Quickly estimate your mortgage payments and visualize your amortization schedule. Empower your home buying decisions and plan your budget with confidence.
A mortgage represents a long-term financial commitment. This advanced tool applies standard mortgage formulas to help you estimate monthly payments and analyze amortization schedules with precision.
M = P × (r(1 + r)^n) / ((1 + r)^n - 1)Where:
Sarah borrows $300,000 at 3.75% fixed for 15 years. Her monthly payment is calculated using the formula above. Over the loan term, she pays $81,475 in interest.
James selects a 5/1 ARM: 2.5% fixed for 5 years, then adjusts annually with a 2% cap per year and 6% lifetime cap. The calculator simulates rate adjustments and new payments across the loan term.
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Start calculating now to take control of your home loan and make confident, informed financial decisions.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $955.00 | $300.00 | $655.00 | $199,700.00 |
| 2 | $955.00 | $302.00 | $653.00 | $199,398.00 |
| 360 | $955.00 | $952.00 | $3.00 | $0.00 |
| Loan Details | Value |
|---|---|
| Principal | $200,000 |
| Interest Rate | 4% |
| Loan Term | 30 Years |
| Monthly Payment | $955.00 |
| Total Interest Paid | $143,739.01 |
| Total Payment | $343,739.01 |
| Type | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 0% Interest | $555.56 | $555.56 | $0.00 | $199,444.44 |
| Biweekly (first) | $477.50 | $295.00 | $182.50 | $199,705.00 |
| Balloon Final | $30,000.00 | $30,000.00 | $0.00 | $0.00 |
| Neg. Amortization | $400.00 | $0.00 | $650.00 | $200,250.00 |