Mortgage Calculator
Calculate your monthly payment, total interest cost, and whether refinancing makes sense at today's rates.
Loan Details
Monthly Costs
Monthly P&I
Principal & interest only
Monthly Total
Including tax & insurance
Total Interest
Over 30 years
Loan Amount
20.0% down
Principal vs Interest by Year
- Interest
- Principal
Your First Payment Breakdown
Of your first $2,158 payment, only $358 reduces your balance. The remaining $1,800 (83%) goes straight to interest.
Over 30 years you'll pay $417,017 in interest on a $360,000 loan, which is 116% of the original loan amount. Refinancing at a lower rate or making extra principal payments can save tens of thousands.
Continue Your Journey
Buy vs. Rent Calculator
Compare 5, 10, and 20-year net worth outcomes for buying a home versus renting and investing the difference.
Try This ToolDebt Paydown Calculator
Compare snowball vs avalanche strategies to find your fastest path to debt freedom.
Try This ToolCompound Interest Calculator
See how your money grows exponentially over time through the power of compounding.
Try This Tool