Mortgage Calculator

Home Price

Down Payment

Interest Rate (%/yr)

Loan Term (years)

Annual Property Tax

Annual Home Insurance

Annual PMI

Annual HOA

Loan Amount: $320000.00

Principal & Interest: $2022.62/mo

Taxes/Insurance/PMI/HOA: $500.00/mo

Total Monthly Payment: $2522.62

Total Interest over term: $408142.36

How this is calculated

Standard fixed-rate loan amortization: monthly payment = P·r(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly rate and n the number of payments.