Mortgage Payment Calculator
Calculate your payment, see the full cost breakdown, and explore ways to save.
Loan Details
Home Price $400,000
$
Down Payment $80,000
$
Interest Rate 6.8%
%
Loan Term
Optional โ for full payment picture
Annual Property Tax $0
$
Annual Home Insurance $0
$
Results
Monthly P&I Payment
โ
principal & interest only
Total Monthly Payment
โ
P&I + tax + insurance
Loan Amount
โ
โ
Total Interest Paid
โ
over full loan term
Interest as % of Loan
โ
total interest รท loan amount
Side-by-Side Term Comparison
Rate Sensitivity โ Same Loan at Different Rates
Principal vs. Interest Over Time
Principal
Interest
Extra Monthly Payment Impact
Points Calculator โ Is It Worth Buying Down Your Rate?
Points to Purchase
#
1 point = 1% of loan amount. Each point typically lowers rate by ~0.25%.
Rate Reduction per Point
%
Varies by lender. 0.25% per point is a common estimate.
Amortization Schedule
