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Calculate Your Monthly Payment

Adjust the sliders to instantly see your estimated payment, total interest, and a full amortization schedule.

Loan Details

Home Price $400,000
$50K$2M
Down Payment 20% — $80,000
3%50%
Interest Rate 6.5%
2%12%

Optional: Include Taxes & Insurance

Principal
Interest
Taxes
Insurance
Purchase Price$400,000
Down Payment$80,000 (20%)
Loan Amount$320,000
Interest Rate6.5%
Loan Term30 years

PITI = Principal + Interest + Taxes + Insurance. This is your true all-in monthly housing cost.

Principal
Interest
Property Tax
Insurance
Total Monthly PITI

Note: This does not include HOA fees, PMI, or flood insurance if applicable. FHA loans include an MIP premium. PMI typically applies to conventional loans with less than 20% down.

How your loan balance changes over time. Early payments are mostly interest — principal payoff accelerates over the life of the loan.

Year Payment Principal Interest Balance
Estimated Monthly Payment
$2,023
Principal & Interest only
Loan Amount$320,000
Interest Rate6.5%
Loan Term30 years
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This calculator provides estimated payments for illustration purposes only. Actual rates and payments depend on credit score, loan-to-value, property type, and lender terms. Contact us for a personalized quote.

💡 Pro Tips

  • Every 0.5% rate drop saves roughly $30/mo per $100K borrowed
  • 20% down eliminates PMI on conventional loans
  • A 15-year term costs more monthly but saves tens of thousands in interest
  • Extra principal payments each month dramatically reduce total interest

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