mortgage calculator

Mortgage Calculator With Taxes, Insurance and PMI

Mortgage Calculator With Taxes, Insurance and PMI is an advanced PITI mortgage calculator with PMI, taxes, and insurance, monthly and bi-weekly payments, and multiple extra payments options to calculate your mortgage payments. The mortgage calculator spreadsheet has a mortgage amortization schedule that is printable and exportable to excel and pdf.

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PITI Mortgage Calculator

Home Value: $300,000.00
Mortgage Amount: $255,000.00
Monthly Principal & Interest: $1,687.97
Monthly Extra Payment: $0.00
Monthly Property Tax: $250.00
Monthly Home Insurance: $125.00
Monthly PMI: (Until Jan, 2030) $106.25
Monthly HOA Fees: $0.00
Total # Of Payments: 360
Start Date: Feb, 2025
Payoff Date: Jan, 2055
Down Payment: $45,000.00
Principal: $255,000.00
Total Extra Payment: $0.00
Total Interest Paid: $352,668.18
Total Tax, Insurance, PMI and Fees: $141,375.00

Mortgage Amortization Schedule

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Feb, 2025 1 $1,476.88 $211.09 $481.25 $2,169.22 $254,788.91
Mar, 2025 2 $1,475.65 $212.31 $481.25 $2,169.22 $254,576.59
Apr, 2025 3 $1,474.42 $213.54 $481.25 $2,169.22 $254,363.05
May, 2025 4 $1,473.19 $214.78 $481.25 $2,169.22 $254,148.27
Jun, 2025 5 $1,471.94 $216.03 $481.25 $2,169.22 $253,932.24
Jul, 2025 6 $1,470.69 $217.28 $481.25 $2,169.22 $253,714.97
Aug, 2025 7 $1,469.43 $218.53 $481.25 $2,169.22 $253,496.43
Sep, 2025 8 $1,468.17 $219.80 $481.25 $2,169.22 $253,276.63
Oct, 2025 9 $1,466.89 $221.07 $481.25 $2,169.22 $253,055.56
Nov, 2025 10 $1,465.61 $222.35 $481.25 $2,169.22 $252,833.20
Dec, 2025 11 $1,464.33 $223.64 $481.25 $2,169.22 $252,609.56
Jan, 2026 12 $1,463.03 $224.94 $481.25 $2,169.22 $252,384.63
Feb, 2026 13 $1,461.73 $226.24 $481.25 $2,169.22 $252,158.39
Mar, 2026 14 $1,460.42 $227.55 $481.25 $2,169.22 $251,930.84
Apr, 2026 15 $1,459.10 $228.87 $481.25 $2,169.22 $251,701.97
May, 2026 16 $1,457.77 $230.19 $481.25 $2,169.22 $251,471.78
Jun, 2026 17 $1,456.44 $231.53 $481.25 $2,169.22 $251,240.25
Jul, 2026 18 $1,455.10 $232.87 $481.25 $2,169.22 $251,007.38
Aug, 2026 19 $1,453.75 $234.22 $481.25 $2,169.22 $250,773.17
Sep, 2026 20 $1,452.39 $235.57 $481.25 $2,169.22 $250,537.59
Oct, 2026 21 $1,451.03 $236.94 $481.25 $2,169.22 $250,300.66
Nov, 2026 22 $1,449.66 $238.31 $481.25 $2,169.22 $250,062.35
Dec, 2026 23 $1,448.28 $239.69 $481.25 $2,169.22 $249,822.66
Jan, 2027 24 $1,446.89 $241.08 $481.25 $2,169.22 $249,581.58
Feb, 2027 25 $1,445.49 $242.47 $481.25 $2,169.22 $249,339.11
Mar, 2027 26 $1,444.09 $243.88 $481.25 $2,169.22 $249,095.23
Apr, 2027 27 $1,442.68 $245.29 $481.25 $2,169.22 $248,849.94
May, 2027 28 $1,441.26 $246.71 $481.25 $2,169.22 $248,603.23
Jun, 2027 29 $1,439.83 $248.14 $481.25 $2,169.22 $248,355.09
Jul, 2027 30 $1,438.39 $249.58 $481.25 $2,169.22 $248,105.51
Aug, 2027 31 $1,436.94 $251.02 $481.25 $2,169.22 $247,854.49
Sep, 2027 32 $1,435.49 $252.48 $481.25 $2,169.22 $247,602.01
Oct, 2027 33 $1,434.03 $253.94 $481.25 $2,169.22 $247,348.07
Nov, 2027 34 $1,432.56 $255.41 $481.25 $2,169.22 $247,092.66
Dec, 2027 35 $1,431.08 $256.89 $481.25 $2,169.22 $246,835.77
Jan, 2028 36 $1,429.59 $258.38 $481.25 $2,169.22 $246,577.40
Feb, 2028 37 $1,428.09 $259.87 $481.25 $2,169.22 $246,317.52
Mar, 2028 38 $1,426.59 $261.38 $481.25 $2,169.22 $246,056.14
Apr, 2028 39 $1,425.08 $262.89 $481.25 $2,169.22 $245,793.25
May, 2028 40 $1,423.55 $264.41 $481.25 $2,169.22 $245,528.84
Jun, 2028 41 $1,422.02 $265.95 $481.25 $2,169.22 $245,262.89
Jul, 2028 42 $1,420.48 $267.49 $481.25 $2,169.22 $244,995.41
Aug, 2028 43 $1,418.93 $269.04 $481.25 $2,169.22 $244,726.37
Sep, 2028 44 $1,417.37 $270.59 $481.25 $2,169.22 $244,455.78
Oct, 2028 45 $1,415.81 $272.16 $481.25 $2,169.22 $244,183.62
Nov, 2028 46 $1,414.23 $273.74 $481.25 $2,169.22 $243,909.88
Dec, 2028 47 $1,412.64 $275.32 $481.25 $2,169.22 $243,634.56
Jan, 2029 48 $1,411.05 $276.92 $481.25 $2,169.22 $243,357.64
Feb, 2029 49 $1,409.45 $278.52 $481.25 $2,169.22 $243,079.12
Mar, 2029 50 $1,407.83 $280.13 $481.25 $2,169.22 $242,798.98
Apr, 2029 51 $1,406.21 $281.76 $481.25 $2,169.22 $242,517.23
May, 2029 52 $1,404.58 $283.39 $481.25 $2,169.22 $242,233.84
Jun, 2029 53 $1,402.94 $285.03 $481.25 $2,169.22 $241,948.81
Jul, 2029 54 $1,401.29 $286.68 $481.25 $2,169.22 $241,662.13
Aug, 2029 55 $1,399.63 $288.34 $481.25 $2,169.22 $241,373.79
Sep, 2029 56 $1,397.96 $290.01 $481.25 $2,169.22 $241,083.78
Oct, 2029 57 $1,396.28 $291.69 $481.25 $2,169.22 $240,792.09
Nov, 2029 58 $1,394.59 $293.38 $481.25 $2,169.22 $240,498.71
Dec, 2029 59 $1,392.89 $295.08 $481.25 $2,169.22 $240,203.63
Jan, 2030 60 $1,391.18 $296.79 $481.25 $2,169.22 $239,906.84
Feb, 2030 61 $1,389.46 $298.51 $375.00 $2,062.97 $239,608.34
Mar, 2030 62 $1,387.73 $300.24 $375.00 $2,062.97 $239,308.10
Apr, 2030 63 $1,385.99 $301.97 $375.00 $2,062.97 $239,006.13
May, 2030 64 $1,384.24 $303.72 $375.00 $2,062.97 $238,702.40
Jun, 2030 65 $1,382.48 $305.48 $375.00 $2,062.97 $238,396.92
Jul, 2030 66 $1,380.72 $307.25 $375.00 $2,062.97 $238,089.67
Aug, 2030 67 $1,378.94 $309.03 $375.00 $2,062.97 $237,780.64
Sep, 2030 68 $1,377.15 $310.82 $375.00 $2,062.97 $237,469.82
Oct, 2030 69 $1,375.35 $312.62 $375.00 $2,062.97 $237,157.19
Nov, 2030 70 $1,373.54 $314.43 $375.00 $2,062.97 $236,842.76
Dec, 2030 71 $1,371.71 $316.25 $375.00 $2,062.97 $236,526.51
Jan, 2031 72 $1,369.88 $318.08 $375.00 $2,062.97 $236,208.43
Feb, 2031 73 $1,368.04 $319.93 $375.00 $2,062.97 $235,888.50
Mar, 2031 74 $1,366.19 $321.78 $375.00 $2,062.97 $235,566.72
Apr, 2031 75 $1,364.32 $323.64 $375.00 $2,062.97 $235,243.08
May, 2031 76 $1,362.45 $325.52 $375.00 $2,062.97 $234,917.56
Jun, 2031 77 $1,360.56 $327.40 $375.00 $2,062.97 $234,590.16
Jul, 2031 78 $1,358.67 $329.30 $375.00 $2,062.97 $234,260.86
Aug, 2031 79 $1,356.76 $331.21 $375.00 $2,062.97 $233,929.65
Sep, 2031 80 $1,354.84 $333.12 $375.00 $2,062.97 $233,596.52
Oct, 2031 81 $1,352.91 $335.05 $375.00 $2,062.97 $233,261.47
Nov, 2031 82 $1,350.97 $336.99 $375.00 $2,062.97 $232,924.48
Dec, 2031 83 $1,349.02 $338.95 $375.00 $2,062.97 $232,585.53
Jan, 2032 84 $1,347.06 $340.91 $375.00 $2,062.97 $232,244.62
Feb, 2032 85 $1,345.08 $342.88 $375.00 $2,062.97 $231,901.74
Mar, 2032 86 $1,343.10 $344.87 $375.00 $2,062.97 $231,556.87
Apr, 2032 87 $1,341.10 $346.87 $375.00 $2,062.97 $231,210.00
May, 2032 88 $1,339.09 $348.88 $375.00 $2,062.97 $230,861.12
Jun, 2032 89 $1,337.07 $350.90 $375.00 $2,062.97 $230,510.23
Jul, 2032 90 $1,335.04 $352.93 $375.00 $2,062.97 $230,157.30
Aug, 2032 91 $1,332.99 $354.97 $375.00 $2,062.97 $229,802.33
Sep, 2032 92 $1,330.94 $357.03 $375.00 $2,062.97 $229,445.30
Oct, 2032 93 $1,328.87 $359.10 $375.00 $2,062.97 $229,086.20
Nov, 2032 94 $1,326.79 $361.18 $375.00 $2,062.97 $228,725.03
Dec, 2032 95 $1,324.70 $363.27 $375.00 $2,062.97 $228,361.76
Jan, 2033 96 $1,322.60 $365.37 $375.00 $2,062.97 $227,996.39
Feb, 2033 97 $1,320.48 $367.49 $375.00 $2,062.97 $227,628.90
Mar, 2033 98 $1,318.35 $369.62 $375.00 $2,062.97 $227,259.28
Apr, 2033 99 $1,316.21 $371.76 $375.00 $2,062.97 $226,887.52
May, 2033 100 $1,314.06 $373.91 $375.00 $2,062.97 $226,513.61
Jun, 2033 101 $1,311.89 $376.08 $375.00 $2,062.97 $226,137.54
Jul, 2033 102 $1,309.71 $378.25 $375.00 $2,062.97 $225,759.28
Aug, 2033 103 $1,307.52 $380.44 $375.00 $2,062.97 $225,378.84
Sep, 2033 104 $1,305.32 $382.65 $375.00 $2,062.97 $224,996.19
Oct, 2033 105 $1,303.10 $384.86 $375.00 $2,062.97 $224,611.33
Nov, 2033 106 $1,300.87 $387.09 $375.00 $2,062.97 $224,224.23
Dec, 2033 107 $1,298.63 $389.34 $375.00 $2,062.97 $223,834.90
Jan, 2034 108 $1,296.38 $391.59 $375.00 $2,062.97 $223,443.31
Feb, 2034 109 $1,294.11 $393.86 $375.00 $2,062.97 $223,049.45
Mar, 2034 110 $1,291.83 $396.14 $375.00 $2,062.97 $222,653.31
Apr, 2034 111 $1,289.53 $398.43 $375.00 $2,062.97 $222,254.88
May, 2034 112 $1,287.23 $400.74 $375.00 $2,062.97 $221,854.14
Jun, 2034 113 $1,284.91 $403.06 $375.00 $2,062.97 $221,451.07
Jul, 2034 114 $1,282.57 $405.40 $375.00 $2,062.97 $221,045.68
Aug, 2034 115 $1,280.22 $407.74 $375.00 $2,062.97 $220,637.93
Sep, 2034 116 $1,277.86 $410.11 $375.00 $2,062.97 $220,227.83
Oct, 2034 117 $1,275.49 $412.48 $375.00 $2,062.97 $219,815.35
Nov, 2034 118 $1,273.10 $414.87 $375.00 $2,062.97 $219,400.48
Dec, 2034 119 $1,270.69 $417.27 $375.00 $2,062.97 $218,983.20
Jan, 2035 120 $1,268.28 $419.69 $375.00 $2,062.97 $218,563.52
Feb, 2035 121 $1,265.85 $422.12 $375.00 $2,062.97 $218,141.40
Mar, 2035 122 $1,263.40 $424.56 $375.00 $2,062.97 $217,716.83
Apr, 2035 123 $1,260.94 $427.02 $375.00 $2,062.97 $217,289.81
May, 2035 124 $1,258.47 $429.50 $375.00 $2,062.97 $216,860.31
Jun, 2035 125 $1,255.98 $431.98 $375.00 $2,062.97 $216,428.32
Jul, 2035 126 $1,253.48 $434.49 $375.00 $2,062.97 $215,993.84
Aug, 2035 127 $1,250.96 $437.00 $375.00 $2,062.97 $215,556.84
Sep, 2035 128 $1,248.43 $439.53 $375.00 $2,062.97 $215,117.30
Oct, 2035 129 $1,245.89 $442.08 $375.00 $2,062.97 $214,675.22
Nov, 2035 130 $1,243.33 $444.64 $375.00 $2,062.97 $214,230.58
Dec, 2035 131 $1,240.75 $447.22 $375.00 $2,062.97 $213,783.37
Jan, 2036 132 $1,238.16 $449.81 $375.00 $2,062.97 $213,333.56
Feb, 2036 133 $1,235.56 $452.41 $375.00 $2,062.97 $212,881.15
Mar, 2036 134 $1,232.94 $455.03 $375.00 $2,062.97 $212,426.12
Apr, 2036 135 $1,230.30 $457.67 $375.00 $2,062.97 $211,968.46
May, 2036 136 $1,227.65 $460.32 $375.00 $2,062.97 $211,508.14
Jun, 2036 137 $1,224.98 $462.98 $375.00 $2,062.97 $211,045.16
Jul, 2036 138 $1,222.30 $465.66 $375.00 $2,062.97 $210,579.49
Aug, 2036 139 $1,219.61 $468.36 $375.00 $2,062.97 $210,111.13
Sep, 2036 140 $1,216.89 $471.07 $375.00 $2,062.97 $209,640.06
Oct, 2036 141 $1,214.17 $473.80 $375.00 $2,062.97 $209,166.26
Nov, 2036 142 $1,211.42 $476.55 $375.00 $2,062.97 $208,689.71
Dec, 2036 143 $1,208.66 $479.31 $375.00 $2,062.97 $208,210.40
Jan, 2037 144 $1,205.89 $482.08 $375.00 $2,062.97 $207,728.32
Feb, 2037 145 $1,203.09 $484.87 $375.00 $2,062.97 $207,243.45
Mar, 2037 146 $1,200.28 $487.68 $375.00 $2,062.97 $206,755.77
Apr, 2037 147 $1,197.46 $490.51 $375.00 $2,062.97 $206,265.26
May, 2037 148 $1,194.62 $493.35 $375.00 $2,062.97 $205,771.91
Jun, 2037 149 $1,191.76 $496.20 $375.00 $2,062.97 $205,275.71
Jul, 2037 150 $1,188.89 $499.08 $375.00 $2,062.97 $204,776.63
Aug, 2037 151 $1,186.00 $501.97 $375.00 $2,062.97 $204,274.66
Sep, 2037 152 $1,183.09 $504.88 $375.00 $2,062.97 $203,769.78
Oct, 2037 153 $1,180.17 $507.80 $375.00 $2,062.97 $203,261.98
Nov, 2037 154 $1,177.23 $510.74 $375.00 $2,062.97 $202,751.24
Dec, 2037 155 $1,174.27 $513.70 $375.00 $2,062.97 $202,237.54
Jan, 2038 156 $1,171.29 $516.67 $375.00 $2,062.97 $201,720.87
Feb, 2038 157 $1,168.30 $519.67 $375.00 $2,062.97 $201,201.20
Mar, 2038 158 $1,165.29 $522.68 $375.00 $2,062.97 $200,678.52
Apr, 2038 159 $1,162.26 $525.70 $375.00 $2,062.97 $200,152.82
May, 2038 160 $1,159.22 $528.75 $375.00 $2,062.97 $199,624.07
Jun, 2038 161 $1,156.16 $531.81 $375.00 $2,062.97 $199,092.26
Jul, 2038 162 $1,153.08 $534.89 $375.00 $2,062.97 $198,557.37
Aug, 2038 163 $1,149.98 $537.99 $375.00 $2,062.97 $198,019.38
Sep, 2038 164 $1,146.86 $541.10 $375.00 $2,062.97 $197,478.27
Oct, 2038 165 $1,143.73 $544.24 $375.00 $2,062.97 $196,934.03
Nov, 2038 166 $1,140.58 $547.39 $375.00 $2,062.97 $196,386.64
Dec, 2038 167 $1,137.41 $550.56 $375.00 $2,062.97 $195,836.08
Jan, 2039 168 $1,134.22 $553.75 $375.00 $2,062.97 $195,282.33
Feb, 2039 169 $1,131.01 $556.96 $375.00 $2,062.97 $194,725.38
Mar, 2039 170 $1,127.78 $560.18 $375.00 $2,062.97 $194,165.19
Apr, 2039 171 $1,124.54 $563.43 $375.00 $2,062.97 $193,601.77
May, 2039 172 $1,121.28 $566.69 $375.00 $2,062.97 $193,035.08
Jun, 2039 173 $1,117.99 $569.97 $375.00 $2,062.97 $192,465.10
Jul, 2039 174 $1,114.69 $573.27 $375.00 $2,062.97 $191,891.83
Aug, 2039 175 $1,111.37 $576.59 $375.00 $2,062.97 $191,315.24
Sep, 2039 176 $1,108.03 $579.93 $375.00 $2,062.97 $190,735.30
Oct, 2039 177 $1,104.68 $583.29 $375.00 $2,062.97 $190,152.01
Nov, 2039 178 $1,101.30 $586.67 $375.00 $2,062.97 $189,565.34
Dec, 2039 179 $1,097.90 $590.07 $375.00 $2,062.97 $188,975.27
Jan, 2040 180 $1,094.48 $593.49 $375.00 $2,062.97 $188,381.79
Feb, 2040 181 $1,091.04 $596.92 $375.00 $2,062.97 $187,784.87
Mar, 2040 182 $1,087.59 $600.38 $375.00 $2,062.97 $187,184.49
Apr, 2040 183 $1,084.11 $603.86 $375.00 $2,062.97 $186,580.63
May, 2040 184 $1,080.61 $607.35 $375.00 $2,062.97 $185,973.27
Jun, 2040 185 $1,077.10 $610.87 $375.00 $2,062.97 $185,362.40
Jul, 2040 186 $1,073.56 $614.41 $375.00 $2,062.97 $184,747.99
Aug, 2040 187 $1,070.00 $617.97 $375.00 $2,062.97 $184,130.02
Sep, 2040 188 $1,066.42 $621.55 $375.00 $2,062.97 $183,508.48
Oct, 2040 189 $1,062.82 $625.15 $375.00 $2,062.97 $182,883.33
Nov, 2040 190 $1,059.20 $628.77 $375.00 $2,062.97 $182,254.56
Dec, 2040 191 $1,055.56 $632.41 $375.00 $2,062.97 $181,622.15
Jan, 2041 192 $1,051.89 $636.07 $375.00 $2,062.97 $180,986.08
Feb, 2041 193 $1,048.21 $639.76 $375.00 $2,062.97 $180,346.32
Mar, 2041 194 $1,044.51 $643.46 $375.00 $2,062.97 $179,702.86
Apr, 2041 195 $1,040.78 $647.19 $375.00 $2,062.97 $179,055.67
May, 2041 196 $1,037.03 $650.94 $375.00 $2,062.97 $178,404.74
Jun, 2041 197 $1,033.26 $654.71 $375.00 $2,062.97 $177,750.03
Jul, 2041 198 $1,029.47 $658.50 $375.00 $2,062.97 $177,091.53
Aug, 2041 199 $1,025.66 $662.31 $375.00 $2,062.97 $176,429.22
Sep, 2041 200 $1,021.82 $666.15 $375.00 $2,062.97 $175,763.07
Oct, 2041 201 $1,017.96 $670.01 $375.00 $2,062.97 $175,093.07
Nov, 2041 202 $1,014.08 $673.89 $375.00 $2,062.97 $174,419.18
Dec, 2041 203 $1,010.18 $677.79 $375.00 $2,062.97 $173,741.39
Jan, 2042 204 $1,006.25 $681.71 $375.00 $2,062.97 $173,059.68
Feb, 2042 205 $1,002.30 $685.66 $375.00 $2,062.97 $172,374.01
Mar, 2042 206 $998.33 $689.63 $375.00 $2,062.97 $171,684.38
Apr, 2042 207 $994.34 $693.63 $375.00 $2,062.97 $170,990.75
May, 2042 208 $990.32 $697.65 $375.00 $2,062.97 $170,293.10
Jun, 2042 209 $986.28 $701.69 $375.00 $2,062.97 $169,591.42
Jul, 2042 210 $982.22 $705.75 $375.00 $2,062.97 $168,885.67
Aug, 2042 211 $978.13 $709.84 $375.00 $2,062.97 $168,175.83
Sep, 2042 212 $974.02 $713.95 $375.00 $2,062.97 $167,461.88
Oct, 2042 213 $969.88 $718.08 $375.00 $2,062.97 $166,743.80
Nov, 2042 214 $965.72 $722.24 $375.00 $2,062.97 $166,021.56
Dec, 2042 215 $961.54 $726.43 $375.00 $2,062.97 $165,295.13
Jan, 2043 216 $957.33 $730.63 $375.00 $2,062.97 $164,564.50
Feb, 2043 217 $953.10 $734.86 $375.00 $2,062.97 $163,829.63
Mar, 2043 218 $948.85 $739.12 $375.00 $2,062.97 $163,090.51
Apr, 2043 219 $944.57 $743.40 $375.00 $2,062.97 $162,347.11
May, 2043 220 $940.26 $747.71 $375.00 $2,062.97 $161,599.40
Jun, 2043 221 $935.93 $752.04 $375.00 $2,062.97 $160,847.37
Jul, 2043 222 $931.57 $756.39 $375.00 $2,062.97 $160,090.97
Aug, 2043 223 $927.19 $760.77 $375.00 $2,062.97 $159,330.20
Sep, 2043 224 $922.79 $765.18 $375.00 $2,062.97 $158,565.02
Oct, 2043 225 $918.36 $769.61 $375.00 $2,062.97 $157,795.41
Nov, 2043 226 $913.90 $774.07 $375.00 $2,062.97 $157,021.34
Dec, 2043 227 $909.42 $778.55 $375.00 $2,062.97 $156,242.79
Jan, 2044 228 $904.91 $783.06 $375.00 $2,062.97 $155,459.73
Feb, 2044 229 $900.37 $787.60 $375.00 $2,062.97 $154,672.13
Mar, 2044 230 $895.81 $792.16 $375.00 $2,062.97 $153,879.97
Apr, 2044 231 $891.22 $796.75 $375.00 $2,062.97 $153,083.23
May, 2044 232 $886.61 $801.36 $375.00 $2,062.97 $152,281.87
Jun, 2044 233 $881.97 $806.00 $375.00 $2,062.97 $151,475.87
Jul, 2044 234 $877.30 $810.67 $375.00 $2,062.97 $150,665.20
Aug, 2044 235 $872.60 $815.36 $375.00 $2,062.97 $149,849.83
Sep, 2044 236 $867.88 $820.09 $375.00 $2,062.97 $149,029.75
Oct, 2044 237 $863.13 $824.84 $375.00 $2,062.97 $148,204.91
Nov, 2044 238 $858.35 $829.61 $375.00 $2,062.97 $147,375.29
Dec, 2044 239 $853.55 $834.42 $375.00 $2,062.97 $146,540.88
Jan, 2045 240 $848.72 $839.25 $375.00 $2,062.97 $145,701.63
Feb, 2045 241 $843.86 $844.11 $375.00 $2,062.97 $144,857.51
Mar, 2045 242 $838.97 $849.00 $375.00 $2,062.97 $144,008.51
Apr, 2045 243 $834.05 $853.92 $375.00 $2,062.97 $143,154.59
May, 2045 244 $829.10 $858.86 $375.00 $2,062.97 $142,295.73
Jun, 2045 245 $824.13 $863.84 $375.00 $2,062.97 $141,431.89
Jul, 2045 246 $819.13 $868.84 $375.00 $2,062.97 $140,563.05
Aug, 2045 247 $814.09 $873.87 $375.00 $2,062.97 $139,689.18
Sep, 2045 248 $809.03 $878.93 $375.00 $2,062.97 $138,810.25
Oct, 2045 249 $803.94 $884.02 $375.00 $2,062.97 $137,926.22
Nov, 2045 250 $798.82 $889.14 $375.00 $2,062.97 $137,037.08
Dec, 2045 251 $793.67 $894.29 $375.00 $2,062.97 $136,142.78
Jan, 2046 252 $788.49 $899.47 $375.00 $2,062.97 $135,243.31
Feb, 2046 253 $783.28 $904.68 $375.00 $2,062.97 $134,338.63
Mar, 2046 254 $778.04 $909.92 $375.00 $2,062.97 $133,428.70
Apr, 2046 255 $772.77 $915.19 $375.00 $2,062.97 $132,513.51
May, 2046 256 $767.47 $920.49 $375.00 $2,062.97 $131,593.02
Jun, 2046 257 $762.14 $925.82 $375.00 $2,062.97 $130,667.19
Jul, 2046 258 $756.78 $931.19 $375.00 $2,062.97 $129,736.01
Aug, 2046 259 $751.39 $936.58 $375.00 $2,062.97 $128,799.43
Sep, 2046 260 $745.96 $942.00 $375.00 $2,062.97 $127,857.42
Oct, 2046 261 $740.51 $947.46 $375.00 $2,062.97 $126,909.96
Nov, 2046 262 $735.02 $952.95 $375.00 $2,062.97 $125,957.02
Dec, 2046 263 $729.50 $958.47 $375.00 $2,062.97 $124,998.55
Jan, 2047 264 $723.95 $964.02 $375.00 $2,062.97 $124,034.53
Feb, 2047 265 $718.37 $969.60 $375.00 $2,062.97 $123,064.93
Mar, 2047 266 $712.75 $975.22 $375.00 $2,062.97 $122,089.72
Apr, 2047 267 $707.10 $980.86 $375.00 $2,062.97 $121,108.85
May, 2047 268 $701.42 $986.55 $375.00 $2,062.97 $120,122.31
Jun, 2047 269 $695.71 $992.26 $375.00 $2,062.97 $119,130.05
Jul, 2047 270 $689.96 $998.01 $375.00 $2,062.97 $118,132.04
Aug, 2047 271 $684.18 $1,003.79 $375.00 $2,062.97 $117,128.26
Sep, 2047 272 $678.37 $1,009.60 $375.00 $2,062.97 $116,118.66
Oct, 2047 273 $672.52 $1,015.45 $375.00 $2,062.97 $115,103.21
Nov, 2047 274 $666.64 $1,021.33 $375.00 $2,062.97 $114,081.88
Dec, 2047 275 $660.72 $1,027.24 $375.00 $2,062.97 $113,054.64
Jan, 2048 276 $654.77 $1,033.19 $375.00 $2,062.97 $112,021.45
Feb, 2048 277 $648.79 $1,039.18 $375.00 $2,062.97 $110,982.27
Mar, 2048 278 $642.77 $1,045.19 $375.00 $2,062.97 $109,937.08
Apr, 2048 279 $636.72 $1,051.25 $375.00 $2,062.97 $108,885.83
May, 2048 280 $630.63 $1,057.34 $375.00 $2,062.97 $107,828.49
Jun, 2048 281 $624.51 $1,063.46 $375.00 $2,062.97 $106,765.03
Jul, 2048 282 $618.35 $1,069.62 $375.00 $2,062.97 $105,695.41
Aug, 2048 283 $612.15 $1,075.81 $375.00 $2,062.97 $104,619.60
Sep, 2048 284 $605.92 $1,082.05 $375.00 $2,062.97 $103,537.55
Oct, 2048 285 $599.65 $1,088.31 $375.00 $2,062.97 $102,449.24
Nov, 2048 286 $593.35 $1,094.62 $375.00 $2,062.97 $101,354.63
Dec, 2048 287 $587.01 $1,100.95 $375.00 $2,062.97 $100,253.67
Jan, 2049 288 $580.64 $1,107.33 $375.00 $2,062.97 $99,146.34
Feb, 2049 289 $574.22 $1,113.74 $375.00 $2,062.97 $98,032.59
Mar, 2049 290 $567.77 $1,120.20 $375.00 $2,062.97 $96,912.40
Apr, 2049 291 $561.28 $1,126.68 $375.00 $2,062.97 $95,785.72
May, 2049 292 $554.76 $1,133.21 $375.00 $2,062.97 $94,652.51
Jun, 2049 293 $548.20 $1,139.77 $375.00 $2,062.97 $93,512.74
Jul, 2049 294 $541.59 $1,146.37 $375.00 $2,062.97 $92,366.36
Aug, 2049 295 $534.96 $1,153.01 $375.00 $2,062.97 $91,213.35
Sep, 2049 296 $528.28 $1,159.69 $375.00 $2,062.97 $90,053.66
Oct, 2049 297 $521.56 $1,166.41 $375.00 $2,062.97 $88,887.26
Nov, 2049 298 $514.81 $1,173.16 $375.00 $2,062.97 $87,714.09
Dec, 2049 299 $508.01 $1,179.96 $375.00 $2,062.97 $86,534.14
Jan, 2050 300 $501.18 $1,186.79 $375.00 $2,062.97 $85,347.35
Feb, 2050 301 $494.30 $1,193.66 $375.00 $2,062.97 $84,153.68
Mar, 2050 302 $487.39 $1,200.58 $375.00 $2,062.97 $82,953.11
Apr, 2050 303 $480.44 $1,207.53 $375.00 $2,062.97 $81,745.58
May, 2050 304 $473.44 $1,214.52 $375.00 $2,062.97 $80,531.05
Jun, 2050 305 $466.41 $1,221.56 $375.00 $2,062.97 $79,309.49
Jul, 2050 306 $459.33 $1,228.63 $375.00 $2,062.97 $78,080.86
Aug, 2050 307 $452.22 $1,235.75 $375.00 $2,062.97 $76,845.11
Sep, 2050 308 $445.06 $1,242.91 $375.00 $2,062.97 $75,602.21
Oct, 2050 309 $437.86 $1,250.10 $375.00 $2,062.97 $74,352.10
Nov, 2050 310 $430.62 $1,257.34 $375.00 $2,062.97 $73,094.76
Dec, 2050 311 $423.34 $1,264.63 $375.00 $2,062.97 $71,830.13
Jan, 2051 312 $416.02 $1,271.95 $375.00 $2,062.97 $70,558.18
Feb, 2051 313 $408.65 $1,279.32 $375.00 $2,062.97 $69,278.86
Mar, 2051 314 $401.24 $1,286.73 $375.00 $2,062.97 $67,992.14
Apr, 2051 315 $393.79 $1,294.18 $375.00 $2,062.97 $66,697.96
May, 2051 316 $386.29 $1,301.67 $375.00 $2,062.97 $65,396.28
Jun, 2051 317 $378.75 $1,309.21 $375.00 $2,062.97 $64,087.07
Jul, 2051 318 $371.17 $1,316.80 $375.00 $2,062.97 $62,770.27
Aug, 2051 319 $363.54 $1,324.42 $375.00 $2,062.97 $61,445.85
Sep, 2051 320 $355.87 $1,332.09 $375.00 $2,062.97 $60,113.76
Oct, 2051 321 $348.16 $1,339.81 $375.00 $2,062.97 $58,773.95
Nov, 2051 322 $340.40 $1,347.57 $375.00 $2,062.97 $57,426.38
Dec, 2051 323 $332.59 $1,355.37 $375.00 $2,062.97 $56,071.01
Jan, 2052 324 $324.74 $1,363.22 $375.00 $2,062.97 $54,707.78
Feb, 2052 325 $316.85 $1,371.12 $375.00 $2,062.97 $53,336.67
Mar, 2052 326 $308.91 $1,379.06 $375.00 $2,062.97 $51,957.61
Apr, 2052 327 $300.92 $1,387.05 $375.00 $2,062.97 $50,570.56
May, 2052 328 $292.89 $1,395.08 $375.00 $2,062.97 $49,175.48
Jun, 2052 329 $284.81 $1,403.16 $375.00 $2,062.97 $47,772.32
Jul, 2052 330 $276.68 $1,411.29 $375.00 $2,062.97 $46,361.04
Aug, 2052 331 $268.51 $1,419.46 $375.00 $2,062.97 $44,941.58
Sep, 2052 332 $260.29 $1,427.68 $375.00 $2,062.97 $43,513.90
Oct, 2052 333 $252.02 $1,435.95 $375.00 $2,062.97 $42,077.95
Nov, 2052 334 $243.70 $1,444.27 $375.00 $2,062.97 $40,633.68
Dec, 2052 335 $235.34 $1,452.63 $375.00 $2,062.97 $39,181.05
Jan, 2053 336 $226.92 $1,461.04 $375.00 $2,062.97 $37,720.01
Feb, 2053 337 $218.46 $1,469.51 $375.00 $2,062.97 $36,250.50
Mar, 2053 338 $209.95 $1,478.02 $375.00 $2,062.97 $34,772.49
Apr, 2053 339 $201.39 $1,486.58 $375.00 $2,062.97 $33,285.91
May, 2053 340 $192.78 $1,495.19 $375.00 $2,062.97 $31,790.72
Jun, 2053 341 $184.12 $1,503.85 $375.00 $2,062.97 $30,286.88
Jul, 2053 342 $175.41 $1,512.56 $375.00 $2,062.97 $28,774.32
Aug, 2053 343 $166.65 $1,521.32 $375.00 $2,062.97 $27,253.01
Sep, 2053 344 $157.84 $1,530.13 $375.00 $2,062.97 $25,722.88
Oct, 2053 345 $148.98 $1,538.99 $375.00 $2,062.97 $24,183.89
Nov, 2053 346 $140.07 $1,547.90 $375.00 $2,062.97 $22,635.99
Dec, 2053 347 $131.10 $1,556.87 $375.00 $2,062.97 $21,079.12
Jan, 2054 348 $122.08 $1,565.88 $375.00 $2,062.97 $19,513.24
Feb, 2054 349 $113.01 $1,574.95 $375.00 $2,062.97 $17,938.28
Mar, 2054 350 $103.89 $1,584.07 $375.00 $2,062.97 $16,354.21
Apr, 2054 351 $94.72 $1,593.25 $375.00 $2,062.97 $14,760.96
May, 2054 352 $85.49 $1,602.48 $375.00 $2,062.97 $13,158.48
Jun, 2054 353 $76.21 $1,611.76 $375.00 $2,062.97 $11,546.73
Jul, 2054 354 $66.87 $1,621.09 $375.00 $2,062.97 $9,925.63
Aug, 2054 355 $57.49 $1,630.48 $375.00 $2,062.97 $8,295.15
Sep, 2054 356 $48.04 $1,639.92 $375.00 $2,062.97 $6,655.23
Oct, 2054 357 $38.54 $1,649.42 $375.00 $2,062.97 $5,005.81
Nov, 2054 358 $28.99 $1,658.98 $375.00 $2,062.97 $3,346.83
Dec, 2054 359 $19.38 $1,668.58 $375.00 $2,062.97 $1,678.25
Jan, 2055 360 $9.72 $1,678.25 $375.00 $2,062.97 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $2,169.22 $1,066.10
Total Extra Payments $0.00 $0.00
Total Interest $352,668.18 $266,148.16
Total Tax, Insurance, PMI & Fees $141,375.00 $110,685.58
Total Payment $794,043.18 $676,833.74
Total Savings $0 $117,209.44
Payoff Date Jan, 2055 Oct, 2048

How Does a Mortgage Work?

A mortgage is a loan between a lender and borrower to help the borrower finance the purchase of a house. In return, the borrower agrees to pay back the loan plus interest over the course of 15 or 30 years. The main parts of a mortgage are made up by

  • Loan Amount - this is the amount of money that the borrower asks for
  • Interest Rate - the borrower must pay back the loan with interest, and the interest rate determines how much the borrower should pay in interest payment.
  • Loan Terms - the borrower is given a certain amount of years to pay off the mortgage. 15 and 30-year terms are the most common types of mortgages.

On a 30-year fixed-rate mortgage, the payment is divided up by monthly payments where a borrower will pay the same amount each month for 30 years. In the beginning, most of your monthly payment goes towards paying interest instead of the principal. As time passes, the ratio between interest and principal payment will reverse. With our amortization schedule, you can easily view each payment to learn exactly how much of your monthly payment is for interest.


How to Calculate Monthly Mortgage Payments?

The monthly payment formula on how to calculate mortgage payments is given below. A = (P x i/100/12) / (1 - 1 / (1 + i/100/12)^ n)), where A = monthly payment P = principal amount i = interest rate n = the loan term in months


Monthly Mortgage Payment Example

Let's calculate the monthly payment on a $500,000 30-year fixed mortgage with a 5% interest rate. A = (P *i/100/12) / (1 - 1 / (1 + i/100/12)^ n)) A = 500,000 *5/100/12) / (1 - 1 / (1 + 5/100/12)^ 360)) A = 500,000 x 0.004167/(1 - 1/(1 + 0.004167) ^ 360) A = 2,083.5/(1 - 1/1.004167^360) A = 2,083.5/(1- 1/4.46828) A = 2,083.5/(1 - 0.2238) A = 2,083.5/(0.7762) A = 2,684.11 Therefore, the monthly mortgage payment for a 30-year $500,000 mortgage with a 5% interest rate is $2,684.11. There are other costs of owning a house other than the monthly mortgage, such as the tax and insurance, and possibly private mortgage insurance if the down payment is less than 20%. We will go over each of the items below.



Typical Costs of a Mortgage Payment

A mortgage payment can get complicated when you factor in other costs, such as PMI, taxes and insurance. Taxes and insurance are the two other parts in addition to principal and interest that made up your monthly mortgage payment. Principal, interest, taxes and insurance, or PITI are the core components of a mortgage payment since no matter where you live, you have to pay taxes and insurance on your house. Taxes and insurance vary state by state, and city by city. With the comprehensive mortgage calculator PITI, you can quickly calculate these costs and see how much you need to pay each month. Principal - The amount you borrow. Each payment reduces your principal. Interest - The interest that you pay to the bank for lending you money. Property Tax - A tax that you need to pay the government for your house and land. Insurance - Homeowners are required to buy home insurance to cover their losses in the case of fire, storms, flood, and other damages. PMI - private mortgage insurance is mortgage insurance that homeowners have to pay if their down payment is less than 20%. They have to pay the PMI until their equity in the house is over 20%. Our PITI mortgage calculator has a built-in function to include taxes and insurance, so you can quickly include them in your calculation.


What is Private Mortgage Insurance?

Private mortgage insurance or PMI is insurance that a borrower needs to pay if his down payment on the house is less than 20%. The PMI is a protection for the banks and lenders to protect themselves in case the borrower defaults or stops making payments. The banks want the borrower to have more equity in the house to reduce their risks of making a loan. The more down payment a borrower puts down on a house, the less likely that he is to walk away from his mortgage payments. For borrowers who put down less than 20%, PMI is an extra cost for the mortgage. Once the borrower's equity on the house is over 20%, then he can contact the lenders and remove the PMI charges. Our mortgage calculator with PMI has a field called "PMI Yearly" that allows you to enter a PMI by percentage or dollar money.


How to Pay Off Mortgage Earlier?

There are a few ways a borrower can pay off his mortgage earlier and faster, biweekly and extra payments.


What Are Bi-Weekly Payments?

By default, most mortgage payments are paid on a monthly basis. However, some people may want to choose bi-weekly payment. A bi-weekly payment is not the same as paying twice a month. When making monthly payments, a borrower pays 12 times a year. There are 52 weeks in a year, making bi-weekly payments means a borrower makes 26 payments a year. Since the bi-weekly payment is half of the monthly payment amount (not including tax & insurance & other fees), a borrower who chooses a bi-weekly payment is essentially making 13 payments a year compared to the regular monthly payments. The main reason why anyone would want to make bi-weekly payments is that it allows a borrower to save a lot of money on interest, and pay off the mortgage many years earlier than the monthly payment. One extra payment a year may not seem like a lot. However, each extra payment towards principal reduces both your mortgage and the interest you are paying. For example, a borrower pays about $373,023.14 in interest payments on a mortgage of $400,000 with a 30-year term and a fixed interest rate of 5%. The amount of interest that a borrower pays at the end of the term is almost the size of the mortgage amount. However, if the borrower chooses to make a bi-weekly payment, he or she will pay about $304,367.27 in interest payment, which is a saving of $68,655.87. On top of that, the borrower is able to pay off his mortgage 5 years earlier. If we include other costs such as PMI, the savings may be even bigger with the biweekly mortgage payments. Our mortgage calculator allows you to choose payment frequency (monthly & bi-weekly) and get an amortization schedule with a breakdown of each payment in detail. You will also get a comparison table that shows you exactly how much you will save in interest payments, and how many years earlier you will pay off your mortgage.



What Are Extra Payments?

There are other ways that a borrower chooses to pay off his or her mortgage earlier and save money on interest payments. One such option is to make extra payments toward the principal. A borrower can make a one-time lump sum payment or increase his monthly payment. By increasing the monthly payment, you pay off your mortgage faster and cut down on interest payments.


Is Bi-weekly Payment or Extra Payment Right For You?

There are situations where a borrower does not want to make bi-weekly payments or extra payments.

  • Are you planning to move out of the house after a couple of years? If you are, making an extra payment or bi-weekly payment may not be worth the effort. Most of the savings on interest payments are saved after you live in the house for a decade or more.

  • Can you use the extra money for other better investments? If you have better use for your money such as stocks, bonds, real estate, business, or other opportunities.

  • Can you afford it? If your salary doesn't increase and you are not able to cut your spending, then you may not afford to make extra payments.

PITI Mortgage Calculator

Our advanced mortgage payment calculator with PMI, multiple extra payments, tax, and insurance, has all the variables built in so that you can estimate exactly how much you will be paying each month. Mortgage Calculator With PMI is a mortgage amortization calculator that has an option to include Private Mortgage Insurance or PMI. The PMI is calculated only if the down payment is less than 20% of the property value, and the borrower will have to pay for the mortgage insurance until the balance is less than or equal to 80% of the home value. One can enter the PMI as a dollar amount or as a percentage of the home value. The mortgage calculator with taxes and insurance allows a borrower to include property taxes and homeowner's insurance so that one can get a complete breakdown of the amortization schedule and see how much one has to pay monthly or biweekly. Every little thing adds up such as taxes and fees, a borrower should make sure he or she is able to pay the monthly payments before making the down payments for a house. The mortgage affordability calculator will help you estimate how much house can I afford using your annual income and monthly debt. The mortgage calculator with extra payments gives borrowers four ways to include extra payments for their payments in case they want to pay off their mortgage earlier. The extra payment options are a one-time extra payment, recurring biweekly, monthly, quarterly, and yearly plan. All you have to do is to toggle the yes button next to the extra payment option and enter the amount, and a starting date accordingly.


PITI Mortgage Calculator Terms

Following are the terms for the PITI mortgage calculator with multiple extra payments. Home Value - the estimated value of your home or property Down Payment - how much are you putting down on the property? You can enter a percentage or a dollar amount. Mortgage Amount - how much do you need to get a mortgage to finance the purchase of your dream home? This field is automatically calculated based on your home value and down payment. Loan Terms - how long will the loan last. The most common terms are 15-year and 30-year term mortgages. You have the option to enter the loan terms in years or months. Interest Rate - how much interest are you going to pay each month? The interest rate determines your interest payment and is agreed upon upfront between the lender and the borrower. PMI (Yearly) - if your down payment is less than 20% of the property, you may be required to pay for private mortgage insurance or PMI. Enter a percentage or dollar value for the PMI, and it will be included in the mortgage calculation. Once your equity on the house is over 20%, it will be automatically removed from our calculation. You may have to contact your lender or bank to have them remove the PMI payment once your equity is over 20%. Property Tax (Yearly) - property tax is a tax that you have to pay by owning the house. You can enter a property tax amount or as a percentage of your house. Home Insurance (Yearly) - every house needs to pay home insurance in case of unforeseen damages such as fire, flooding, and hurricane. HOA Fees (Monthly) - some houses are required to pay a monthly homeowners association fee or HOA fees. Payment Frequency - you have the option to choose monthly and bi-weekly payments. The amortization schedule will be shown accordingly. By default, the monthly payment option is selected. First Payment Date - if your payment doesn't start today, you can choose a date from the past or in the future when you start your mortgage payment. Amortization Schedule - you have the option to see the breakdown of each payment or group by them by year and only show how much you will be paying and the balance remaining each year. Extra Payment - if you want to pay off your mortgage earlier, you can choose to make an extra payment towards the principal. Our mortgage calculator supports four types of extra payments, one-time lump sum payments, recurring monthly, quarterly, or yearly extra payments. You can even combine multiple extra payments in a single calculation. To get the most accurate mortgage report, enter as many relevant fields as possible. For example, if your down payment is less than 20%, you will likely need to pay for the PMI each month, then you should input the percentage for the PMI.



Amortization Schedule

The mortgage calculator with PMI comes with a downloadable and printable mortgage amortization schedule that you can save and print as a pdf file. The mortgage amortization schedule has all the details of each monthly mortgage payment such as monthly fees, principal, interest, taxes and insurance, and the total monthly or biweekly payment. You will see the payoff date, the total interest, principal as well as the total payments made after the mortgage is paid off.


You will also get a mortgage comparison table that compares the monthly and biweekly payment options. A borrower will be able to see the total interest, extra payment, fees, payoff date for each payment frequency as well as the amount of savings if one chooses the bi-weekly payment option.


Mortgage Calculator App

The all-in-one mortgage calculator is available for download on the Play Store. If you have an Android device, you can install the free mortgage calculator app in your pocket. The advanced mortgage calculator app offers the same functionalities as the online mortgage calculator which includes options for extra payments, PMI, taxes and insurance. There is also a simple version that requires only the mortgage amount, loan terms, and interest rate which can be used as a loan calculator for any type of loan. Just like our online mortgage calculator, you can print, save and export the results to pdf. The app is one of the best mortgage calculator apps for Android with a rating of 4.6.


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