Mortgage - Guide
Payment, interest, and amortization breakdowns.
Estimated reading time: 2 minutes
What it does
Calculates principal & interest, then layers on taxes, insurance, PMI, and HOA to estimate your total monthly payment.
Inputs
- Home price / loan amount, down payment
- Interest rate (annual), loan term (years)
- Property tax (annual or monthly)
- Homeowners insurance (annual or monthly)
- PMI (annual or monthly)
- HOA fees (monthly)
Output
- Principal & interest (monthly)
- Monthly add-ons (tax, insurance, PMI, HOA)
- Estimated total monthly payment (P&I + add-ons)
Example
$300,000 loan at 6.5% for 30 years — P&I: ~$1,896; add-ons get added on top.
Tip
Compare different loan terms to see how extra payments can save you thousands in interest.