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The payment,
all in.

Price, down payment, rate and term. See the monthly payment with property tax, insurance and PMI, every payment of the loan, what paying a little extra saves, and when a refinance pays for itself.

Principal, interest, tax, insurance, PMI · Full amortization schedule · Extra payments · Refinance break-even

Start Amortization schedule

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Your payment, all in, a month

$3,882

Principal and interest

$3,048

Total interest

$511,248

Paid off

Jul 2051

What you owe, and where each year’s payments go Balance On schedule Principal Interest

The home and the loan

$
%
%

The rate starts at 7.18%, the 30-year fixed average in Freddie Mac’s survey for the week of November 5, 2026 (15-year: 6.57%). Use the rate a lender quotes you.

Fine-tune 7 more inputs
% a year
$/yr
$/mo
% a year
Tax, insurance and the PMI rate are examples: use your town’s tax rate and real quotes. PMI is commonly $30 to $70 a month per $100,000 borrowed (Freddie Mac); 0.6% a year is the middle of that.
$
$/mo
Income adds a line showing what share of it the payment takes. It stays on this device.

Pay it off early

$200
$/yr
With every 12th payment.
$
with payment

MeasureOn scheduleWith extra
Paid off
Payments
Total interest
You save

Refinance later?

If rates fall, a new loan pays off this one. The question is how long the lower payment takes to earn back the closing costs.

years
%
$
Balance then
New principal and interest
Lower by, a month
Break-even
Lifetime interest and costs

The new rate is an illustration, one point below today’s. Break-even counts only the lower payment; it leaves out taxes and what the costs could have earned.

Your monthly payment

Principal and interest
Total interest, on schedule
Total of principal and interest
Paid off

Illustration only, not a loan offer. A fixed-rate loan with interest charged monthly at the rate ÷ 12. Tax, insurance and HOA are held level; in life they rise. PMI is charged on the amount borrowed and ends automatically when the balance is scheduled to reach 78% of the price, or halfway through the term.

Figures checked November 2026. Sources: Freddie Mac, Primary Mortgage Market Survey (week of Nov 5, 2026) · CFPB, when PMI ends under the Homeowners Protection Act · Freddie Mac, what PMI costs · Bankrate, the 28/36 rule · CFPB sample Loan Estimate (our math is checked against it).

Amortization schedule

How a mortgage pays down.

Interest first

  • The payment never changes. On a fixed-rate loan, principal and interest is the same every month.
  • What it buys does. Early on most of it is interest; by the last years almost all of it is principal. The bars above show the turn.

Extra goes straight to principal

  • Every extra dollar skips the interest. It lowers the balance that next month’s interest is charged on.
  • Early beats late. The same extra in year one saves more than in year twenty. Ask your servicer to apply it to principal.

PMI has an end date

  • Under 20% down, lenders usually charge it. It protects the lender, not you.
  • It ends by law. Automatically at 78% of the original value on schedule, or at the halfway point of the term. You can ask at 80%.