Mortgage Calculator
A mortgage payment is more than principal and interest. Add property tax, insurance, HOA dues and PMI to see the number that will actually leave your account each month — and how much of it is interest.
Method and copy last reviewed · How our calculations work
The purchase
10.0% of the price
Ownership costs (optional)
Leave anything at 0 to exclude it from the monthly total.
Only applied while you owe more than 80% of the price
Your monthly payment
Total monthly payment
$3,005.44
On a $360,000.00 loan · 90.0% loan-to-value
- Principal & interest
- $2,275.44
- Property tax
- $400.00
- Homeowners insurance
- $150.00
- PMI
- $180.00
- Total per month
- $3,005.44
Your down payment is under 20%, so PMI of $180.00/month is included. On this schedule you'd cross 80% loan-to-value after about 7 yr 11 mo, at which point PMI can usually be removed.
Over the full term you'd pay $459,164.03 in interest, finishing around Nov 2056.
Amortization schedule
361 payments · final payment Nov 2056
| Year | Paid | Interest | Principal | Balance |
|---|---|---|---|---|
| 2026 | $4,550.88 | $3,898.24 | $652.64 | $359,347.36 |
| 2027 | $27,305.28 | $23,237.82 | $4,067.46 | $355,279.90 |
| 2028 | $27,305.28 | $22,965.42 | $4,339.86 | $350,940.04 |
| 2029 | $27,305.28 | $22,674.79 | $4,630.49 | $346,309.55 |
| 2030 | $27,305.28 | $22,364.64 | $4,940.64 | $341,368.91 |
| 2031 | $27,305.28 | $22,033.78 | $5,271.50 | $336,097.41 |
| 2032 | $27,305.28 | $21,680.74 | $5,624.54 | $330,472.87 |
| 2033 | $27,305.28 | $21,304.04 | $6,001.24 | $324,471.63 |
| 2034 | $27,305.28 | $20,902.12 | $6,403.16 | $318,068.47 |
| 2035 | $27,305.28 | $20,473.30 | $6,831.98 | $311,236.49 |
| 2036 | $27,305.28 | $20,015.74 | $7,289.54 | $303,946.95 |
| 2037 | $27,305.28 | $19,527.57 | $7,777.71 | $296,169.24 |
| 2038 | $27,305.28 | $19,006.65 | $8,298.63 | $287,870.61 |
| 2039 | $27,305.28 | $18,450.89 | $8,854.39 | $279,016.22 |
| 2040 | $27,305.28 | $17,857.91 | $9,447.37 | $269,568.85 |
| 2041 | $27,305.28 | $17,225.19 | $10,080.09 | $259,488.76 |
| 2042 | $27,305.28 | $16,550.10 | $10,755.18 | $248,733.58 |
| 2043 | $27,305.28 | $15,829.81 | $11,475.47 | $237,258.11 |
| 2044 | $27,305.28 | $15,061.27 | $12,244.01 | $225,014.10 |
| 2045 | $27,305.28 | $14,241.29 | $13,063.99 | $211,950.11 |
| 2046 | $27,305.28 | $13,366.36 | $13,938.92 | $198,011.19 |
| 2047 | $27,305.28 | $12,432.84 | $14,872.44 | $183,138.75 |
| 2048 | $27,305.28 | $11,436.79 | $15,868.49 | $167,270.26 |
| 2049 | $27,305.28 | $10,374.06 | $16,931.22 | $150,339.04 |
| 2050 | $27,305.28 | $9,240.13 | $18,065.15 | $132,273.89 |
| 2051 | $27,305.28 | $8,030.28 | $19,275.00 | $112,998.89 |
| 2052 | $27,305.28 | $6,739.41 | $20,565.87 | $92,433.02 |
| 2053 | $27,305.28 | $5,362.07 | $21,943.21 | $70,489.81 |
| 2054 | $27,305.28 | $3,892.50 | $23,412.78 | $47,077.03 |
| 2055 | $27,305.28 | $2,324.49 | $24,980.79 | $22,096.24 |
| 2056 | $22,760.03 | $663.79 | $22,096.24 | $0.00 |
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Fetch explains your results in plain English. Every number comes from re-running the calculator above, so the figures are exact — never generated.
Where a mortgage payment goes
Principal and interest is the loan itself. On a 30-year mortgage the interest portion dominates the first decade — that's not a trick, it's just interest being charged on a balance you've barely reduced yet.
Property tax and insurance are costs of owning the home, not of borrowing. They usually rise over time, so treat today's figure as a floor rather than a ceiling.
PMI is a temporary cost of a small down payment. It buys you nothing and disappears once you have enough equity, so it's worth knowing exactly when that happens.
HOA dues never go away and never build equity. Include them whenever you compare two homes with different arrangements.
Weighing two quotes that differ only in the rate? The mortgage rate change calculator shows what a 0.25%, 0.5% or 1% difference does to the payment and the total interest.
Frequently asked questions
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FetchCalc is an independent calculator and educational service. We are not a lender, broker, or financial adviser, and nothing here is financial advice. Estimates are for planning only; your actual offer and payment will come from your lender.