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Mortgage calculator
Enter the home price, your down payment and the loan terms to see what you would pay each month.
Estimated monthly payment
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- Principal and interest
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- Property tax
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- Home insurance
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- Loan amount
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- Total interest
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- Total of all loan payments
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PrincipalInterest
Loan balance over time
Each year: principal vs interest paid
PrincipalInterest
How the payment is worked out
The monthly principal and interest comes from the standard loan formula: the loan amount times the monthly rate, divided by one minus (1 plus the monthly rate) raised to the negative number of payments. Tax and insurance are added as one twelfth of the yearly amount.
This is an estimate. It leaves out mortgage insurance, HOA fees and any fees your lender charges, so treat the number as a starting point when you compare homes.