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Mortgage Calculator

Calculate your monthly mortgage payment, total interest paid, and full amortization schedule. Switch currency using the picker in the top-right corner.

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🏠 Loan Details (USD)

0.5%15%

Monthly Payment (PITI)

$2,628.97

US Dollar

Breakdown

Principal & Interest$2,128.97/mo
Property Tax$400.00/mo
Insurance$100.00/mo

Summary

Loan Amount$320K
Total Interest$446K
Total Cost$846K
Payoff DateMay 2056

Principal vs. Interest (USD)

Amortization Schedule

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How to Use the Mortgage Calculator

Enter your home price, down payment, loan term, and interest rate. The calculator instantly computes your monthly payment, total interest, and full amortization schedule. Use the currency selector in the navbar to switch between USD, AED, GBP, EUR, and 15+ other currencies.

Understanding Your Monthly Payment (PITI)

Your monthly mortgage payment has four components: Principal (reduces your loan balance), Interest (lenderlender's feeapos;s fee), Taxes (property tax ÷ 12), and Insurance (homeownerhomeowner'sapos;s + PMI if down payment < 20%).

What Is an Amortization Schedule?

An amortization schedule shows how each payment splits between principal and interest. Early payments are mostly interest; later payments pay down more principal.

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Numeryfi AI

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