgage professionals to get pre-approved and start your home buying journey.