30-year fixed
Selected
- Interest rate
- 6.25%
- Monthly payment
- $4,463
- Stable payments
- Lower monthly cost
- Suits long-term owners
Mortgage calculator
Estimate your monthly payment, see the full cost of owning and compare loan options side by side.
Clear estimates
Every part of the payment
Compare options
Four loan types side by side
Plan with confidence
Total cost over the full term
Any currency
Set once in the template
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Your details
Change any value and every number on the page follows.
Loan details
Rate and term
What if
Estimated monthly payment
$4,463/ month
- Principal and interest
- 83%
- $3,694
- Property tax
- 13%
- $563
- Home insurance
- 5%
- $206
- Mortgage insurance
- 0%
- $0
- Total per month
- 100%
- $4,463
- Loan amount
- $600,000
- Interest rate
- 6.25%
- Loan term
- 30 years
- Down payment (20%)
- $150,000
Repayment by year
Point at a year, tap it or use the arrow keys to read its numbers.
- Year
- 1
- Principal
- $586
- Interest
- $3,108
- Tax and insurance
- $769
- Mortgage insurance
- $0
- Remaining balance
- $592,969
- Total principal
- $600,000
- Total interest
- $729,949
- Interest share of total
- 45.4%
- Payoff year
- Year 30
Total cost of homeownership
Over 30 years
$1,606,699
- Total principal paid
- 37%
- $600,000
- Total interest paid
- 45%
- $729,949
- Total property tax
- 13%
- $202,500
- Total home insurance
- 5%
- $74,250
- Total mortgage insurance
- 0%
- $0
- Total
- 100%
- $1,606,699
15-year fixed
+$1,288 / month
- Interest rate
- 5.75%
- Monthly payment
- $5,751
- Lower interest cost
- Paid off in half the time
- Higher monthly payment
Fixed 5 years, then variable
−$288 / month
- Initial interest rate
- 5.50%
- Monthly payment
- $4,175
- Lower first payments
- Rate adjusts after 5 years
- Suits shorter plans
Fixed 7 years, then variable
−$193 / month
- Initial interest rate
- 5.75%
- Monthly payment
- $4,270
- Lower first payments
- Rate adjusts after 7 years
- A balance of stability and savings
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See sample lender rates and ask for a quote before you start viewing homes.
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