Mortgage payment calculator
20.0% of the price
Not charged here: the down payment is 20% or more.
Optional. Power, gas, water, internet.
Optional. Maintenance, repairs, anything else.
Optional. Lender, title and other fees paid on the day.
Monthly payment, all in
$2,555.95
$2,022.62 of that is loan principal and interest.
- Loan amount
- $320,000
- Total interest
- $408,142
- Total paid
- $728,142
- Cash at closing
- $80,000
What the monthly figure is made of
Where each year’s payments go
Interest takes more than half of each payment until payment 233 — 19 yr 4 mo in.
| Year | Interest | Principal | Balance | Split |
|---|---|---|---|---|
| 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 | |
| 6 | $19,325 | $4,946 | $294,609 | |
| 7 | $18,994 | $5,277 | $289,332 | |
| 8 | $18,641 | $5,631 | $283,701 | |
| 9 | $18,264 | $6,008 | $277,694 | |
| 10 | $17,861 | $6,410 | $271,284 | |
| 11 | $17,432 | $6,839 | $264,444 | |
| 12 | $16,974 | $7,297 | $257,147 | |
| 13 | $16,485 | $7,786 | $249,361 | |
| 14 | $15,964 | $8,308 | $241,053 | |
| 15 | $15,407 | $8,864 | $232,189 | |
| 16 | $14,814 | $9,458 | $222,732 | |
| 17 | $14,180 | $10,091 | $212,641 | |
| 18 | $13,505 | $10,767 | $201,874 | |
| 19 | $12,784 | $11,488 | $190,386 | |
| 20 | $12,014 | $12,257 | $178,129 | |
| 21 | $11,193 | $13,078 | $165,051 | |
| 22 | $10,317 | $13,954 | $151,097 | |
| 23 | $9,383 | $14,888 | $136,208 | |
| 24 | $8,386 | $15,886 | $120,323 | |
| 25 | $7,322 | $16,949 | $103,373 | |
| 26 | $6,187 | $18,085 | $85,289 | |
| 27 | $4,976 | $19,296 | $65,993 | |
| 28 | $3,683 | $20,588 | $45,405 | |
| 29 | $2,305 | $21,967 | $23,438 | |
| 30 | $833 | $23,438 | $0 |
What the term and the rate change
The same loan with one thing moved at a time: the monthly payment, then the total interest. Your row is in bold.
By term, at 6.5%
By rate, over 30 years
The loan figures are exact for a fixed-rate loan at the rate you entered. Everything else is whatever you typed in: we do not know your tax bill, your insurer’s price or your closing costs, and the mortgage insurance rate starts as our guess at 0.6% of the loan a year. Cash at closing is the down payment plus closing costs, paid in cash rather than added to the loan. Your lender will quote the real figures.