Mortgage Calculator

Created by Davide Borchia
Last updated: Jun 28, 2022
This calculation uses well-known equations to find the size of monthly repayments for a loan of a particular size at a particular interest rate, that is to be repaid in full in a given time. It also finds how much is repaid in total over the whole period.
Davide Borchia
Home value
$
Down payment
$
Down payment in percentage
10
%
Loan amount
$
Interest rate
%
Loan term
yrs
Interest calculation method
monthly (US & UK)
Payment frequency
monthly
First day
Payment
684.03
$
Further Specifications
Extra periodic payment
$
Yearly increase in payments
%
Starting from
Lump sum prepayment
$
Paid on
PMI
%
Total periodic payment
740.28
$
Annual Balances
Mortgage Summary
Your mortgage payoff date is 02.05.2052.
The total of the 360 mortgage payments is $246,249.
From that, the total interest payment is $111,249.
The total payable Private Mortgage Insurance (PMI) is $4,106, with a $56 periodic contribution, that needs to be paid until 02.05.2028.
Your total payment with all additional costs is $250,355.
Total Payment Breakdown in Percentage
Amortization Table
Due dates from
Due DateOpening BalancePayment (P+I)Principal AmountInterest AmountPMIOther costsTotal PaymentSum of PaymentsRemaining Balance
02.07.2022135,000684.03177.78506.2556.250740.28684.03134,822.22
02.08.2022134,822.22684.03178.44505.5856.250740.281,368.05134,643.78
02.09.2022134,643.78684.03179.11504.9156.250740.282,052.08134,464.67
02.10.2022134,464.67684.03179.78504.2456.250740.282,736.1134,284.89
02.11.2022134,284.89684.03180.46503.5756.250740.283,420.13134,104.43
02.12.2022134,104.43684.03181.13502.8956.250740.284,104.15133,923.3
02.01.2023133,923.3684.03181.81502.2156.250740.284,788.18133,741.49
02.02.2023133,741.49684.03182.49501.5356.250740.285,472.2133,558.99
02.03.2023133,558.99684.03183.18500.8556.250740.286,156.23133,375.81
02.04.2023133,375.81684.03183.87500.1656.250740.286,840.25133,191.95
02.05.2023133,191.95684.03184.56499.4756.250740.287,524.28133,007.39
02.06.2023133,007.39684.03185.25498.7856.250740.288,208.3132,822.14
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