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Mortgage Affordability Dashboard

Mortgage Calculator

Estimate monthly payments, interest, taxes, insurance, PMI, and long-term affordability — in seconds.

  • Updated 2026
  • Includes PMI
  • Taxes & insurance
  • Amortization view
  • Affordability check
Estimated monthly payment
$2,396/ month
Principal + interest $1,896 · taxes, insurance, PMI & HOA included
Principal + interest
$1,896
Property tax
$375
Home insurance
$125
PMI
$0
HOA
$0
Total monthly
$2,396
1st month interest
$1,625
1st month principal
$271
Total interest
$382,633
Balance after 1 year
$296,647
Balance after 5 years
$280,833
Total cost (P+I)
$682,633

Amortization (first 10 years)

YearPrincipalInterestBalance
1$3,353$19,401$296,647
2$3,578$19,177$293,069
3$3,817$18,937$289,252
4$4,073$18,681$285,179
5$4,346$18,409$280,833
6$4,637$18,118$276,196
7$4,947$17,807$271,249
8$5,279$17,476$265,970
9$5,632$17,122$260,338
10$6,009$16,745$254,328

15-year vs 30-year

TermMonthly P+ITotal interestTotal cost
15 years$2,613$170,398$470,398
30 years$1,896$382,633$682,633

Choosing 15 years over 30 saves about $212,235 in interest at this rate and loan amount.

Extra payments

Affordability check

Can you comfortably afford this mortgage?

Based on $375,000 home · 20% down · 6.5% · 30-yr.

Stretchedat $95,000/yr
Monthly payment
$2,396
all-in PITI
Payment-to-income
30.3%
comfort threshold ≤ 28%
Income needed
$102,694
comfortable · stretched up to $79,873
Affordability score39/100
RiskyStretchedComfortable

This mortgage is stretched for a household earning $95,000/year, and becomes comfortable above $102,694/yr. Lenders typically accept up to $79,873/yr on stretched debt-to-income.

Monthly payment breakdown

How your $2,396 monthly payment is split.

  • Principal & interest$1,89679%
  • Property tax$37516%
  • Home insurance$1255%

Down payment impact

On a $375,000 home at 6.5% over 30 years.

5% down
$2,252
monthly P+I
Loan amount
$356,250
Total interest
$454,377
PMI
Likely required
10% down
$2,133
monthly P+I
Loan amount
$337,500
Total interest
$430,463
PMI
Likely required
20% down
Current
$1,896
monthly P+I
Loan amount
$300,000
Total interest
$382,633
PMI
Not required
30% down
$1,659
monthly P+I
Loan amount
$262,500
Total interest
$334,804
PMI
Not required

The mortgage formula

M = P · r · (1 + r)n / ((1 + r)n − 1)

Where P is the loan amount, r the monthly interest rate (annual ÷ 12), and n the total number of payments (years × 12). Property tax, insurance, PMI, and HOA are added on top to get your full monthly cost.

Popular mortgage scenarios

Browse 1,053 pre-calculated combinations.

$200,000 loan · 6% · 30 yr
$1,199/mo · $231,676 total interest
$250,000 loan · 6.5% · 30 yr
$1,580/mo · $318,861 total interest
$300,000 loan · 6% · 30 yr
$1,799/mo · $347,515 total interest
$300,000 loan · 7% · 30 yr
$1,996/mo · $418,527 total interest
$350,000 loan · 6.5% · 30 yr
$2,212/mo · $446,406 total interest
$400,000 loan · 6% · 30 yr
$2,398/mo · $463,353 total interest
$400,000 loan · 7% · 15 yr
$3,595/mo · $247,156 total interest
$500,000 loan · 6.5% · 30 yr
$3,160/mo · $637,722 total interest
$500,000 loan · 7% · 30 yr
$3,327/mo · $697,544 total interest
$600,000 loan · 6% · 30 yr
$3,597/mo · $695,029 total interest
$750,000 loan · 6.5% · 30 yr
$4,741/mo · $956,584 total interest
$1,000,000 loan · 6.5% · 30 yr
$6,321/mo · $1,275,445 total interest

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Common questions

Last updated: 2026