Mortgage Calculator
Calculate your monthly mortgage payment and total costs
Loan Details
Additional Costs
Monthly Payment Breakdown
Principal & Interest
$1,770Property Tax
$292Home Insurance
$100Homebuying Tips
20% Down Payment
Avoid PMI and get better interest rates
Shop Around
Compare rates from multiple lenders
Budget Wisely
Keep housing costs under 28% of income
Emergency Fund
Save for repairs and maintenance
Total Monthly Payment
$2,161
Including all costs
Loan Summary
Home Price$350,000
Down Payment$70,000
Loan Amount$280,000
Interest Rate6.5%
Total Interest Paid
$357,125
Over 30 years
Total Cost
Down Payment$70,000
Loan Payments$637,125
Total$707,125
Affordability Guide
Your monthly payment should be less than 28% of your gross monthly income.
Recommended Monthly Income
$7,719