Mortgage calculator
Not just the payment — what the payment is made of, how it changes over time, and what the loan really costs. Estimates for understanding, not financial advice.
MONTHLY PAYMENT (ALL-IN)
$2,572.62
$2,022.62 loan + $550.00 taxes & insurance
TOTAL INTEREST OVER 30 YRS
$408,142
on a $320,000 loan after $80,000 down
TRUE COST OF THE HOUSE
$808,142
price + all interest, before taxes
IN PLAIN ENGLISH
Your first payment of $2,022.62 sends $289.28 toward owning the house and $1,733.33 to the bank as interest. The balance tips in your favor — more equity than interest per payment — around year 20. Paying anything extra toward principal early is what bends this curve.
| YEAR | INTEREST PAID | EQUITY BUILT | REMAINING BALANCE |
|---|---|---|---|
| 1 | $20,695 | $3,577 | $316,423 |
| 2 | $20,455 | $3,816 | $312,607 |
| 3 | $20,200 | $4,072 | $308,535 |
| 4 | $19,927 | $4,345 | $304,191 |
| 5 | $19,636 | $4,636 | $299,555 |
| 10 | $17,861 | $6,410 | $271,284 |
| 15 | $15,407 | $8,864 | $232,189 |
| 20 | $12,014 | $12,257 | $178,129 |
| 25 | $7,322 | $16,949 | $103,373 |
| 30 | $833 | $23,438 | $0 |
ESTIMATES FOR UNDERSTANDING, NOT A LENDING QUOTE OR FINANCIAL ADVICE. EXCLUDES PMI, HOA, CLOSING COSTS, AND RATE CHANGES. CALCULATIONS RUN IN YOUR BROWSER — NOTHING IS SAVED OR SENT.
The briefing, before it's obvious.
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