Mortgage Calculator Online

Calculate payments, amortization schedule, and compare scenarios

Mortgage Details

20% of home price

Mortgage Summary

Monthly Payment
$1,995
Total Interest
$318,275
Total Payment
$718,275
Payoff Date
2053

Amortization Schedule

Year Payment Principal Interest Balance

Mortgage Scenarios

Saved Calculations

Sample Calculation
$400,000 home, 20% down, 5.5% for 30 years

Mortgage Tips

20% Down Payment Advantage
Putting 20% down eliminates PMI (Private Mortgage Insurance), saving you hundreds per month.
Consider Shorter Terms
15-year mortgages have lower interest rates and build equity faster, though payments are higher.
Extra Payments Impact
Adding just $100/month to a 30-year mortgage can cut 4-5 years off the term and save $30,000+ in interest.

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