Mortgage Calculator
Calculate your monthly mortgage payments and see the full amortization schedule.
Loan Details
20.0% of home price
Payment Summary
Monthly Payment
$2,023
Loan Amount
$320,000
Total Interest
$408,142
Total Cost
$728,142
Tips for Home Buyers
- • Aim for a down payment of at least 20% to avoid PMI (Private Mortgage Insurance)
- • A 15-year loan saves significant interest but has higher monthly payments
- • Consider property taxes and insurance, which can add $200-500/month
- • Shop around for the best interest rates - even 0.5% difference matters