Mortgage Payment Calculator
Estimate your monthly mortgage payment with taxes, insurance, and PMI.
Payment Results
Your Estimated Monthly Payment
Principal & Interest
$1,422.36
Property Tax
$291.67
Home Insurance
$100.00
PMI
$116.67
Total Monthly Payment
$1,930.70
Loan Summary
Loan Amount
$280,000
Down Payment
$70,000 (20%)
Total Interest Paid
$231,930
Total Cost of Loan
$695,052
Pay-off Date
December 2054
Refinance Calculator
Determine if refinancing your mortgage could save you money.
Refinance Analysis
Current Loan
Monthly Payment
$1,687.71
Remaining Payments
300
Total Interest Left
$256,313
Total Cost Left
$506,313
New Loan
Monthly Payment
$1,581.59
Total Payments
240
Total Interest
$129,582
Total Cost
$384,582
Refinance Savings
Monthly Savings
$106.12
Total Interest Savings
$126,731
Break-even Point
3.9 years
Net Savings
$121,731
Home Affordability Calculator
Calculate how much house you can afford based on your income and expenses.
Affordability Results
What You Can Afford
Maximum Monthly Payment
$1,675
Maximum Home Price
$328,900
Recommended Home Price
$296,010
Loan Amount Needed
$256,010
Payment Breakdown
Principal & Interest
$1,327
Property Taxes
$296
Homeowners Insurance
$100
PMI (if applicable)
$107
Total Monthly Payment
$1,830
Amortization Calculator
See how your mortgage payments break down over time.
Amortization Summary
Loan Overview
Monthly Payment
$1,520.06
Total Interest Paid
$247,220
Total Cost of Loan
$547,220
Loan Payoff Date
December 2054
With Extra $ Monthly Payment
New Monthly Payment
$1,620.06
Interest Savings
$48,459
Time Saved
4 years, 8 months
New Payoff Date
April 2050
Amortization Schedule (First 12 Months)
| Month |
Payment |
Principal |
Interest |
Balance |
Closing Costs Calculator
Estimate the closing costs when purchasing or refinancing a home.
Estimated Closing Costs
Cost Breakdown
Loan Origination Fee
$2,800
Appraisal Fee
$500
Credit Report Fee
$50
Title Insurance
$1,225
Attorney/Closing Fee
$800
Recording Fees
$150
Prepaid Interest
$350
Homeowners Insurance
$1,200
Property Taxes
$2,100
Total Estimated Costs
$9,175
Disclaimer: This calculator provides estimates only. Actual closing costs will vary based on your lender, location, loan type, and other factors.
Net Proceeds Results
Your Estimated Net Proceeds
$127,500
Proceeds as % of Sale Price
28.3%
Sale Proceeds Breakdown
Sale Price
$450,000
- Remaining Mortgage
$285,000
- Agent Commission (5%)
$22,500
- Seller Concessions
$5,000
- Closing Costs
$3,000
- Repair Costs
$2,000
- Payoff Penalty
$0
- Other Costs
$1,000
Net Proceeds (Cash to You)
$131,500
Disclaimer: This calculator provides estimates only. Consult with a real estate attorney or tax professional for advice on your specific situation.