Interactive Tool 🧮

Mortgage Calculator

Adjust any slider to see your monthly payment update instantly.

Loan Parameters

Home Price $400,000

Down Payment 20%

Annual Interest Rate 7.0%

Loan Term 30 yrs

Monthly Payment

Principal & Interest only

Loan Amount

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Down Payment

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Total Interest

—

Total Cost

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Principal vs. Interest

Principal 50%

Interest 50%

⚠️ With less than 20% down, expect approximately $0/month in PMI added to your payment.

Year	Principal Paid	Interest Paid	Remaining Balance

Drag the sliders to adjust home price, down payment, interest rate, and loan term in real time.
The monthly payment shown is principal and interest only — property taxes and insurance are additional.
Putting less than 20% down typically requires PMI (Private Mortgage Insurance), estimated above.
Use the amortization schedule to see how your balance decreases each year over the life of the loan.
Interest rates change daily — use this as an estimate and confirm with a licensed lender.