Mortgage Planning Studio

Mortgage Calculator

Estimate your monthly payment, total loan cost, and payoff timeline with taxes, insurance, HOA, PMI, and extra payments.

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Loan Details

All fields start at 0 so you can build the scenario from scratch. Helper text under each field explains what it is and common ranges.

Quick Presets:

Home Price ($) Total purchase price of the home. Commonly around $200k to $800k+, depending on market. Down Payment ($) Cash paid upfront. Common targets are 3%, 5%, 10%, or 20% of home price. Interest Rate (% APR) Annual loan interest rate. Historically many fixed mortgages fall in roughly 3% to 8%+. Loan Term (Years) How long you have to repay. Most common are 15-year and 30-year mortgages. Property Tax (Yearly, $) Annual local tax on the home. Often around 0.5% to 2.5% of home value per year. Home Insurance (Yearly, $) Yearly homeowner policy cost. Many homes are roughly $1,000 to $3,000+ yearly. HOA (Monthly, $) Homeowners association fee. Common in condos/townhomes, often $0 to $500+ monthly. PMI Rate (% yearly) Private Mortgage Insurance rate, usually if down payment is under 20%. Often 0.2% to 2% yearly. Extra Payment (Monthly, $) Additional amount paid toward principal each month to reduce interest and shorten payoff. Start Date First payment month. If left blank, the calculator uses the current month.

Results

Estimated Monthly Payment (PITI + HOA + PMI)

$0.00

Principal + Interest

$0.00

Total Interest Paid

$0.00

Total Cost of Loan

$0.00

Projected Payoff Date

Time Saved with Extra Payments

Monthly Breakdown

Amortization Schedule

Showing first 120 monthly payments for readability.

Compare Scenarios

Enter only the fields you want to change. Leave 0 to use your current scenario value.

Compare Loan Term (Years) Common compare: 15-year vs 30-year mortgage. Compare Interest Rate (% APR) Use this to test rate changes from shopping lenders or buying points. Compare Extra Payment (Monthly, $) Useful for testing payoff strategies like adding $100-$500 monthly.

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