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Condo Mortgage Calculator

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Condo Mortgage Calculator with HOA to calculate the monthly mortgage payment for your condo. The condo loan calculator with taxes and insurance generates an amortization schedule that estimates the cost of buying a condo and a breakdown of each payment.

Condo Loan Calculator

Condo Value
$
Down Payment
Mortgage Amount
$
Loan Terms
Interest Rate
PMI (Yearly)
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date

Mortgage Calculator Results

Home Value: $200,000.00
Mortgage Amount: $160,000.00
Monthly Principal & Interest: $954.14
Monthly Extra Payment: $0.00
Monthly Property Tax: $83.33
Monthly Home Insurance: $66.67
Monthly PMI: PMI not required
Monthly HOA Fees: $0.00
Total Monthly Payment:
$1,104.14
Total # Of Payments: 360
Start Date: Jun, 2024
Payoff Date: May, 2054
Down Payment: $40,000.00
Principal: $160,000.00
Total Extra Payment: $0.00
Total Interest Paid: $183,491.68
Total Tax, Insurance, PMI and Fees: $54,000.00
Total of all Payments:
$437,491.68

Mortgage Amortization Schedule

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Jun, 2024 1 $793.33 $160.81 $150.00 $1,104.14 $159,839.19
Jul, 2024 2 $792.54 $161.61 $150.00 $1,104.14 $159,677.58
Aug, 2024 3 $791.73 $162.41 $150.00 $1,104.14 $159,515.17
Sep, 2024 4 $790.93 $163.21 $150.00 $1,104.14 $159,351.96
Oct, 2024 5 $790.12 $164.02 $150.00 $1,104.14 $159,187.94
Nov, 2024 6 $789.31 $164.84 $150.00 $1,104.14 $159,023.10
Dec, 2024 7 $788.49 $165.65 $150.00 $1,104.14 $158,857.45
Jan, 2025 8 $787.67 $166.48 $150.00 $1,104.14 $158,690.97
Feb, 2025 9 $786.84 $167.30 $150.00 $1,104.14 $158,523.67
Mar, 2025 10 $786.01 $168.13 $150.00 $1,104.14 $158,355.54
Apr, 2025 11 $785.18 $168.96 $150.00 $1,104.14 $158,186.57
May, 2025 12 $784.34 $169.80 $150.00 $1,104.14 $158,016.77
Jun, 2025 13 $783.50 $170.64 $150.00 $1,104.14 $157,846.13
Jul, 2025 14 $782.65 $171.49 $150.00 $1,104.14 $157,674.64
Aug, 2025 15 $781.80 $172.34 $150.00 $1,104.14 $157,502.30
Sep, 2025 16 $780.95 $173.19 $150.00 $1,104.14 $157,329.10
Oct, 2025 17 $780.09 $174.05 $150.00 $1,104.14 $157,155.05
Nov, 2025 18 $779.23 $174.92 $150.00 $1,104.14 $156,980.13
Dec, 2025 19 $778.36 $175.78 $150.00 $1,104.14 $156,804.35
Jan, 2026 20 $777.49 $176.66 $150.00 $1,104.14 $156,627.70
Feb, 2026 21 $776.61 $177.53 $150.00 $1,104.14 $156,450.16
Mar, 2026 22 $775.73 $178.41 $150.00 $1,104.14 $156,271.75
Apr, 2026 23 $774.85 $179.30 $150.00 $1,104.14 $156,092.46
May, 2026 24 $773.96 $180.19 $150.00 $1,104.14 $155,912.27
Jun, 2026 25 $773.07 $181.08 $150.00 $1,104.14 $155,731.19
Jul, 2026 26 $772.17 $181.98 $150.00 $1,104.14 $155,549.22
Aug, 2026 27 $771.26 $182.88 $150.00 $1,104.14 $155,366.34
Sep, 2026 28 $770.36 $183.79 $150.00 $1,104.14 $155,182.55
Oct, 2026 29 $769.45 $184.70 $150.00 $1,104.14 $154,997.86
Nov, 2026 30 $768.53 $185.61 $150.00 $1,104.14 $154,812.24
Dec, 2026 31 $767.61 $186.53 $150.00 $1,104.14 $154,625.71
Jan, 2027 32 $766.69 $187.46 $150.00 $1,104.14 $154,438.25
Feb, 2027 33 $765.76 $188.39 $150.00 $1,104.14 $154,249.87
Mar, 2027 34 $764.82 $189.32 $150.00 $1,104.14 $154,060.54
Apr, 2027 35 $763.88 $190.26 $150.00 $1,104.14 $153,870.28
May, 2027 36 $762.94 $191.20 $150.00 $1,104.14 $153,679.08
Jun, 2027 37 $761.99 $192.15 $150.00 $1,104.14 $153,486.93
Jul, 2027 38 $761.04 $193.10 $150.00 $1,104.14 $153,293.83
Aug, 2027 39 $760.08 $194.06 $150.00 $1,104.14 $153,099.76
Sep, 2027 40 $759.12 $195.02 $150.00 $1,104.14 $152,904.74
Oct, 2027 41 $758.15 $195.99 $150.00 $1,104.14 $152,708.75
Nov, 2027 42 $757.18 $196.96 $150.00 $1,104.14 $152,511.79
Dec, 2027 43 $756.20 $197.94 $150.00 $1,104.14 $152,313.85
Jan, 2028 44 $755.22 $198.92 $150.00 $1,104.14 $152,114.93
Feb, 2028 45 $754.24 $199.91 $150.00 $1,104.14 $151,915.02
Mar, 2028 46 $753.25 $200.90 $150.00 $1,104.14 $151,714.12
Apr, 2028 47 $752.25 $201.89 $150.00 $1,104.14 $151,512.23
May, 2028 48 $751.25 $202.90 $150.00 $1,104.14 $151,309.33
Jun, 2028 49 $750.24 $203.90 $150.00 $1,104.14 $151,105.43
Jul, 2028 50 $749.23 $204.91 $150.00 $1,104.14 $150,900.52
Aug, 2028 51 $748.22 $205.93 $150.00 $1,104.14 $150,694.59
Sep, 2028 52 $747.19 $206.95 $150.00 $1,104.14 $150,487.64
Oct, 2028 53 $746.17 $207.98 $150.00 $1,104.14 $150,279.66
Nov, 2028 54 $745.14 $209.01 $150.00 $1,104.14 $150,070.66
Dec, 2028 55 $744.10 $210.04 $150.00 $1,104.14 $149,860.61
Jan, 2029 56 $743.06 $211.08 $150.00 $1,104.14 $149,649.53
Feb, 2029 57 $742.01 $212.13 $150.00 $1,104.14 $149,437.40
Mar, 2029 58 $740.96 $213.18 $150.00 $1,104.14 $149,224.21
Apr, 2029 59 $739.90 $214.24 $150.00 $1,104.14 $149,009.97
May, 2029 60 $738.84 $215.30 $150.00 $1,104.14 $148,794.67
Jun, 2029 61 $737.77 $216.37 $150.00 $1,104.14 $148,578.30
Jul, 2029 62 $736.70 $217.44 $150.00 $1,104.14 $148,360.86
Aug, 2029 63 $735.62 $218.52 $150.00 $1,104.14 $148,142.34
Sep, 2029 64 $734.54 $219.60 $150.00 $1,104.14 $147,922.73
Oct, 2029 65 $733.45 $220.69 $150.00 $1,104.14 $147,702.04
Nov, 2029 66 $732.36 $221.79 $150.00 $1,104.14 $147,480.25
Dec, 2029 67 $731.26 $222.89 $150.00 $1,104.14 $147,257.37
Jan, 2030 68 $730.15 $223.99 $150.00 $1,104.14 $147,033.37
Feb, 2030 69 $729.04 $225.10 $150.00 $1,104.14 $146,808.27
Mar, 2030 70 $727.92 $226.22 $150.00 $1,104.14 $146,582.05
Apr, 2030 71 $726.80 $227.34 $150.00 $1,104.14 $146,354.71
May, 2030 72 $725.68 $228.47 $150.00 $1,104.14 $146,126.24
Jun, 2030 73 $724.54 $229.60 $150.00 $1,104.14 $145,896.64
Jul, 2030 74 $723.40 $230.74 $150.00 $1,104.14 $145,665.90
Aug, 2030 75 $722.26 $231.88 $150.00 $1,104.14 $145,434.02
Sep, 2030 76 $721.11 $233.03 $150.00 $1,104.14 $145,200.98
Oct, 2030 77 $719.95 $234.19 $150.00 $1,104.14 $144,966.80
Nov, 2030 78 $718.79 $235.35 $150.00 $1,104.14 $144,731.45
Dec, 2030 79 $717.63 $236.52 $150.00 $1,104.14 $144,494.93
Jan, 2031 80 $716.45 $237.69 $150.00 $1,104.14 $144,257.24
Feb, 2031 81 $715.28 $238.87 $150.00 $1,104.14 $144,018.37
Mar, 2031 82 $714.09 $240.05 $150.00 $1,104.14 $143,778.32
Apr, 2031 83 $712.90 $241.24 $150.00 $1,104.14 $143,537.08
May, 2031 84 $711.70 $242.44 $150.00 $1,104.14 $143,294.64
Jun, 2031 85 $710.50 $243.64 $150.00 $1,104.14 $143,051.00
Jul, 2031 86 $709.29 $244.85 $150.00 $1,104.14 $142,806.15
Aug, 2031 87 $708.08 $246.06 $150.00 $1,104.14 $142,560.08
Sep, 2031 88 $706.86 $247.28 $150.00 $1,104.14 $142,312.80
Oct, 2031 89 $705.63 $248.51 $150.00 $1,104.14 $142,064.29
Nov, 2031 90 $704.40 $249.74 $150.00 $1,104.14 $141,814.55
Dec, 2031 91 $703.16 $250.98 $150.00 $1,104.14 $141,563.57
Jan, 2032 92 $701.92 $252.22 $150.00 $1,104.14 $141,311.35
Feb, 2032 93 $700.67 $253.47 $150.00 $1,104.14 $141,057.87
Mar, 2032 94 $699.41 $254.73 $150.00 $1,104.14 $140,803.14
Apr, 2032 95 $698.15 $255.99 $150.00 $1,104.14 $140,547.15
May, 2032 96 $696.88 $257.26 $150.00 $1,104.14 $140,289.88
Jun, 2032 97 $695.60 $258.54 $150.00 $1,104.14 $140,031.34
Jul, 2032 98 $694.32 $259.82 $150.00 $1,104.14 $139,771.52
Aug, 2032 99 $693.03 $261.11 $150.00 $1,104.14 $139,510.41
Sep, 2032 100 $691.74 $262.40 $150.00 $1,104.14 $139,248.01
Oct, 2032 101 $690.44 $263.71 $150.00 $1,104.14 $138,984.30
Nov, 2032 102 $689.13 $265.01 $150.00 $1,104.14 $138,719.29
Dec, 2032 103 $687.82 $266.33 $150.00 $1,104.14 $138,452.96
Jan, 2033 104 $686.50 $267.65 $150.00 $1,104.14 $138,185.31
Feb, 2033 105 $685.17 $268.97 $150.00 $1,104.14 $137,916.34
Mar, 2033 106 $683.84 $270.31 $150.00 $1,104.14 $137,646.03
Apr, 2033 107 $682.49 $271.65 $150.00 $1,104.14 $137,374.38
May, 2033 108 $681.15 $273.00 $150.00 $1,104.14 $137,101.39
Jun, 2033 109 $679.79 $274.35 $150.00 $1,104.14 $136,827.04
Jul, 2033 110 $678.43 $275.71 $150.00 $1,104.14 $136,551.33
Aug, 2033 111 $677.07 $277.08 $150.00 $1,104.14 $136,274.25
Sep, 2033 112 $675.69 $278.45 $150.00 $1,104.14 $135,995.80
Oct, 2033 113 $674.31 $279.83 $150.00 $1,104.14 $135,715.97
Nov, 2033 114 $672.93 $281.22 $150.00 $1,104.14 $135,434.75
Dec, 2033 115 $671.53 $282.61 $150.00 $1,104.14 $135,152.14
Jan, 2034 116 $670.13 $284.01 $150.00 $1,104.14 $134,868.12
Feb, 2034 117 $668.72 $285.42 $150.00 $1,104.14 $134,582.70
Mar, 2034 118 $667.31 $286.84 $150.00 $1,104.14 $134,295.86
Apr, 2034 119 $665.88 $288.26 $150.00 $1,104.14 $134,007.60
May, 2034 120 $664.45 $289.69 $150.00 $1,104.14 $133,717.92
Jun, 2034 121 $663.02 $291.13 $150.00 $1,104.14 $133,426.79
Jul, 2034 122 $661.57 $292.57 $150.00 $1,104.14 $133,134.22
Aug, 2034 123 $660.12 $294.02 $150.00 $1,104.14 $132,840.20
Sep, 2034 124 $658.67 $295.48 $150.00 $1,104.14 $132,544.72
Oct, 2034 125 $657.20 $296.94 $150.00 $1,104.14 $132,247.78
Nov, 2034 126 $655.73 $298.41 $150.00 $1,104.14 $131,949.37
Dec, 2034 127 $654.25 $299.89 $150.00 $1,104.14 $131,649.47
Jan, 2035 128 $652.76 $301.38 $150.00 $1,104.14 $131,348.09
Feb, 2035 129 $651.27 $302.88 $150.00 $1,104.14 $131,045.21
Mar, 2035 130 $649.77 $304.38 $150.00 $1,104.14 $130,740.84
Apr, 2035 131 $648.26 $305.89 $150.00 $1,104.14 $130,434.95
May, 2035 132 $646.74 $307.40 $150.00 $1,104.14 $130,127.55
Jun, 2035 133 $645.22 $308.93 $150.00 $1,104.14 $129,818.62
Jul, 2035 134 $643.68 $310.46 $150.00 $1,104.14 $129,508.16
Aug, 2035 135 $642.14 $312.00 $150.00 $1,104.14 $129,196.16
Sep, 2035 136 $640.60 $313.55 $150.00 $1,104.14 $128,882.61
Oct, 2035 137 $639.04 $315.10 $150.00 $1,104.14 $128,567.51
Nov, 2035 138 $637.48 $316.66 $150.00 $1,104.14 $128,250.85
Dec, 2035 139 $635.91 $318.23 $150.00 $1,104.14 $127,932.62
Jan, 2036 140 $634.33 $319.81 $150.00 $1,104.14 $127,612.81
Feb, 2036 141 $632.75 $321.40 $150.00 $1,104.14 $127,291.41
Mar, 2036 142 $631.15 $322.99 $150.00 $1,104.14 $126,968.42
Apr, 2036 143 $629.55 $324.59 $150.00 $1,104.14 $126,643.83
May, 2036 144 $627.94 $326.20 $150.00 $1,104.14 $126,317.63
Jun, 2036 145 $626.32 $327.82 $150.00 $1,104.14 $125,989.81
Jul, 2036 146 $624.70 $329.44 $150.00 $1,104.14 $125,660.36
Aug, 2036 147 $623.07 $331.08 $150.00 $1,104.14 $125,329.28
Sep, 2036 148 $621.42 $332.72 $150.00 $1,104.14 $124,996.57
Oct, 2036 149 $619.77 $334.37 $150.00 $1,104.14 $124,662.20
Nov, 2036 150 $618.12 $336.03 $150.00 $1,104.14 $124,326.17
Dec, 2036 151 $616.45 $337.69 $150.00 $1,104.14 $123,988.48
Jan, 2037 152 $614.78 $339.37 $150.00 $1,104.14 $123,649.11
Feb, 2037 153 $613.09 $341.05 $150.00 $1,104.14 $123,308.06
Mar, 2037 154 $611.40 $342.74 $150.00 $1,104.14 $122,965.32
Apr, 2037 155 $609.70 $344.44 $150.00 $1,104.14 $122,620.88
May, 2037 156 $608.00 $346.15 $150.00 $1,104.14 $122,274.73
Jun, 2037 157 $606.28 $347.86 $150.00 $1,104.14 $121,926.87
Jul, 2037 158 $604.55 $349.59 $150.00 $1,104.14 $121,577.28
Aug, 2037 159 $602.82 $351.32 $150.00 $1,104.14 $121,225.95
Sep, 2037 160 $601.08 $353.06 $150.00 $1,104.14 $120,872.89
Oct, 2037 161 $599.33 $354.82 $150.00 $1,104.14 $120,518.07
Nov, 2037 162 $597.57 $356.57 $150.00 $1,104.14 $120,161.50
Dec, 2037 163 $595.80 $358.34 $150.00 $1,104.14 $119,803.15
Jan, 2038 164 $594.02 $360.12 $150.00 $1,104.14 $119,443.04
Feb, 2038 165 $592.24 $361.91 $150.00 $1,104.14 $119,081.13
Mar, 2038 166 $590.44 $363.70 $150.00 $1,104.14 $118,717.43
Apr, 2038 167 $588.64 $365.50 $150.00 $1,104.14 $118,351.93
May, 2038 168 $586.83 $367.32 $150.00 $1,104.14 $117,984.61
Jun, 2038 169 $585.01 $369.14 $150.00 $1,104.14 $117,615.48
Jul, 2038 170 $583.18 $370.97 $150.00 $1,104.14 $117,244.51
Aug, 2038 171 $581.34 $372.81 $150.00 $1,104.14 $116,871.70
Sep, 2038 172 $579.49 $374.65 $150.00 $1,104.14 $116,497.05
Oct, 2038 173 $577.63 $376.51 $150.00 $1,104.14 $116,120.54
Nov, 2038 174 $575.76 $378.38 $150.00 $1,104.14 $115,742.16
Dec, 2038 175 $573.89 $380.26 $150.00 $1,104.14 $115,361.90
Jan, 2039 176 $572.00 $382.14 $150.00 $1,104.14 $114,979.76
Feb, 2039 177 $570.11 $384.04 $150.00 $1,104.14 $114,595.72
Mar, 2039 178 $568.20 $385.94 $150.00 $1,104.14 $114,209.79
Apr, 2039 179 $566.29 $387.85 $150.00 $1,104.14 $113,821.93
May, 2039 180 $564.37 $389.78 $150.00 $1,104.14 $113,432.16
Jun, 2039 181 $562.43 $391.71 $150.00 $1,104.14 $113,040.45
Jul, 2039 182 $560.49 $393.65 $150.00 $1,104.14 $112,646.79
Aug, 2039 183 $558.54 $395.60 $150.00 $1,104.14 $112,251.19
Sep, 2039 184 $556.58 $397.56 $150.00 $1,104.14 $111,853.63
Oct, 2039 185 $554.61 $399.54 $150.00 $1,104.14 $111,454.09
Nov, 2039 186 $552.63 $401.52 $150.00 $1,104.14 $111,052.57
Dec, 2039 187 $550.64 $403.51 $150.00 $1,104.14 $110,649.07
Jan, 2040 188 $548.63 $405.51 $150.00 $1,104.14 $110,243.56
Feb, 2040 189 $546.62 $407.52 $150.00 $1,104.14 $109,836.04
Mar, 2040 190 $544.60 $409.54 $150.00 $1,104.14 $109,426.50
Apr, 2040 191 $542.57 $411.57 $150.00 $1,104.14 $109,014.93
May, 2040 192 $540.53 $413.61 $150.00 $1,104.14 $108,601.32
Jun, 2040 193 $538.48 $415.66 $150.00 $1,104.14 $108,185.65
Jul, 2040 194 $536.42 $417.72 $150.00 $1,104.14 $107,767.93
Aug, 2040 195 $534.35 $419.79 $150.00 $1,104.14 $107,348.14
Sep, 2040 196 $532.27 $421.88 $150.00 $1,104.14 $106,926.26
Oct, 2040 197 $530.18 $423.97 $150.00 $1,104.14 $106,502.29
Nov, 2040 198 $528.07 $426.07 $150.00 $1,104.14 $106,076.22
Dec, 2040 199 $525.96 $428.18 $150.00 $1,104.14 $105,648.04
Jan, 2041 200 $523.84 $430.31 $150.00 $1,104.14 $105,217.74
Feb, 2041 201 $521.70 $432.44 $150.00 $1,104.14 $104,785.30
Mar, 2041 202 $519.56 $434.58 $150.00 $1,104.14 $104,350.71
Apr, 2041 203 $517.41 $436.74 $150.00 $1,104.14 $103,913.98
May, 2041 204 $515.24 $438.90 $150.00 $1,104.14 $103,475.07
Jun, 2041 205 $513.06 $441.08 $150.00 $1,104.14 $103,033.99
Jul, 2041 206 $510.88 $443.27 $150.00 $1,104.14 $102,590.73
Aug, 2041 207 $508.68 $445.46 $150.00 $1,104.14 $102,145.26
Sep, 2041 208 $506.47 $447.67 $150.00 $1,104.14 $101,697.59
Oct, 2041 209 $504.25 $449.89 $150.00 $1,104.14 $101,247.70
Nov, 2041 210 $502.02 $452.12 $150.00 $1,104.14 $100,795.57
Dec, 2041 211 $499.78 $454.37 $150.00 $1,104.14 $100,341.21
Jan, 2042 212 $497.53 $456.62 $150.00 $1,104.14 $99,884.59
Feb, 2042 213 $495.26 $458.88 $150.00 $1,104.14 $99,425.71
Mar, 2042 214 $492.99 $461.16 $150.00 $1,104.14 $98,964.55
Apr, 2042 215 $490.70 $463.44 $150.00 $1,104.14 $98,501.10
May, 2042 216 $488.40 $465.74 $150.00 $1,104.14 $98,035.36
Jun, 2042 217 $486.09 $468.05 $150.00 $1,104.14 $97,567.31
Jul, 2042 218 $483.77 $470.37 $150.00 $1,104.14 $97,096.94
Aug, 2042 219 $481.44 $472.70 $150.00 $1,104.14 $96,624.23
Sep, 2042 220 $479.10 $475.05 $150.00 $1,104.14 $96,149.19
Oct, 2042 221 $476.74 $477.40 $150.00 $1,104.14 $95,671.78
Nov, 2042 222 $474.37 $479.77 $150.00 $1,104.14 $95,192.01
Dec, 2042 223 $471.99 $482.15 $150.00 $1,104.14 $94,709.86
Jan, 2043 224 $469.60 $484.54 $150.00 $1,104.14 $94,225.32
Feb, 2043 225 $467.20 $486.94 $150.00 $1,104.14 $93,738.38
Mar, 2043 226 $464.79 $489.36 $150.00 $1,104.14 $93,249.02
Apr, 2043 227 $462.36 $491.78 $150.00 $1,104.14 $92,757.24
May, 2043 228 $459.92 $494.22 $150.00 $1,104.14 $92,263.01
Jun, 2043 229 $457.47 $496.67 $150.00 $1,104.14 $91,766.34
Jul, 2043 230 $455.01 $499.14 $150.00 $1,104.14 $91,267.21
Aug, 2043 231 $452.53 $501.61 $150.00 $1,104.14 $90,765.60
Sep, 2043 232 $450.05 $504.10 $150.00 $1,104.14 $90,261.50
Oct, 2043 233 $447.55 $506.60 $150.00 $1,104.14 $89,754.90
Nov, 2043 234 $445.03 $509.11 $150.00 $1,104.14 $89,245.79
Dec, 2043 235 $442.51 $511.63 $150.00 $1,104.14 $88,734.16
Jan, 2044 236 $439.97 $514.17 $150.00 $1,104.14 $88,219.99
Feb, 2044 237 $437.42 $516.72 $150.00 $1,104.14 $87,703.27
Mar, 2044 238 $434.86 $519.28 $150.00 $1,104.14 $87,183.99
Apr, 2044 239 $432.29 $521.86 $150.00 $1,104.14 $86,662.13
May, 2044 240 $429.70 $524.44 $150.00 $1,104.14 $86,137.69
Jun, 2044 241 $427.10 $527.04 $150.00 $1,104.14 $85,610.64
Jul, 2044 242 $424.49 $529.66 $150.00 $1,104.14 $85,080.99
Aug, 2044 243 $421.86 $532.28 $150.00 $1,104.14 $84,548.70
Sep, 2044 244 $419.22 $534.92 $150.00 $1,104.14 $84,013.78
Oct, 2044 245 $416.57 $537.58 $150.00 $1,104.14 $83,476.20
Nov, 2044 246 $413.90 $540.24 $150.00 $1,104.14 $82,935.96
Dec, 2044 247 $411.22 $542.92 $150.00 $1,104.14 $82,393.04
Jan, 2045 248 $408.53 $545.61 $150.00 $1,104.14 $81,847.43
Feb, 2045 249 $405.83 $548.32 $150.00 $1,104.14 $81,299.12
Mar, 2045 250 $403.11 $551.04 $150.00 $1,104.14 $80,748.08
Apr, 2045 251 $400.38 $553.77 $150.00 $1,104.14 $80,194.31
May, 2045 252 $397.63 $556.51 $150.00 $1,104.14 $79,637.80
Jun, 2045 253 $394.87 $559.27 $150.00 $1,104.14 $79,078.53
Jul, 2045 254 $392.10 $562.05 $150.00 $1,104.14 $78,516.48
Aug, 2045 255 $389.31 $564.83 $150.00 $1,104.14 $77,951.65
Sep, 2045 256 $386.51 $567.63 $150.00 $1,104.14 $77,384.02
Oct, 2045 257 $383.70 $570.45 $150.00 $1,104.14 $76,813.57
Nov, 2045 258 $380.87 $573.28 $150.00 $1,104.14 $76,240.29
Dec, 2045 259 $378.02 $576.12 $150.00 $1,104.14 $75,664.17
Jan, 2046 260 $375.17 $578.98 $150.00 $1,104.14 $75,085.20
Feb, 2046 261 $372.30 $581.85 $150.00 $1,104.14 $74,503.35
Mar, 2046 262 $369.41 $584.73 $150.00 $1,104.14 $73,918.62
Apr, 2046 263 $366.51 $587.63 $150.00 $1,104.14 $73,330.99
May, 2046 264 $363.60 $590.54 $150.00 $1,104.14 $72,740.45
Jun, 2046 265 $360.67 $593.47 $150.00 $1,104.14 $72,146.97
Jul, 2046 266 $357.73 $596.41 $150.00 $1,104.14 $71,550.56
Aug, 2046 267 $354.77 $599.37 $150.00 $1,104.14 $70,951.19
Sep, 2046 268 $351.80 $602.34 $150.00 $1,104.14 $70,348.84
Oct, 2046 269 $348.81 $605.33 $150.00 $1,104.14 $69,743.51
Nov, 2046 270 $345.81 $608.33 $150.00 $1,104.14 $69,135.18
Dec, 2046 271 $342.80 $611.35 $150.00 $1,104.14 $68,523.83
Jan, 2047 272 $339.76 $614.38 $150.00 $1,104.14 $67,909.45
Feb, 2047 273 $336.72 $617.43 $150.00 $1,104.14 $67,292.03
Mar, 2047 274 $333.66 $620.49 $150.00 $1,104.14 $66,671.54
Apr, 2047 275 $330.58 $623.56 $150.00 $1,104.14 $66,047.98
May, 2047 276 $327.49 $626.66 $150.00 $1,104.14 $65,421.32
Jun, 2047 277 $324.38 $629.76 $150.00 $1,104.14 $64,791.56
Jul, 2047 278 $321.26 $632.89 $150.00 $1,104.14 $64,158.67
Aug, 2047 279 $318.12 $636.02 $150.00 $1,104.14 $63,522.65
Sep, 2047 280 $314.97 $639.18 $150.00 $1,104.14 $62,883.47
Oct, 2047 281 $311.80 $642.35 $150.00 $1,104.14 $62,241.12
Nov, 2047 282 $308.61 $645.53 $150.00 $1,104.14 $61,595.59
Dec, 2047 283 $305.41 $648.73 $150.00 $1,104.14 $60,946.86
Jan, 2048 284 $302.19 $651.95 $150.00 $1,104.14 $60,294.91
Feb, 2048 285 $298.96 $655.18 $150.00 $1,104.14 $59,639.73
Mar, 2048 286 $295.71 $658.43 $150.00 $1,104.14 $58,981.30
Apr, 2048 287 $292.45 $661.69 $150.00 $1,104.14 $58,319.61
May, 2048 288 $289.17 $664.98 $150.00 $1,104.14 $57,654.63
Jun, 2048 289 $285.87 $668.27 $150.00 $1,104.14 $56,986.36
Jul, 2048 290 $282.56 $671.59 $150.00 $1,104.14 $56,314.77
Aug, 2048 291 $279.23 $674.92 $150.00 $1,104.14 $55,639.86
Sep, 2048 292 $275.88 $678.26 $150.00 $1,104.14 $54,961.59
Oct, 2048 293 $272.52 $681.63 $150.00 $1,104.14 $54,279.97
Nov, 2048 294 $269.14 $685.01 $150.00 $1,104.14 $53,594.96
Dec, 2048 295 $265.74 $688.40 $150.00 $1,104.14 $52,906.56
Jan, 2049 296 $262.33 $691.82 $150.00 $1,104.14 $52,214.75
Feb, 2049 297 $258.90 $695.25 $150.00 $1,104.14 $51,519.50
Mar, 2049 298 $255.45 $698.69 $150.00 $1,104.14 $50,820.81
Apr, 2049 299 $251.99 $702.16 $150.00 $1,104.14 $50,118.65
May, 2049 300 $248.50 $705.64 $150.00 $1,104.14 $49,413.01
Jun, 2049 301 $245.01 $709.14 $150.00 $1,104.14 $48,703.87
Jul, 2049 302 $241.49 $712.65 $150.00 $1,104.14 $47,991.22
Aug, 2049 303 $237.96 $716.19 $150.00 $1,104.14 $47,275.03
Sep, 2049 304 $234.41 $719.74 $150.00 $1,104.14 $46,555.30
Oct, 2049 305 $230.84 $723.31 $150.00 $1,104.14 $45,831.99
Nov, 2049 306 $227.25 $726.89 $150.00 $1,104.14 $45,105.10
Dec, 2049 307 $223.65 $730.50 $150.00 $1,104.14 $44,374.60
Jan, 2050 308 $220.02 $734.12 $150.00 $1,104.14 $43,640.48
Feb, 2050 309 $216.38 $737.76 $150.00 $1,104.14 $42,902.72
Mar, 2050 310 $212.73 $741.42 $150.00 $1,104.14 $42,161.30
Apr, 2050 311 $209.05 $745.09 $150.00 $1,104.14 $41,416.21
May, 2050 312 $205.36 $748.79 $150.00 $1,104.14 $40,667.42
Jun, 2050 313 $201.64 $752.50 $150.00 $1,104.14 $39,914.92
Jul, 2050 314 $197.91 $756.23 $150.00 $1,104.14 $39,158.69
Aug, 2050 315 $194.16 $759.98 $150.00 $1,104.14 $38,398.70
Sep, 2050 316 $190.39 $763.75 $150.00 $1,104.14 $37,634.95
Oct, 2050 317 $186.61 $767.54 $150.00 $1,104.14 $36,867.42
Nov, 2050 318 $182.80 $771.34 $150.00 $1,104.14 $36,096.08
Dec, 2050 319 $178.98 $775.17 $150.00 $1,104.14 $35,320.91
Jan, 2051 320 $175.13 $779.01 $150.00 $1,104.14 $34,541.90
Feb, 2051 321 $171.27 $782.87 $150.00 $1,104.14 $33,759.02
Mar, 2051 322 $167.39 $786.76 $150.00 $1,104.14 $32,972.27
Apr, 2051 323 $163.49 $790.66 $150.00 $1,104.14 $32,181.61
May, 2051 324 $159.57 $794.58 $150.00 $1,104.14 $31,387.04
Jun, 2051 325 $155.63 $798.52 $150.00 $1,104.14 $30,588.52
Jul, 2051 326 $151.67 $802.48 $150.00 $1,104.14 $29,786.04
Aug, 2051 327 $147.69 $806.45 $150.00 $1,104.14 $28,979.59
Sep, 2051 328 $143.69 $810.45 $150.00 $1,104.14 $28,169.14
Oct, 2051 329 $139.67 $814.47 $150.00 $1,104.14 $27,354.67
Nov, 2051 330 $135.63 $818.51 $150.00 $1,104.14 $26,536.16
Dec, 2051 331 $131.58 $822.57 $150.00 $1,104.14 $25,713.59
Jan, 2052 332 $127.50 $826.65 $150.00 $1,104.14 $24,886.94
Feb, 2052 333 $123.40 $830.75 $150.00 $1,104.14 $24,056.19
Mar, 2052 334 $119.28 $834.86 $150.00 $1,104.14 $23,221.33
Apr, 2052 335 $115.14 $839.00 $150.00 $1,104.14 $22,382.33
May, 2052 336 $110.98 $843.16 $150.00 $1,104.14 $21,539.16
Jun, 2052 337 $106.80 $847.35 $150.00 $1,104.14 $20,691.82
Jul, 2052 338 $102.60 $851.55 $150.00 $1,104.14 $19,840.27
Aug, 2052 339 $98.37 $855.77 $150.00 $1,104.14 $18,984.50
Sep, 2052 340 $94.13 $860.01 $150.00 $1,104.14 $18,124.49
Oct, 2052 341 $89.87 $864.28 $150.00 $1,104.14 $17,260.21
Nov, 2052 342 $85.58 $868.56 $150.00 $1,104.14 $16,391.65
Dec, 2052 343 $81.28 $872.87 $150.00 $1,104.14 $15,518.78
Jan, 2053 344 $76.95 $877.20 $150.00 $1,104.14 $14,641.59
Feb, 2053 345 $72.60 $881.55 $150.00 $1,104.14 $13,760.04
Mar, 2053 346 $68.23 $885.92 $150.00 $1,104.14 $12,874.12
Apr, 2053 347 $63.83 $890.31 $150.00 $1,104.14 $11,983.81
May, 2053 348 $59.42 $894.72 $150.00 $1,104.14 $11,089.09
Jun, 2053 349 $54.98 $899.16 $150.00 $1,104.14 $10,189.93
Jul, 2053 350 $50.53 $903.62 $150.00 $1,104.14 $9,286.31
Aug, 2053 351 $46.04 $908.10 $150.00 $1,104.14 $8,378.21
Sep, 2053 352 $41.54 $912.60 $150.00 $1,104.14 $7,465.61
Oct, 2053 353 $37.02 $917.13 $150.00 $1,104.14 $6,548.48
Nov, 2053 354 $32.47 $921.67 $150.00 $1,104.14 $5,626.81
Dec, 2053 355 $27.90 $926.24 $150.00 $1,104.14 $4,700.57
Jan, 2054 356 $23.31 $930.84 $150.00 $1,104.14 $3,769.73
Feb, 2054 357 $18.69 $935.45 $150.00 $1,104.14 $2,834.28
Mar, 2054 358 $14.05 $940.09 $150.00 $1,104.14 $1,894.19
Apr, 2054 359 $9.39 $944.75 $150.00 $1,104.14 $949.44
May, 2054 360 $4.71 $949.44 $150.00 $1,104.14 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,104.14 $546.30
Total Extra Payments $0.00 $0.00
Total Interest $183,491.68 $144,477.50
Total Tax, Insurance, PMI & Fees $54,000.00 $44,100.00
Total Payment $437,491.68 $388,577.50
Total Savings $0 $48,914.18
Payoff Date May, 2054 Nov, 2048

Condo mortgage calculator with HOA

The condo mortgage calculator has all the options you need to calculate your mortgage payments, such as extra payments, HOA fees, taxes and insurance, down payment options, and a condo amortization schedule.


What is a condo?

A condominium or condo is a unit within a large building. Condo owners need to pay a monthly homeowners association fee or the HOA. The homeowner association manages and maintains the common areas of the building shared by all condo owners. The HOA fees vary from condo to condo. Buyers should be aware of this fee and factor this into an additional cost to their mortgage.


Pros and cons of owning a condo

Following are some of the pros and cons of owning a condo. Pros of owning a condo

  • Cheaper than a house - one of the main reasons many people choose a condo over a house is because a condo is much more affordable than a house in the same city.
  • No exterior maintenance - there is no need to maintain the exterior as the HOA handles all of that. There is lawn mowing and landscaping.
  • Community - a condo usually offers a closer community between neighbors than owning a house. For some people, it feels less lonely to live in a condo than in a house.

Cons of owning a condo

  • Higher mortgage rates - the mortgage rates are higher for condo buyers than for single-family homes.
  • Higher monthly costs - condo owners are required to pay HOA fees which adds extra costs for owners.
  • Higher down payment - your lender might require you to put more as your down payment.
  • More condo rules - there are rules that every condo owner has to follow. If you need to remodel your condo, you need to get permission from the condo association.
  • Difficult to sell - condos are harder to sell than houses because it is harder to get a mortgage for a condo, and many people don't like the idea of paying monthly for HOA fees.
  • Less privacy - since your neighbor is on the other side of the wall, there will be less privacy than if you were living in a single-family house.
  • Conflicts with neighbors - there might be more conflicts between neighbors because each condo is so close to the other and shares a wall. You might also have problems with the owners that live directly above your condo for noise or leaking issues.
  • HOA fee might go up - if the occupancy rate goes down for the building, or if other owners are having financial difficulty paying their bills, your HOA fee might go up.

Despite the negatives of owning a condo, it could still be a good choice for first-time home buyers because they are more affordable allowing the owner to build equity in their home rather than paying for rent.



Is the mortgage rate for condos higher?

The mortgage rate for condos is usually higher for the same borrowers who would pay if they were to buy single-family or multiple-family homes. The higher mortgage rates are because condo mortgages are considered riskier for lenders. A condo is a part of a large unit. Lenders view this type of home as a riskier investment and charge a higher interest rate for condominium mortgages to protect and offset this risk.


How much condo can I afford?

Use our condo mortgage calculator to help you estimate how much condo you can afford. A condo may be cheaper than a house, but there are monthly HOA fees that a condo owner needs to pay each month. Before buying a condo, make sure you can afford all expenses besides your monthly mortgage payments. You need to factor in all other costs such as PMI, which is mortgage insurance that you pay each month if your down payment is less than 20%, property tax and insurance, and HOA fees. Many condo owners are surprised to find out how much extra they need to pay each month after they have their down payment secured and bought a condo. Down payment is just one part of the equation, and the other part is the monthly mortgage payments and other expenses.


  • Monthly mortgage payment - interest plus principal
  • Mortgage insurance - required payment when your equity is less than 20%.
  • Property tax - all homeowners are required to pay property tax
  • Condo insurance - insurance to cover disasters from happening to your condo
  • HOA fees - monthly or annual fees paid to the homeowner association.

How to use the condo loan calculator?

Following is a definition of all the variables for the condo loan calculator. Condo Value - how much does the condo cost? Down Payment - how much down payment are you putting down. It can be a percentage or a dollar value. Mortgage Amount - the amount of mortgage that you will be getting. Loan Terms - how long are you planning to pay off your mortgage. A 30-year and 15-year are the most popular types of mortgage. Interest Rate - the interest rate the lender charges you for the mortgage. PMI (Yearly) - if you put down less than 20% as your down payment for your Condo, your lender will require you to pay private mortgage insurance to protect themselves if you default on payments. Property Tax (Yearly) - how much property tax that you need to pay for the condo each year. Home Insurance (Yearly) - how much home insurance do you need to pay to protect your condo from natural disasters such as fire, and flood. HOA Fees (Monthly) - when you purchase a condo, you may be required to pay the homeowners' association (HOA) fees monthly or annually. Payment Frequency - by default, your payment will be every month. You can choose biweekly payments to pay off your mortgage earlier. First Payment Date - the first date of the payment. It can be a date in the past, present, or future. Amortization Schedule - show the condo amortization schedule monthly or yearly. Extra Payments - if you want to make extra payments toward principal to pay off your mortgage faster, that's where you can input the data. You have options to pay one-time extra payments, or monthly, quarterly, or annually.


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