mortgage calculator

Condo Mortgage Calculator

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: Feb, 2025
Payoff Date: Jan, 2055
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
Feb, 2025 1 $793.33 $160.81 $150.00 $1,104.14 $159,839.19
Mar, 2025 2 $792.54 $161.61 $150.00 $1,104.14 $159,677.58
Apr, 2025 3 $791.73 $162.41 $150.00 $1,104.14 $159,515.17
May, 2025 4 $790.93 $163.21 $150.00 $1,104.14 $159,351.96
Jun, 2025 5 $790.12 $164.02 $150.00 $1,104.14 $159,187.94
Jul, 2025 6 $789.31 $164.84 $150.00 $1,104.14 $159,023.10
Aug, 2025 7 $788.49 $165.65 $150.00 $1,104.14 $158,857.45
Sep, 2025 8 $787.67 $166.48 $150.00 $1,104.14 $158,690.97
Oct, 2025 9 $786.84 $167.30 $150.00 $1,104.14 $158,523.67
Nov, 2025 10 $786.01 $168.13 $150.00 $1,104.14 $158,355.54
Dec, 2025 11 $785.18 $168.96 $150.00 $1,104.14 $158,186.57
Jan, 2026 12 $784.34 $169.80 $150.00 $1,104.14 $158,016.77
Feb, 2026 13 $783.50 $170.64 $150.00 $1,104.14 $157,846.13
Mar, 2026 14 $782.65 $171.49 $150.00 $1,104.14 $157,674.64
Apr, 2026 15 $781.80 $172.34 $150.00 $1,104.14 $157,502.30
May, 2026 16 $780.95 $173.19 $150.00 $1,104.14 $157,329.10
Jun, 2026 17 $780.09 $174.05 $150.00 $1,104.14 $157,155.05
Jul, 2026 18 $779.23 $174.92 $150.00 $1,104.14 $156,980.13
Aug, 2026 19 $778.36 $175.78 $150.00 $1,104.14 $156,804.35
Sep, 2026 20 $777.49 $176.66 $150.00 $1,104.14 $156,627.70
Oct, 2026 21 $776.61 $177.53 $150.00 $1,104.14 $156,450.16
Nov, 2026 22 $775.73 $178.41 $150.00 $1,104.14 $156,271.75
Dec, 2026 23 $774.85 $179.30 $150.00 $1,104.14 $156,092.46
Jan, 2027 24 $773.96 $180.19 $150.00 $1,104.14 $155,912.27
Feb, 2027 25 $773.07 $181.08 $150.00 $1,104.14 $155,731.19
Mar, 2027 26 $772.17 $181.98 $150.00 $1,104.14 $155,549.22
Apr, 2027 27 $771.26 $182.88 $150.00 $1,104.14 $155,366.34
May, 2027 28 $770.36 $183.79 $150.00 $1,104.14 $155,182.55
Jun, 2027 29 $769.45 $184.70 $150.00 $1,104.14 $154,997.86
Jul, 2027 30 $768.53 $185.61 $150.00 $1,104.14 $154,812.24
Aug, 2027 31 $767.61 $186.53 $150.00 $1,104.14 $154,625.71
Sep, 2027 32 $766.69 $187.46 $150.00 $1,104.14 $154,438.25
Oct, 2027 33 $765.76 $188.39 $150.00 $1,104.14 $154,249.87
Nov, 2027 34 $764.82 $189.32 $150.00 $1,104.14 $154,060.54
Dec, 2027 35 $763.88 $190.26 $150.00 $1,104.14 $153,870.28
Jan, 2028 36 $762.94 $191.20 $150.00 $1,104.14 $153,679.08
Feb, 2028 37 $761.99 $192.15 $150.00 $1,104.14 $153,486.93
Mar, 2028 38 $761.04 $193.10 $150.00 $1,104.14 $153,293.83
Apr, 2028 39 $760.08 $194.06 $150.00 $1,104.14 $153,099.76
May, 2028 40 $759.12 $195.02 $150.00 $1,104.14 $152,904.74
Jun, 2028 41 $758.15 $195.99 $150.00 $1,104.14 $152,708.75
Jul, 2028 42 $757.18 $196.96 $150.00 $1,104.14 $152,511.79
Aug, 2028 43 $756.20 $197.94 $150.00 $1,104.14 $152,313.85
Sep, 2028 44 $755.22 $198.92 $150.00 $1,104.14 $152,114.93
Oct, 2028 45 $754.24 $199.91 $150.00 $1,104.14 $151,915.02
Nov, 2028 46 $753.25 $200.90 $150.00 $1,104.14 $151,714.12
Dec, 2028 47 $752.25 $201.89 $150.00 $1,104.14 $151,512.23
Jan, 2029 48 $751.25 $202.90 $150.00 $1,104.14 $151,309.33
Feb, 2029 49 $750.24 $203.90 $150.00 $1,104.14 $151,105.43
Mar, 2029 50 $749.23 $204.91 $150.00 $1,104.14 $150,900.52
Apr, 2029 51 $748.22 $205.93 $150.00 $1,104.14 $150,694.59
May, 2029 52 $747.19 $206.95 $150.00 $1,104.14 $150,487.64
Jun, 2029 53 $746.17 $207.98 $150.00 $1,104.14 $150,279.66
Jul, 2029 54 $745.14 $209.01 $150.00 $1,104.14 $150,070.66
Aug, 2029 55 $744.10 $210.04 $150.00 $1,104.14 $149,860.61
Sep, 2029 56 $743.06 $211.08 $150.00 $1,104.14 $149,649.53
Oct, 2029 57 $742.01 $212.13 $150.00 $1,104.14 $149,437.40
Nov, 2029 58 $740.96 $213.18 $150.00 $1,104.14 $149,224.21
Dec, 2029 59 $739.90 $214.24 $150.00 $1,104.14 $149,009.97
Jan, 2030 60 $738.84 $215.30 $150.00 $1,104.14 $148,794.67
Feb, 2030 61 $737.77 $216.37 $150.00 $1,104.14 $148,578.30
Mar, 2030 62 $736.70 $217.44 $150.00 $1,104.14 $148,360.86
Apr, 2030 63 $735.62 $218.52 $150.00 $1,104.14 $148,142.34
May, 2030 64 $734.54 $219.60 $150.00 $1,104.14 $147,922.73
Jun, 2030 65 $733.45 $220.69 $150.00 $1,104.14 $147,702.04
Jul, 2030 66 $732.36 $221.79 $150.00 $1,104.14 $147,480.25
Aug, 2030 67 $731.26 $222.89 $150.00 $1,104.14 $147,257.37
Sep, 2030 68 $730.15 $223.99 $150.00 $1,104.14 $147,033.37
Oct, 2030 69 $729.04 $225.10 $150.00 $1,104.14 $146,808.27
Nov, 2030 70 $727.92 $226.22 $150.00 $1,104.14 $146,582.05
Dec, 2030 71 $726.80 $227.34 $150.00 $1,104.14 $146,354.71
Jan, 2031 72 $725.68 $228.47 $150.00 $1,104.14 $146,126.24
Feb, 2031 73 $724.54 $229.60 $150.00 $1,104.14 $145,896.64
Mar, 2031 74 $723.40 $230.74 $150.00 $1,104.14 $145,665.90
Apr, 2031 75 $722.26 $231.88 $150.00 $1,104.14 $145,434.02
May, 2031 76 $721.11 $233.03 $150.00 $1,104.14 $145,200.98
Jun, 2031 77 $719.95 $234.19 $150.00 $1,104.14 $144,966.80
Jul, 2031 78 $718.79 $235.35 $150.00 $1,104.14 $144,731.45
Aug, 2031 79 $717.63 $236.52 $150.00 $1,104.14 $144,494.93
Sep, 2031 80 $716.45 $237.69 $150.00 $1,104.14 $144,257.24
Oct, 2031 81 $715.28 $238.87 $150.00 $1,104.14 $144,018.37
Nov, 2031 82 $714.09 $240.05 $150.00 $1,104.14 $143,778.32
Dec, 2031 83 $712.90 $241.24 $150.00 $1,104.14 $143,537.08
Jan, 2032 84 $711.70 $242.44 $150.00 $1,104.14 $143,294.64
Feb, 2032 85 $710.50 $243.64 $150.00 $1,104.14 $143,051.00
Mar, 2032 86 $709.29 $244.85 $150.00 $1,104.14 $142,806.15
Apr, 2032 87 $708.08 $246.06 $150.00 $1,104.14 $142,560.08
May, 2032 88 $706.86 $247.28 $150.00 $1,104.14 $142,312.80
Jun, 2032 89 $705.63 $248.51 $150.00 $1,104.14 $142,064.29
Jul, 2032 90 $704.40 $249.74 $150.00 $1,104.14 $141,814.55
Aug, 2032 91 $703.16 $250.98 $150.00 $1,104.14 $141,563.57
Sep, 2032 92 $701.92 $252.22 $150.00 $1,104.14 $141,311.35
Oct, 2032 93 $700.67 $253.47 $150.00 $1,104.14 $141,057.87
Nov, 2032 94 $699.41 $254.73 $150.00 $1,104.14 $140,803.14
Dec, 2032 95 $698.15 $255.99 $150.00 $1,104.14 $140,547.15
Jan, 2033 96 $696.88 $257.26 $150.00 $1,104.14 $140,289.88
Feb, 2033 97 $695.60 $258.54 $150.00 $1,104.14 $140,031.34
Mar, 2033 98 $694.32 $259.82 $150.00 $1,104.14 $139,771.52
Apr, 2033 99 $693.03 $261.11 $150.00 $1,104.14 $139,510.41
May, 2033 100 $691.74 $262.40 $150.00 $1,104.14 $139,248.01
Jun, 2033 101 $690.44 $263.71 $150.00 $1,104.14 $138,984.30
Jul, 2033 102 $689.13 $265.01 $150.00 $1,104.14 $138,719.29
Aug, 2033 103 $687.82 $266.33 $150.00 $1,104.14 $138,452.96
Sep, 2033 104 $686.50 $267.65 $150.00 $1,104.14 $138,185.31
Oct, 2033 105 $685.17 $268.97 $150.00 $1,104.14 $137,916.34
Nov, 2033 106 $683.84 $270.31 $150.00 $1,104.14 $137,646.03
Dec, 2033 107 $682.49 $271.65 $150.00 $1,104.14 $137,374.38
Jan, 2034 108 $681.15 $273.00 $150.00 $1,104.14 $137,101.39
Feb, 2034 109 $679.79 $274.35 $150.00 $1,104.14 $136,827.04
Mar, 2034 110 $678.43 $275.71 $150.00 $1,104.14 $136,551.33
Apr, 2034 111 $677.07 $277.08 $150.00 $1,104.14 $136,274.25
May, 2034 112 $675.69 $278.45 $150.00 $1,104.14 $135,995.80
Jun, 2034 113 $674.31 $279.83 $150.00 $1,104.14 $135,715.97
Jul, 2034 114 $672.93 $281.22 $150.00 $1,104.14 $135,434.75
Aug, 2034 115 $671.53 $282.61 $150.00 $1,104.14 $135,152.14
Sep, 2034 116 $670.13 $284.01 $150.00 $1,104.14 $134,868.12
Oct, 2034 117 $668.72 $285.42 $150.00 $1,104.14 $134,582.70
Nov, 2034 118 $667.31 $286.84 $150.00 $1,104.14 $134,295.86
Dec, 2034 119 $665.88 $288.26 $150.00 $1,104.14 $134,007.60
Jan, 2035 120 $664.45 $289.69 $150.00 $1,104.14 $133,717.92
Feb, 2035 121 $663.02 $291.13 $150.00 $1,104.14 $133,426.79
Mar, 2035 122 $661.57 $292.57 $150.00 $1,104.14 $133,134.22
Apr, 2035 123 $660.12 $294.02 $150.00 $1,104.14 $132,840.20
May, 2035 124 $658.67 $295.48 $150.00 $1,104.14 $132,544.72
Jun, 2035 125 $657.20 $296.94 $150.00 $1,104.14 $132,247.78
Jul, 2035 126 $655.73 $298.41 $150.00 $1,104.14 $131,949.37
Aug, 2035 127 $654.25 $299.89 $150.00 $1,104.14 $131,649.47
Sep, 2035 128 $652.76 $301.38 $150.00 $1,104.14 $131,348.09
Oct, 2035 129 $651.27 $302.88 $150.00 $1,104.14 $131,045.21
Nov, 2035 130 $649.77 $304.38 $150.00 $1,104.14 $130,740.84
Dec, 2035 131 $648.26 $305.89 $150.00 $1,104.14 $130,434.95
Jan, 2036 132 $646.74 $307.40 $150.00 $1,104.14 $130,127.55
Feb, 2036 133 $645.22 $308.93 $150.00 $1,104.14 $129,818.62
Mar, 2036 134 $643.68 $310.46 $150.00 $1,104.14 $129,508.16
Apr, 2036 135 $642.14 $312.00 $150.00 $1,104.14 $129,196.16
May, 2036 136 $640.60 $313.55 $150.00 $1,104.14 $128,882.61
Jun, 2036 137 $639.04 $315.10 $150.00 $1,104.14 $128,567.51
Jul, 2036 138 $637.48 $316.66 $150.00 $1,104.14 $128,250.85
Aug, 2036 139 $635.91 $318.23 $150.00 $1,104.14 $127,932.62
Sep, 2036 140 $634.33 $319.81 $150.00 $1,104.14 $127,612.81
Oct, 2036 141 $632.75 $321.40 $150.00 $1,104.14 $127,291.41
Nov, 2036 142 $631.15 $322.99 $150.00 $1,104.14 $126,968.42
Dec, 2036 143 $629.55 $324.59 $150.00 $1,104.14 $126,643.83
Jan, 2037 144 $627.94 $326.20 $150.00 $1,104.14 $126,317.63
Feb, 2037 145 $626.32 $327.82 $150.00 $1,104.14 $125,989.81
Mar, 2037 146 $624.70 $329.44 $150.00 $1,104.14 $125,660.36
Apr, 2037 147 $623.07 $331.08 $150.00 $1,104.14 $125,329.28
May, 2037 148 $621.42 $332.72 $150.00 $1,104.14 $124,996.57
Jun, 2037 149 $619.77 $334.37 $150.00 $1,104.14 $124,662.20
Jul, 2037 150 $618.12 $336.03 $150.00 $1,104.14 $124,326.17
Aug, 2037 151 $616.45 $337.69 $150.00 $1,104.14 $123,988.48
Sep, 2037 152 $614.78 $339.37 $150.00 $1,104.14 $123,649.11
Oct, 2037 153 $613.09 $341.05 $150.00 $1,104.14 $123,308.06
Nov, 2037 154 $611.40 $342.74 $150.00 $1,104.14 $122,965.32
Dec, 2037 155 $609.70 $344.44 $150.00 $1,104.14 $122,620.88
Jan, 2038 156 $608.00 $346.15 $150.00 $1,104.14 $122,274.73
Feb, 2038 157 $606.28 $347.86 $150.00 $1,104.14 $121,926.87
Mar, 2038 158 $604.55 $349.59 $150.00 $1,104.14 $121,577.28
Apr, 2038 159 $602.82 $351.32 $150.00 $1,104.14 $121,225.95
May, 2038 160 $601.08 $353.06 $150.00 $1,104.14 $120,872.89
Jun, 2038 161 $599.33 $354.82 $150.00 $1,104.14 $120,518.07
Jul, 2038 162 $597.57 $356.57 $150.00 $1,104.14 $120,161.50
Aug, 2038 163 $595.80 $358.34 $150.00 $1,104.14 $119,803.15
Sep, 2038 164 $594.02 $360.12 $150.00 $1,104.14 $119,443.04
Oct, 2038 165 $592.24 $361.91 $150.00 $1,104.14 $119,081.13
Nov, 2038 166 $590.44 $363.70 $150.00 $1,104.14 $118,717.43
Dec, 2038 167 $588.64 $365.50 $150.00 $1,104.14 $118,351.93
Jan, 2039 168 $586.83 $367.32 $150.00 $1,104.14 $117,984.61
Feb, 2039 169 $585.01 $369.14 $150.00 $1,104.14 $117,615.48
Mar, 2039 170 $583.18 $370.97 $150.00 $1,104.14 $117,244.51
Apr, 2039 171 $581.34 $372.81 $150.00 $1,104.14 $116,871.70
May, 2039 172 $579.49 $374.65 $150.00 $1,104.14 $116,497.05
Jun, 2039 173 $577.63 $376.51 $150.00 $1,104.14 $116,120.54
Jul, 2039 174 $575.76 $378.38 $150.00 $1,104.14 $115,742.16
Aug, 2039 175 $573.89 $380.26 $150.00 $1,104.14 $115,361.90
Sep, 2039 176 $572.00 $382.14 $150.00 $1,104.14 $114,979.76
Oct, 2039 177 $570.11 $384.04 $150.00 $1,104.14 $114,595.72
Nov, 2039 178 $568.20 $385.94 $150.00 $1,104.14 $114,209.79
Dec, 2039 179 $566.29 $387.85 $150.00 $1,104.14 $113,821.93
Jan, 2040 180 $564.37 $389.78 $150.00 $1,104.14 $113,432.16
Feb, 2040 181 $562.43 $391.71 $150.00 $1,104.14 $113,040.45
Mar, 2040 182 $560.49 $393.65 $150.00 $1,104.14 $112,646.79
Apr, 2040 183 $558.54 $395.60 $150.00 $1,104.14 $112,251.19
May, 2040 184 $556.58 $397.56 $150.00 $1,104.14 $111,853.63
Jun, 2040 185 $554.61 $399.54 $150.00 $1,104.14 $111,454.09
Jul, 2040 186 $552.63 $401.52 $150.00 $1,104.14 $111,052.57
Aug, 2040 187 $550.64 $403.51 $150.00 $1,104.14 $110,649.07
Sep, 2040 188 $548.63 $405.51 $150.00 $1,104.14 $110,243.56
Oct, 2040 189 $546.62 $407.52 $150.00 $1,104.14 $109,836.04
Nov, 2040 190 $544.60 $409.54 $150.00 $1,104.14 $109,426.50
Dec, 2040 191 $542.57 $411.57 $150.00 $1,104.14 $109,014.93
Jan, 2041 192 $540.53 $413.61 $150.00 $1,104.14 $108,601.32
Feb, 2041 193 $538.48 $415.66 $150.00 $1,104.14 $108,185.65
Mar, 2041 194 $536.42 $417.72 $150.00 $1,104.14 $107,767.93
Apr, 2041 195 $534.35 $419.79 $150.00 $1,104.14 $107,348.14
May, 2041 196 $532.27 $421.88 $150.00 $1,104.14 $106,926.26
Jun, 2041 197 $530.18 $423.97 $150.00 $1,104.14 $106,502.29
Jul, 2041 198 $528.07 $426.07 $150.00 $1,104.14 $106,076.22
Aug, 2041 199 $525.96 $428.18 $150.00 $1,104.14 $105,648.04
Sep, 2041 200 $523.84 $430.31 $150.00 $1,104.14 $105,217.74
Oct, 2041 201 $521.70 $432.44 $150.00 $1,104.14 $104,785.30
Nov, 2041 202 $519.56 $434.58 $150.00 $1,104.14 $104,350.71
Dec, 2041 203 $517.41 $436.74 $150.00 $1,104.14 $103,913.98
Jan, 2042 204 $515.24 $438.90 $150.00 $1,104.14 $103,475.07
Feb, 2042 205 $513.06 $441.08 $150.00 $1,104.14 $103,033.99
Mar, 2042 206 $510.88 $443.27 $150.00 $1,104.14 $102,590.73
Apr, 2042 207 $508.68 $445.46 $150.00 $1,104.14 $102,145.26
May, 2042 208 $506.47 $447.67 $150.00 $1,104.14 $101,697.59
Jun, 2042 209 $504.25 $449.89 $150.00 $1,104.14 $101,247.70
Jul, 2042 210 $502.02 $452.12 $150.00 $1,104.14 $100,795.57
Aug, 2042 211 $499.78 $454.37 $150.00 $1,104.14 $100,341.21
Sep, 2042 212 $497.53 $456.62 $150.00 $1,104.14 $99,884.59
Oct, 2042 213 $495.26 $458.88 $150.00 $1,104.14 $99,425.71
Nov, 2042 214 $492.99 $461.16 $150.00 $1,104.14 $98,964.55
Dec, 2042 215 $490.70 $463.44 $150.00 $1,104.14 $98,501.10
Jan, 2043 216 $488.40 $465.74 $150.00 $1,104.14 $98,035.36
Feb, 2043 217 $486.09 $468.05 $150.00 $1,104.14 $97,567.31
Mar, 2043 218 $483.77 $470.37 $150.00 $1,104.14 $97,096.94
Apr, 2043 219 $481.44 $472.70 $150.00 $1,104.14 $96,624.23
May, 2043 220 $479.10 $475.05 $150.00 $1,104.14 $96,149.19
Jun, 2043 221 $476.74 $477.40 $150.00 $1,104.14 $95,671.78
Jul, 2043 222 $474.37 $479.77 $150.00 $1,104.14 $95,192.01
Aug, 2043 223 $471.99 $482.15 $150.00 $1,104.14 $94,709.86
Sep, 2043 224 $469.60 $484.54 $150.00 $1,104.14 $94,225.32
Oct, 2043 225 $467.20 $486.94 $150.00 $1,104.14 $93,738.38
Nov, 2043 226 $464.79 $489.36 $150.00 $1,104.14 $93,249.02
Dec, 2043 227 $462.36 $491.78 $150.00 $1,104.14 $92,757.24
Jan, 2044 228 $459.92 $494.22 $150.00 $1,104.14 $92,263.01
Feb, 2044 229 $457.47 $496.67 $150.00 $1,104.14 $91,766.34
Mar, 2044 230 $455.01 $499.14 $150.00 $1,104.14 $91,267.21
Apr, 2044 231 $452.53 $501.61 $150.00 $1,104.14 $90,765.60
May, 2044 232 $450.05 $504.10 $150.00 $1,104.14 $90,261.50
Jun, 2044 233 $447.55 $506.60 $150.00 $1,104.14 $89,754.90
Jul, 2044 234 $445.03 $509.11 $150.00 $1,104.14 $89,245.79
Aug, 2044 235 $442.51 $511.63 $150.00 $1,104.14 $88,734.16
Sep, 2044 236 $439.97 $514.17 $150.00 $1,104.14 $88,219.99
Oct, 2044 237 $437.42 $516.72 $150.00 $1,104.14 $87,703.27
Nov, 2044 238 $434.86 $519.28 $150.00 $1,104.14 $87,183.99
Dec, 2044 239 $432.29 $521.86 $150.00 $1,104.14 $86,662.13
Jan, 2045 240 $429.70 $524.44 $150.00 $1,104.14 $86,137.69
Feb, 2045 241 $427.10 $527.04 $150.00 $1,104.14 $85,610.64
Mar, 2045 242 $424.49 $529.66 $150.00 $1,104.14 $85,080.99
Apr, 2045 243 $421.86 $532.28 $150.00 $1,104.14 $84,548.70
May, 2045 244 $419.22 $534.92 $150.00 $1,104.14 $84,013.78
Jun, 2045 245 $416.57 $537.58 $150.00 $1,104.14 $83,476.20
Jul, 2045 246 $413.90 $540.24 $150.00 $1,104.14 $82,935.96
Aug, 2045 247 $411.22 $542.92 $150.00 $1,104.14 $82,393.04
Sep, 2045 248 $408.53 $545.61 $150.00 $1,104.14 $81,847.43
Oct, 2045 249 $405.83 $548.32 $150.00 $1,104.14 $81,299.12
Nov, 2045 250 $403.11 $551.04 $150.00 $1,104.14 $80,748.08
Dec, 2045 251 $400.38 $553.77 $150.00 $1,104.14 $80,194.31
Jan, 2046 252 $397.63 $556.51 $150.00 $1,104.14 $79,637.80
Feb, 2046 253 $394.87 $559.27 $150.00 $1,104.14 $79,078.53
Mar, 2046 254 $392.10 $562.05 $150.00 $1,104.14 $78,516.48
Apr, 2046 255 $389.31 $564.83 $150.00 $1,104.14 $77,951.65
May, 2046 256 $386.51 $567.63 $150.00 $1,104.14 $77,384.02
Jun, 2046 257 $383.70 $570.45 $150.00 $1,104.14 $76,813.57
Jul, 2046 258 $380.87 $573.28 $150.00 $1,104.14 $76,240.29
Aug, 2046 259 $378.02 $576.12 $150.00 $1,104.14 $75,664.17
Sep, 2046 260 $375.17 $578.98 $150.00 $1,104.14 $75,085.20
Oct, 2046 261 $372.30 $581.85 $150.00 $1,104.14 $74,503.35
Nov, 2046 262 $369.41 $584.73 $150.00 $1,104.14 $73,918.62
Dec, 2046 263 $366.51 $587.63 $150.00 $1,104.14 $73,330.99
Jan, 2047 264 $363.60 $590.54 $150.00 $1,104.14 $72,740.45
Feb, 2047 265 $360.67 $593.47 $150.00 $1,104.14 $72,146.97
Mar, 2047 266 $357.73 $596.41 $150.00 $1,104.14 $71,550.56
Apr, 2047 267 $354.77 $599.37 $150.00 $1,104.14 $70,951.19
May, 2047 268 $351.80 $602.34 $150.00 $1,104.14 $70,348.84
Jun, 2047 269 $348.81 $605.33 $150.00 $1,104.14 $69,743.51
Jul, 2047 270 $345.81 $608.33 $150.00 $1,104.14 $69,135.18
Aug, 2047 271 $342.80 $611.35 $150.00 $1,104.14 $68,523.83
Sep, 2047 272 $339.76 $614.38 $150.00 $1,104.14 $67,909.45
Oct, 2047 273 $336.72 $617.43 $150.00 $1,104.14 $67,292.03
Nov, 2047 274 $333.66 $620.49 $150.00 $1,104.14 $66,671.54
Dec, 2047 275 $330.58 $623.56 $150.00 $1,104.14 $66,047.98
Jan, 2048 276 $327.49 $626.66 $150.00 $1,104.14 $65,421.32
Feb, 2048 277 $324.38 $629.76 $150.00 $1,104.14 $64,791.56
Mar, 2048 278 $321.26 $632.89 $150.00 $1,104.14 $64,158.67
Apr, 2048 279 $318.12 $636.02 $150.00 $1,104.14 $63,522.65
May, 2048 280 $314.97 $639.18 $150.00 $1,104.14 $62,883.47
Jun, 2048 281 $311.80 $642.35 $150.00 $1,104.14 $62,241.12
Jul, 2048 282 $308.61 $645.53 $150.00 $1,104.14 $61,595.59
Aug, 2048 283 $305.41 $648.73 $150.00 $1,104.14 $60,946.86
Sep, 2048 284 $302.19 $651.95 $150.00 $1,104.14 $60,294.91
Oct, 2048 285 $298.96 $655.18 $150.00 $1,104.14 $59,639.73
Nov, 2048 286 $295.71 $658.43 $150.00 $1,104.14 $58,981.30
Dec, 2048 287 $292.45 $661.69 $150.00 $1,104.14 $58,319.61
Jan, 2049 288 $289.17 $664.98 $150.00 $1,104.14 $57,654.63
Feb, 2049 289 $285.87 $668.27 $150.00 $1,104.14 $56,986.36
Mar, 2049 290 $282.56 $671.59 $150.00 $1,104.14 $56,314.77
Apr, 2049 291 $279.23 $674.92 $150.00 $1,104.14 $55,639.86
May, 2049 292 $275.88 $678.26 $150.00 $1,104.14 $54,961.59
Jun, 2049 293 $272.52 $681.63 $150.00 $1,104.14 $54,279.97
Jul, 2049 294 $269.14 $685.01 $150.00 $1,104.14 $53,594.96
Aug, 2049 295 $265.74 $688.40 $150.00 $1,104.14 $52,906.56
Sep, 2049 296 $262.33 $691.82 $150.00 $1,104.14 $52,214.75
Oct, 2049 297 $258.90 $695.25 $150.00 $1,104.14 $51,519.50
Nov, 2049 298 $255.45 $698.69 $150.00 $1,104.14 $50,820.81
Dec, 2049 299 $251.99 $702.16 $150.00 $1,104.14 $50,118.65
Jan, 2050 300 $248.50 $705.64 $150.00 $1,104.14 $49,413.01
Feb, 2050 301 $245.01 $709.14 $150.00 $1,104.14 $48,703.87
Mar, 2050 302 $241.49 $712.65 $150.00 $1,104.14 $47,991.22
Apr, 2050 303 $237.96 $716.19 $150.00 $1,104.14 $47,275.03
May, 2050 304 $234.41 $719.74 $150.00 $1,104.14 $46,555.30
Jun, 2050 305 $230.84 $723.31 $150.00 $1,104.14 $45,831.99
Jul, 2050 306 $227.25 $726.89 $150.00 $1,104.14 $45,105.10
Aug, 2050 307 $223.65 $730.50 $150.00 $1,104.14 $44,374.60
Sep, 2050 308 $220.02 $734.12 $150.00 $1,104.14 $43,640.48
Oct, 2050 309 $216.38 $737.76 $150.00 $1,104.14 $42,902.72
Nov, 2050 310 $212.73 $741.42 $150.00 $1,104.14 $42,161.30
Dec, 2050 311 $209.05 $745.09 $150.00 $1,104.14 $41,416.21
Jan, 2051 312 $205.36 $748.79 $150.00 $1,104.14 $40,667.42
Feb, 2051 313 $201.64 $752.50 $150.00 $1,104.14 $39,914.92
Mar, 2051 314 $197.91 $756.23 $150.00 $1,104.14 $39,158.69
Apr, 2051 315 $194.16 $759.98 $150.00 $1,104.14 $38,398.70
May, 2051 316 $190.39 $763.75 $150.00 $1,104.14 $37,634.95
Jun, 2051 317 $186.61 $767.54 $150.00 $1,104.14 $36,867.42
Jul, 2051 318 $182.80 $771.34 $150.00 $1,104.14 $36,096.08
Aug, 2051 319 $178.98 $775.17 $150.00 $1,104.14 $35,320.91
Sep, 2051 320 $175.13 $779.01 $150.00 $1,104.14 $34,541.90
Oct, 2051 321 $171.27 $782.87 $150.00 $1,104.14 $33,759.02
Nov, 2051 322 $167.39 $786.76 $150.00 $1,104.14 $32,972.27
Dec, 2051 323 $163.49 $790.66 $150.00 $1,104.14 $32,181.61
Jan, 2052 324 $159.57 $794.58 $150.00 $1,104.14 $31,387.04
Feb, 2052 325 $155.63 $798.52 $150.00 $1,104.14 $30,588.52
Mar, 2052 326 $151.67 $802.48 $150.00 $1,104.14 $29,786.04
Apr, 2052 327 $147.69 $806.45 $150.00 $1,104.14 $28,979.59
May, 2052 328 $143.69 $810.45 $150.00 $1,104.14 $28,169.14
Jun, 2052 329 $139.67 $814.47 $150.00 $1,104.14 $27,354.67
Jul, 2052 330 $135.63 $818.51 $150.00 $1,104.14 $26,536.16
Aug, 2052 331 $131.58 $822.57 $150.00 $1,104.14 $25,713.59
Sep, 2052 332 $127.50 $826.65 $150.00 $1,104.14 $24,886.94
Oct, 2052 333 $123.40 $830.75 $150.00 $1,104.14 $24,056.19
Nov, 2052 334 $119.28 $834.86 $150.00 $1,104.14 $23,221.33
Dec, 2052 335 $115.14 $839.00 $150.00 $1,104.14 $22,382.33
Jan, 2053 336 $110.98 $843.16 $150.00 $1,104.14 $21,539.16
Feb, 2053 337 $106.80 $847.35 $150.00 $1,104.14 $20,691.82
Mar, 2053 338 $102.60 $851.55 $150.00 $1,104.14 $19,840.27
Apr, 2053 339 $98.37 $855.77 $150.00 $1,104.14 $18,984.50
May, 2053 340 $94.13 $860.01 $150.00 $1,104.14 $18,124.49
Jun, 2053 341 $89.87 $864.28 $150.00 $1,104.14 $17,260.21
Jul, 2053 342 $85.58 $868.56 $150.00 $1,104.14 $16,391.65
Aug, 2053 343 $81.28 $872.87 $150.00 $1,104.14 $15,518.78
Sep, 2053 344 $76.95 $877.20 $150.00 $1,104.14 $14,641.59
Oct, 2053 345 $72.60 $881.55 $150.00 $1,104.14 $13,760.04
Nov, 2053 346 $68.23 $885.92 $150.00 $1,104.14 $12,874.12
Dec, 2053 347 $63.83 $890.31 $150.00 $1,104.14 $11,983.81
Jan, 2054 348 $59.42 $894.72 $150.00 $1,104.14 $11,089.09
Feb, 2054 349 $54.98 $899.16 $150.00 $1,104.14 $10,189.93
Mar, 2054 350 $50.53 $903.62 $150.00 $1,104.14 $9,286.31
Apr, 2054 351 $46.04 $908.10 $150.00 $1,104.14 $8,378.21
May, 2054 352 $41.54 $912.60 $150.00 $1,104.14 $7,465.61
Jun, 2054 353 $37.02 $917.13 $150.00 $1,104.14 $6,548.48
Jul, 2054 354 $32.47 $921.67 $150.00 $1,104.14 $5,626.81
Aug, 2054 355 $27.90 $926.24 $150.00 $1,104.14 $4,700.57
Sep, 2054 356 $23.31 $930.84 $150.00 $1,104.14 $3,769.73
Oct, 2054 357 $18.69 $935.45 $150.00 $1,104.14 $2,834.28
Nov, 2054 358 $14.05 $940.09 $150.00 $1,104.14 $1,894.19
Dec, 2054 359 $9.39 $944.75 $150.00 $1,104.14 $949.44
Jan, 2055 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 Jan, 2055 Jul, 2049

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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