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: Jun, 2023
Payoff Date: May, 2053
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, 2023 1 $793.33 $160.81 $150.00 $1,104.14 $159,839.19
Jul, 2023 2 $792.54 $161.61 $150.00 $1,104.14 $159,677.58
Aug, 2023 3 $791.73 $162.41 $150.00 $1,104.14 $159,515.17
Sep, 2023 4 $790.93 $163.21 $150.00 $1,104.14 $159,351.96
Oct, 2023 5 $790.12 $164.02 $150.00 $1,104.14 $159,187.94
Nov, 2023 6 $789.31 $164.84 $150.00 $1,104.14 $159,023.10
Dec, 2023 7 $788.49 $165.65 $150.00 $1,104.14 $158,857.45
Jan, 2024 8 $787.67 $166.48 $150.00 $1,104.14 $158,690.97
Feb, 2024 9 $786.84 $167.30 $150.00 $1,104.14 $158,523.67
Mar, 2024 10 $786.01 $168.13 $150.00 $1,104.14 $158,355.54
Apr, 2024 11 $785.18 $168.96 $150.00 $1,104.14 $158,186.57
May, 2024 12 $784.34 $169.80 $150.00 $1,104.14 $158,016.77
Jun, 2024 13 $783.50 $170.64 $150.00 $1,104.14 $157,846.13
Jul, 2024 14 $782.65 $171.49 $150.00 $1,104.14 $157,674.64
Aug, 2024 15 $781.80 $172.34 $150.00 $1,104.14 $157,502.30
Sep, 2024 16 $780.95 $173.19 $150.00 $1,104.14 $157,329.10
Oct, 2024 17 $780.09 $174.05 $150.00 $1,104.14 $157,155.05
Nov, 2024 18 $779.23 $174.92 $150.00 $1,104.14 $156,980.13
Dec, 2024 19 $778.36 $175.78 $150.00 $1,104.14 $156,804.35
Jan, 2025 20 $777.49 $176.66 $150.00 $1,104.14 $156,627.70
Feb, 2025 21 $776.61 $177.53 $150.00 $1,104.14 $156,450.16
Mar, 2025 22 $775.73 $178.41 $150.00 $1,104.14 $156,271.75
Apr, 2025 23 $774.85 $179.30 $150.00 $1,104.14 $156,092.46
May, 2025 24 $773.96 $180.19 $150.00 $1,104.14 $155,912.27
Jun, 2025 25 $773.07 $181.08 $150.00 $1,104.14 $155,731.19
Jul, 2025 26 $772.17 $181.98 $150.00 $1,104.14 $155,549.22
Aug, 2025 27 $771.26 $182.88 $150.00 $1,104.14 $155,366.34
Sep, 2025 28 $770.36 $183.79 $150.00 $1,104.14 $155,182.55
Oct, 2025 29 $769.45 $184.70 $150.00 $1,104.14 $154,997.86
Nov, 2025 30 $768.53 $185.61 $150.00 $1,104.14 $154,812.24
Dec, 2025 31 $767.61 $186.53 $150.00 $1,104.14 $154,625.71
Jan, 2026 32 $766.69 $187.46 $150.00 $1,104.14 $154,438.25
Feb, 2026 33 $765.76 $188.39 $150.00 $1,104.14 $154,249.87
Mar, 2026 34 $764.82 $189.32 $150.00 $1,104.14 $154,060.54
Apr, 2026 35 $763.88 $190.26 $150.00 $1,104.14 $153,870.28
May, 2026 36 $762.94 $191.20 $150.00 $1,104.14 $153,679.08
Jun, 2026 37 $761.99 $192.15 $150.00 $1,104.14 $153,486.93
Jul, 2026 38 $761.04 $193.10 $150.00 $1,104.14 $153,293.83
Aug, 2026 39 $760.08 $194.06 $150.00 $1,104.14 $153,099.76
Sep, 2026 40 $759.12 $195.02 $150.00 $1,104.14 $152,904.74
Oct, 2026 41 $758.15 $195.99 $150.00 $1,104.14 $152,708.75
Nov, 2026 42 $757.18 $196.96 $150.00 $1,104.14 $152,511.79
Dec, 2026 43 $756.20 $197.94 $150.00 $1,104.14 $152,313.85
Jan, 2027 44 $755.22 $198.92 $150.00 $1,104.14 $152,114.93
Feb, 2027 45 $754.24 $199.91 $150.00 $1,104.14 $151,915.02
Mar, 2027 46 $753.25 $200.90 $150.00 $1,104.14 $151,714.12
Apr, 2027 47 $752.25 $201.89 $150.00 $1,104.14 $151,512.23
May, 2027 48 $751.25 $202.90 $150.00 $1,104.14 $151,309.33
Jun, 2027 49 $750.24 $203.90 $150.00 $1,104.14 $151,105.43
Jul, 2027 50 $749.23 $204.91 $150.00 $1,104.14 $150,900.52
Aug, 2027 51 $748.22 $205.93 $150.00 $1,104.14 $150,694.59
Sep, 2027 52 $747.19 $206.95 $150.00 $1,104.14 $150,487.64
Oct, 2027 53 $746.17 $207.98 $150.00 $1,104.14 $150,279.66
Nov, 2027 54 $745.14 $209.01 $150.00 $1,104.14 $150,070.66
Dec, 2027 55 $744.10 $210.04 $150.00 $1,104.14 $149,860.61
Jan, 2028 56 $743.06 $211.08 $150.00 $1,104.14 $149,649.53
Feb, 2028 57 $742.01 $212.13 $150.00 $1,104.14 $149,437.40
Mar, 2028 58 $740.96 $213.18 $150.00 $1,104.14 $149,224.21
Apr, 2028 59 $739.90 $214.24 $150.00 $1,104.14 $149,009.97
May, 2028 60 $738.84 $215.30 $150.00 $1,104.14 $148,794.67
Jun, 2028 61 $737.77 $216.37 $150.00 $1,104.14 $148,578.30
Jul, 2028 62 $736.70 $217.44 $150.00 $1,104.14 $148,360.86
Aug, 2028 63 $735.62 $218.52 $150.00 $1,104.14 $148,142.34
Sep, 2028 64 $734.54 $219.60 $150.00 $1,104.14 $147,922.73
Oct, 2028 65 $733.45 $220.69 $150.00 $1,104.14 $147,702.04
Nov, 2028 66 $732.36 $221.79 $150.00 $1,104.14 $147,480.25
Dec, 2028 67 $731.26 $222.89 $150.00 $1,104.14 $147,257.37
Jan, 2029 68 $730.15 $223.99 $150.00 $1,104.14 $147,033.37
Feb, 2029 69 $729.04 $225.10 $150.00 $1,104.14 $146,808.27
Mar, 2029 70 $727.92 $226.22 $150.00 $1,104.14 $146,582.05
Apr, 2029 71 $726.80 $227.34 $150.00 $1,104.14 $146,354.71
May, 2029 72 $725.68 $228.47 $150.00 $1,104.14 $146,126.24
Jun, 2029 73 $724.54 $229.60 $150.00 $1,104.14 $145,896.64
Jul, 2029 74 $723.40 $230.74 $150.00 $1,104.14 $145,665.90
Aug, 2029 75 $722.26 $231.88 $150.00 $1,104.14 $145,434.02
Sep, 2029 76 $721.11 $233.03 $150.00 $1,104.14 $145,200.98
Oct, 2029 77 $719.95 $234.19 $150.00 $1,104.14 $144,966.80
Nov, 2029 78 $718.79 $235.35 $150.00 $1,104.14 $144,731.45
Dec, 2029 79 $717.63 $236.52 $150.00 $1,104.14 $144,494.93
Jan, 2030 80 $716.45 $237.69 $150.00 $1,104.14 $144,257.24
Feb, 2030 81 $715.28 $238.87 $150.00 $1,104.14 $144,018.37
Mar, 2030 82 $714.09 $240.05 $150.00 $1,104.14 $143,778.32
Apr, 2030 83 $712.90 $241.24 $150.00 $1,104.14 $143,537.08
May, 2030 84 $711.70 $242.44 $150.00 $1,104.14 $143,294.64
Jun, 2030 85 $710.50 $243.64 $150.00 $1,104.14 $143,051.00
Jul, 2030 86 $709.29 $244.85 $150.00 $1,104.14 $142,806.15
Aug, 2030 87 $708.08 $246.06 $150.00 $1,104.14 $142,560.08
Sep, 2030 88 $706.86 $247.28 $150.00 $1,104.14 $142,312.80
Oct, 2030 89 $705.63 $248.51 $150.00 $1,104.14 $142,064.29
Nov, 2030 90 $704.40 $249.74 $150.00 $1,104.14 $141,814.55
Dec, 2030 91 $703.16 $250.98 $150.00 $1,104.14 $141,563.57
Jan, 2031 92 $701.92 $252.22 $150.00 $1,104.14 $141,311.35
Feb, 2031 93 $700.67 $253.47 $150.00 $1,104.14 $141,057.87
Mar, 2031 94 $699.41 $254.73 $150.00 $1,104.14 $140,803.14
Apr, 2031 95 $698.15 $255.99 $150.00 $1,104.14 $140,547.15
May, 2031 96 $696.88 $257.26 $150.00 $1,104.14 $140,289.88
Jun, 2031 97 $695.60 $258.54 $150.00 $1,104.14 $140,031.34
Jul, 2031 98 $694.32 $259.82 $150.00 $1,104.14 $139,771.52
Aug, 2031 99 $693.03 $261.11 $150.00 $1,104.14 $139,510.41
Sep, 2031 100 $691.74 $262.40 $150.00 $1,104.14 $139,248.01
Oct, 2031 101 $690.44 $263.71 $150.00 $1,104.14 $138,984.30
Nov, 2031 102 $689.13 $265.01 $150.00 $1,104.14 $138,719.29
Dec, 2031 103 $687.82 $266.33 $150.00 $1,104.14 $138,452.96
Jan, 2032 104 $686.50 $267.65 $150.00 $1,104.14 $138,185.31
Feb, 2032 105 $685.17 $268.97 $150.00 $1,104.14 $137,916.34
Mar, 2032 106 $683.84 $270.31 $150.00 $1,104.14 $137,646.03
Apr, 2032 107 $682.49 $271.65 $150.00 $1,104.14 $137,374.38
May, 2032 108 $681.15 $273.00 $150.00 $1,104.14 $137,101.39
Jun, 2032 109 $679.79 $274.35 $150.00 $1,104.14 $136,827.04
Jul, 2032 110 $678.43 $275.71 $150.00 $1,104.14 $136,551.33
Aug, 2032 111 $677.07 $277.08 $150.00 $1,104.14 $136,274.25
Sep, 2032 112 $675.69 $278.45 $150.00 $1,104.14 $135,995.80
Oct, 2032 113 $674.31 $279.83 $150.00 $1,104.14 $135,715.97
Nov, 2032 114 $672.93 $281.22 $150.00 $1,104.14 $135,434.75
Dec, 2032 115 $671.53 $282.61 $150.00 $1,104.14 $135,152.14
Jan, 2033 116 $670.13 $284.01 $150.00 $1,104.14 $134,868.12
Feb, 2033 117 $668.72 $285.42 $150.00 $1,104.14 $134,582.70
Mar, 2033 118 $667.31 $286.84 $150.00 $1,104.14 $134,295.86
Apr, 2033 119 $665.88 $288.26 $150.00 $1,104.14 $134,007.60
May, 2033 120 $664.45 $289.69 $150.00 $1,104.14 $133,717.92
Jun, 2033 121 $663.02 $291.13 $150.00 $1,104.14 $133,426.79
Jul, 2033 122 $661.57 $292.57 $150.00 $1,104.14 $133,134.22
Aug, 2033 123 $660.12 $294.02 $150.00 $1,104.14 $132,840.20
Sep, 2033 124 $658.67 $295.48 $150.00 $1,104.14 $132,544.72
Oct, 2033 125 $657.20 $296.94 $150.00 $1,104.14 $132,247.78
Nov, 2033 126 $655.73 $298.41 $150.00 $1,104.14 $131,949.37
Dec, 2033 127 $654.25 $299.89 $150.00 $1,104.14 $131,649.47
Jan, 2034 128 $652.76 $301.38 $150.00 $1,104.14 $131,348.09
Feb, 2034 129 $651.27 $302.88 $150.00 $1,104.14 $131,045.21
Mar, 2034 130 $649.77 $304.38 $150.00 $1,104.14 $130,740.84
Apr, 2034 131 $648.26 $305.89 $150.00 $1,104.14 $130,434.95
May, 2034 132 $646.74 $307.40 $150.00 $1,104.14 $130,127.55
Jun, 2034 133 $645.22 $308.93 $150.00 $1,104.14 $129,818.62
Jul, 2034 134 $643.68 $310.46 $150.00 $1,104.14 $129,508.16
Aug, 2034 135 $642.14 $312.00 $150.00 $1,104.14 $129,196.16
Sep, 2034 136 $640.60 $313.55 $150.00 $1,104.14 $128,882.61
Oct, 2034 137 $639.04 $315.10 $150.00 $1,104.14 $128,567.51
Nov, 2034 138 $637.48 $316.66 $150.00 $1,104.14 $128,250.85
Dec, 2034 139 $635.91 $318.23 $150.00 $1,104.14 $127,932.62
Jan, 2035 140 $634.33 $319.81 $150.00 $1,104.14 $127,612.81
Feb, 2035 141 $632.75 $321.40 $150.00 $1,104.14 $127,291.41
Mar, 2035 142 $631.15 $322.99 $150.00 $1,104.14 $126,968.42
Apr, 2035 143 $629.55 $324.59 $150.00 $1,104.14 $126,643.83
May, 2035 144 $627.94 $326.20 $150.00 $1,104.14 $126,317.63
Jun, 2035 145 $626.32 $327.82 $150.00 $1,104.14 $125,989.81
Jul, 2035 146 $624.70 $329.44 $150.00 $1,104.14 $125,660.36
Aug, 2035 147 $623.07 $331.08 $150.00 $1,104.14 $125,329.28
Sep, 2035 148 $621.42 $332.72 $150.00 $1,104.14 $124,996.57
Oct, 2035 149 $619.77 $334.37 $150.00 $1,104.14 $124,662.20
Nov, 2035 150 $618.12 $336.03 $150.00 $1,104.14 $124,326.17
Dec, 2035 151 $616.45 $337.69 $150.00 $1,104.14 $123,988.48
Jan, 2036 152 $614.78 $339.37 $150.00 $1,104.14 $123,649.11
Feb, 2036 153 $613.09 $341.05 $150.00 $1,104.14 $123,308.06
Mar, 2036 154 $611.40 $342.74 $150.00 $1,104.14 $122,965.32
Apr, 2036 155 $609.70 $344.44 $150.00 $1,104.14 $122,620.88
May, 2036 156 $608.00 $346.15 $150.00 $1,104.14 $122,274.73
Jun, 2036 157 $606.28 $347.86 $150.00 $1,104.14 $121,926.87
Jul, 2036 158 $604.55 $349.59 $150.00 $1,104.14 $121,577.28
Aug, 2036 159 $602.82 $351.32 $150.00 $1,104.14 $121,225.95
Sep, 2036 160 $601.08 $353.06 $150.00 $1,104.14 $120,872.89
Oct, 2036 161 $599.33 $354.82 $150.00 $1,104.14 $120,518.07
Nov, 2036 162 $597.57 $356.57 $150.00 $1,104.14 $120,161.50
Dec, 2036 163 $595.80 $358.34 $150.00 $1,104.14 $119,803.15
Jan, 2037 164 $594.02 $360.12 $150.00 $1,104.14 $119,443.04
Feb, 2037 165 $592.24 $361.91 $150.00 $1,104.14 $119,081.13
Mar, 2037 166 $590.44 $363.70 $150.00 $1,104.14 $118,717.43
Apr, 2037 167 $588.64 $365.50 $150.00 $1,104.14 $118,351.93
May, 2037 168 $586.83 $367.32 $150.00 $1,104.14 $117,984.61
Jun, 2037 169 $585.01 $369.14 $150.00 $1,104.14 $117,615.48
Jul, 2037 170 $583.18 $370.97 $150.00 $1,104.14 $117,244.51
Aug, 2037 171 $581.34 $372.81 $150.00 $1,104.14 $116,871.70
Sep, 2037 172 $579.49 $374.65 $150.00 $1,104.14 $116,497.05
Oct, 2037 173 $577.63 $376.51 $150.00 $1,104.14 $116,120.54
Nov, 2037 174 $575.76 $378.38 $150.00 $1,104.14 $115,742.16
Dec, 2037 175 $573.89 $380.26 $150.00 $1,104.14 $115,361.90
Jan, 2038 176 $572.00 $382.14 $150.00 $1,104.14 $114,979.76
Feb, 2038 177 $570.11 $384.04 $150.00 $1,104.14 $114,595.72
Mar, 2038 178 $568.20 $385.94 $150.00 $1,104.14 $114,209.79
Apr, 2038 179 $566.29 $387.85 $150.00 $1,104.14 $113,821.93
May, 2038 180 $564.37 $389.78 $150.00 $1,104.14 $113,432.16
Jun, 2038 181 $562.43 $391.71 $150.00 $1,104.14 $113,040.45
Jul, 2038 182 $560.49 $393.65 $150.00 $1,104.14 $112,646.79
Aug, 2038 183 $558.54 $395.60 $150.00 $1,104.14 $112,251.19
Sep, 2038 184 $556.58 $397.56 $150.00 $1,104.14 $111,853.63
Oct, 2038 185 $554.61 $399.54 $150.00 $1,104.14 $111,454.09
Nov, 2038 186 $552.63 $401.52 $150.00 $1,104.14 $111,052.57
Dec, 2038 187 $550.64 $403.51 $150.00 $1,104.14 $110,649.07
Jan, 2039 188 $548.63 $405.51 $150.00 $1,104.14 $110,243.56
Feb, 2039 189 $546.62 $407.52 $150.00 $1,104.14 $109,836.04
Mar, 2039 190 $544.60 $409.54 $150.00 $1,104.14 $109,426.50
Apr, 2039 191 $542.57 $411.57 $150.00 $1,104.14 $109,014.93
May, 2039 192 $540.53 $413.61 $150.00 $1,104.14 $108,601.32
Jun, 2039 193 $538.48 $415.66 $150.00 $1,104.14 $108,185.65
Jul, 2039 194 $536.42 $417.72 $150.00 $1,104.14 $107,767.93
Aug, 2039 195 $534.35 $419.79 $150.00 $1,104.14 $107,348.14
Sep, 2039 196 $532.27 $421.88 $150.00 $1,104.14 $106,926.26
Oct, 2039 197 $530.18 $423.97 $150.00 $1,104.14 $106,502.29
Nov, 2039 198 $528.07 $426.07 $150.00 $1,104.14 $106,076.22
Dec, 2039 199 $525.96 $428.18 $150.00 $1,104.14 $105,648.04
Jan, 2040 200 $523.84 $430.31 $150.00 $1,104.14 $105,217.74
Feb, 2040 201 $521.70 $432.44 $150.00 $1,104.14 $104,785.30
Mar, 2040 202 $519.56 $434.58 $150.00 $1,104.14 $104,350.71
Apr, 2040 203 $517.41 $436.74 $150.00 $1,104.14 $103,913.98
May, 2040 204 $515.24 $438.90 $150.00 $1,104.14 $103,475.07
Jun, 2040 205 $513.06 $441.08 $150.00 $1,104.14 $103,033.99
Jul, 2040 206 $510.88 $443.27 $150.00 $1,104.14 $102,590.73
Aug, 2040 207 $508.68 $445.46 $150.00 $1,104.14 $102,145.26
Sep, 2040 208 $506.47 $447.67 $150.00 $1,104.14 $101,697.59
Oct, 2040 209 $504.25 $449.89 $150.00 $1,104.14 $101,247.70
Nov, 2040 210 $502.02 $452.12 $150.00 $1,104.14 $100,795.57
Dec, 2040 211 $499.78 $454.37 $150.00 $1,104.14 $100,341.21
Jan, 2041 212 $497.53 $456.62 $150.00 $1,104.14 $99,884.59
Feb, 2041 213 $495.26 $458.88 $150.00 $1,104.14 $99,425.71
Mar, 2041 214 $492.99 $461.16 $150.00 $1,104.14 $98,964.55
Apr, 2041 215 $490.70 $463.44 $150.00 $1,104.14 $98,501.10
May, 2041 216 $488.40 $465.74 $150.00 $1,104.14 $98,035.36
Jun, 2041 217 $486.09 $468.05 $150.00 $1,104.14 $97,567.31
Jul, 2041 218 $483.77 $470.37 $150.00 $1,104.14 $97,096.94
Aug, 2041 219 $481.44 $472.70 $150.00 $1,104.14 $96,624.23
Sep, 2041 220 $479.10 $475.05 $150.00 $1,104.14 $96,149.19
Oct, 2041 221 $476.74 $477.40 $150.00 $1,104.14 $95,671.78
Nov, 2041 222 $474.37 $479.77 $150.00 $1,104.14 $95,192.01
Dec, 2041 223 $471.99 $482.15 $150.00 $1,104.14 $94,709.86
Jan, 2042 224 $469.60 $484.54 $150.00 $1,104.14 $94,225.32
Feb, 2042 225 $467.20 $486.94 $150.00 $1,104.14 $93,738.38
Mar, 2042 226 $464.79 $489.36 $150.00 $1,104.14 $93,249.02
Apr, 2042 227 $462.36 $491.78 $150.00 $1,104.14 $92,757.24
May, 2042 228 $459.92 $494.22 $150.00 $1,104.14 $92,263.01
Jun, 2042 229 $457.47 $496.67 $150.00 $1,104.14 $91,766.34
Jul, 2042 230 $455.01 $499.14 $150.00 $1,104.14 $91,267.21
Aug, 2042 231 $452.53 $501.61 $150.00 $1,104.14 $90,765.60
Sep, 2042 232 $450.05 $504.10 $150.00 $1,104.14 $90,261.50
Oct, 2042 233 $447.55 $506.60 $150.00 $1,104.14 $89,754.90
Nov, 2042 234 $445.03 $509.11 $150.00 $1,104.14 $89,245.79
Dec, 2042 235 $442.51 $511.63 $150.00 $1,104.14 $88,734.16
Jan, 2043 236 $439.97 $514.17 $150.00 $1,104.14 $88,219.99
Feb, 2043 237 $437.42 $516.72 $150.00 $1,104.14 $87,703.27
Mar, 2043 238 $434.86 $519.28 $150.00 $1,104.14 $87,183.99
Apr, 2043 239 $432.29 $521.86 $150.00 $1,104.14 $86,662.13
May, 2043 240 $429.70 $524.44 $150.00 $1,104.14 $86,137.69
Jun, 2043 241 $427.10 $527.04 $150.00 $1,104.14 $85,610.64
Jul, 2043 242 $424.49 $529.66 $150.00 $1,104.14 $85,080.99
Aug, 2043 243 $421.86 $532.28 $150.00 $1,104.14 $84,548.70
Sep, 2043 244 $419.22 $534.92 $150.00 $1,104.14 $84,013.78
Oct, 2043 245 $416.57 $537.58 $150.00 $1,104.14 $83,476.20
Nov, 2043 246 $413.90 $540.24 $150.00 $1,104.14 $82,935.96
Dec, 2043 247 $411.22 $542.92 $150.00 $1,104.14 $82,393.04
Jan, 2044 248 $408.53 $545.61 $150.00 $1,104.14 $81,847.43
Feb, 2044 249 $405.83 $548.32 $150.00 $1,104.14 $81,299.12
Mar, 2044 250 $403.11 $551.04 $150.00 $1,104.14 $80,748.08
Apr, 2044 251 $400.38 $553.77 $150.00 $1,104.14 $80,194.31
May, 2044 252 $397.63 $556.51 $150.00 $1,104.14 $79,637.80
Jun, 2044 253 $394.87 $559.27 $150.00 $1,104.14 $79,078.53
Jul, 2044 254 $392.10 $562.05 $150.00 $1,104.14 $78,516.48
Aug, 2044 255 $389.31 $564.83 $150.00 $1,104.14 $77,951.65
Sep, 2044 256 $386.51 $567.63 $150.00 $1,104.14 $77,384.02
Oct, 2044 257 $383.70 $570.45 $150.00 $1,104.14 $76,813.57
Nov, 2044 258 $380.87 $573.28 $150.00 $1,104.14 $76,240.29
Dec, 2044 259 $378.02 $576.12 $150.00 $1,104.14 $75,664.17
Jan, 2045 260 $375.17 $578.98 $150.00 $1,104.14 $75,085.20
Feb, 2045 261 $372.30 $581.85 $150.00 $1,104.14 $74,503.35
Mar, 2045 262 $369.41 $584.73 $150.00 $1,104.14 $73,918.62
Apr, 2045 263 $366.51 $587.63 $150.00 $1,104.14 $73,330.99
May, 2045 264 $363.60 $590.54 $150.00 $1,104.14 $72,740.45
Jun, 2045 265 $360.67 $593.47 $150.00 $1,104.14 $72,146.97
Jul, 2045 266 $357.73 $596.41 $150.00 $1,104.14 $71,550.56
Aug, 2045 267 $354.77 $599.37 $150.00 $1,104.14 $70,951.19
Sep, 2045 268 $351.80 $602.34 $150.00 $1,104.14 $70,348.84
Oct, 2045 269 $348.81 $605.33 $150.00 $1,104.14 $69,743.51
Nov, 2045 270 $345.81 $608.33 $150.00 $1,104.14 $69,135.18
Dec, 2045 271 $342.80 $611.35 $150.00 $1,104.14 $68,523.83
Jan, 2046 272 $339.76 $614.38 $150.00 $1,104.14 $67,909.45
Feb, 2046 273 $336.72 $617.43 $150.00 $1,104.14 $67,292.03
Mar, 2046 274 $333.66 $620.49 $150.00 $1,104.14 $66,671.54
Apr, 2046 275 $330.58 $623.56 $150.00 $1,104.14 $66,047.98
May, 2046 276 $327.49 $626.66 $150.00 $1,104.14 $65,421.32
Jun, 2046 277 $324.38 $629.76 $150.00 $1,104.14 $64,791.56
Jul, 2046 278 $321.26 $632.89 $150.00 $1,104.14 $64,158.67
Aug, 2046 279 $318.12 $636.02 $150.00 $1,104.14 $63,522.65
Sep, 2046 280 $314.97 $639.18 $150.00 $1,104.14 $62,883.47
Oct, 2046 281 $311.80 $642.35 $150.00 $1,104.14 $62,241.12
Nov, 2046 282 $308.61 $645.53 $150.00 $1,104.14 $61,595.59
Dec, 2046 283 $305.41 $648.73 $150.00 $1,104.14 $60,946.86
Jan, 2047 284 $302.19 $651.95 $150.00 $1,104.14 $60,294.91
Feb, 2047 285 $298.96 $655.18 $150.00 $1,104.14 $59,639.73
Mar, 2047 286 $295.71 $658.43 $150.00 $1,104.14 $58,981.30
Apr, 2047 287 $292.45 $661.69 $150.00 $1,104.14 $58,319.61
May, 2047 288 $289.17 $664.98 $150.00 $1,104.14 $57,654.63
Jun, 2047 289 $285.87 $668.27 $150.00 $1,104.14 $56,986.36
Jul, 2047 290 $282.56 $671.59 $150.00 $1,104.14 $56,314.77
Aug, 2047 291 $279.23 $674.92 $150.00 $1,104.14 $55,639.86
Sep, 2047 292 $275.88 $678.26 $150.00 $1,104.14 $54,961.59
Oct, 2047 293 $272.52 $681.63 $150.00 $1,104.14 $54,279.97
Nov, 2047 294 $269.14 $685.01 $150.00 $1,104.14 $53,594.96
Dec, 2047 295 $265.74 $688.40 $150.00 $1,104.14 $52,906.56
Jan, 2048 296 $262.33 $691.82 $150.00 $1,104.14 $52,214.75
Feb, 2048 297 $258.90 $695.25 $150.00 $1,104.14 $51,519.50
Mar, 2048 298 $255.45 $698.69 $150.00 $1,104.14 $50,820.81
Apr, 2048 299 $251.99 $702.16 $150.00 $1,104.14 $50,118.65
May, 2048 300 $248.50 $705.64 $150.00 $1,104.14 $49,413.01
Jun, 2048 301 $245.01 $709.14 $150.00 $1,104.14 $48,703.87
Jul, 2048 302 $241.49 $712.65 $150.00 $1,104.14 $47,991.22
Aug, 2048 303 $237.96 $716.19 $150.00 $1,104.14 $47,275.03
Sep, 2048 304 $234.41 $719.74 $150.00 $1,104.14 $46,555.30
Oct, 2048 305 $230.84 $723.31 $150.00 $1,104.14 $45,831.99
Nov, 2048 306 $227.25 $726.89 $150.00 $1,104.14 $45,105.10
Dec, 2048 307 $223.65 $730.50 $150.00 $1,104.14 $44,374.60
Jan, 2049 308 $220.02 $734.12 $150.00 $1,104.14 $43,640.48
Feb, 2049 309 $216.38 $737.76 $150.00 $1,104.14 $42,902.72
Mar, 2049 310 $212.73 $741.42 $150.00 $1,104.14 $42,161.30
Apr, 2049 311 $209.05 $745.09 $150.00 $1,104.14 $41,416.21
May, 2049 312 $205.36 $748.79 $150.00 $1,104.14 $40,667.42
Jun, 2049 313 $201.64 $752.50 $150.00 $1,104.14 $39,914.92
Jul, 2049 314 $197.91 $756.23 $150.00 $1,104.14 $39,158.69
Aug, 2049 315 $194.16 $759.98 $150.00 $1,104.14 $38,398.70
Sep, 2049 316 $190.39 $763.75 $150.00 $1,104.14 $37,634.95
Oct, 2049 317 $186.61 $767.54 $150.00 $1,104.14 $36,867.42
Nov, 2049 318 $182.80 $771.34 $150.00 $1,104.14 $36,096.08
Dec, 2049 319 $178.98 $775.17 $150.00 $1,104.14 $35,320.91
Jan, 2050 320 $175.13 $779.01 $150.00 $1,104.14 $34,541.90
Feb, 2050 321 $171.27 $782.87 $150.00 $1,104.14 $33,759.02
Mar, 2050 322 $167.39 $786.76 $150.00 $1,104.14 $32,972.27
Apr, 2050 323 $163.49 $790.66 $150.00 $1,104.14 $32,181.61
May, 2050 324 $159.57 $794.58 $150.00 $1,104.14 $31,387.04
Jun, 2050 325 $155.63 $798.52 $150.00 $1,104.14 $30,588.52
Jul, 2050 326 $151.67 $802.48 $150.00 $1,104.14 $29,786.04
Aug, 2050 327 $147.69 $806.45 $150.00 $1,104.14 $28,979.59
Sep, 2050 328 $143.69 $810.45 $150.00 $1,104.14 $28,169.14
Oct, 2050 329 $139.67 $814.47 $150.00 $1,104.14 $27,354.67
Nov, 2050 330 $135.63 $818.51 $150.00 $1,104.14 $26,536.16
Dec, 2050 331 $131.58 $822.57 $150.00 $1,104.14 $25,713.59
Jan, 2051 332 $127.50 $826.65 $150.00 $1,104.14 $24,886.94
Feb, 2051 333 $123.40 $830.75 $150.00 $1,104.14 $24,056.19
Mar, 2051 334 $119.28 $834.86 $150.00 $1,104.14 $23,221.33
Apr, 2051 335 $115.14 $839.00 $150.00 $1,104.14 $22,382.33
May, 2051 336 $110.98 $843.16 $150.00 $1,104.14 $21,539.16
Jun, 2051 337 $106.80 $847.35 $150.00 $1,104.14 $20,691.82
Jul, 2051 338 $102.60 $851.55 $150.00 $1,104.14 $19,840.27
Aug, 2051 339 $98.37 $855.77 $150.00 $1,104.14 $18,984.50
Sep, 2051 340 $94.13 $860.01 $150.00 $1,104.14 $18,124.49
Oct, 2051 341 $89.87 $864.28 $150.00 $1,104.14 $17,260.21
Nov, 2051 342 $85.58 $868.56 $150.00 $1,104.14 $16,391.65
Dec, 2051 343 $81.28 $872.87 $150.00 $1,104.14 $15,518.78
Jan, 2052 344 $76.95 $877.20 $150.00 $1,104.14 $14,641.59
Feb, 2052 345 $72.60 $881.55 $150.00 $1,104.14 $13,760.04
Mar, 2052 346 $68.23 $885.92 $150.00 $1,104.14 $12,874.12
Apr, 2052 347 $63.83 $890.31 $150.00 $1,104.14 $11,983.81
May, 2052 348 $59.42 $894.72 $150.00 $1,104.14 $11,089.09
Jun, 2052 349 $54.98 $899.16 $150.00 $1,104.14 $10,189.93
Jul, 2052 350 $50.53 $903.62 $150.00 $1,104.14 $9,286.31
Aug, 2052 351 $46.04 $908.10 $150.00 $1,104.14 $8,378.21
Sep, 2052 352 $41.54 $912.60 $150.00 $1,104.14 $7,465.61
Oct, 2052 353 $37.02 $917.13 $150.00 $1,104.14 $6,548.48
Nov, 2052 354 $32.47 $921.67 $150.00 $1,104.14 $5,626.81
Dec, 2052 355 $27.90 $926.24 $150.00 $1,104.14 $4,700.57
Jan, 2053 356 $23.31 $930.84 $150.00 $1,104.14 $3,769.73
Feb, 2053 357 $18.69 $935.45 $150.00 $1,104.14 $2,834.28
Mar, 2053 358 $14.05 $940.09 $150.00 $1,104.14 $1,894.19
Apr, 2053 359 $9.39 $944.75 $150.00 $1,104.14 $949.44
May, 2053 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, 2053 Nov, 2047

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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