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: Oct, 2022
Payoff Date: Sep, 2052
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
Oct, 2022 1 $793.33 $160.81 $150.00 $1,104.14 $159,839.19
Nov, 2022 2 $792.54 $161.61 $150.00 $1,104.14 $159,677.58
Dec, 2022 3 $791.73 $162.41 $150.00 $1,104.14 $159,515.17
Jan, 2023 4 $790.93 $163.21 $150.00 $1,104.14 $159,351.96
Feb, 2023 5 $790.12 $164.02 $150.00 $1,104.14 $159,187.94
Mar, 2023 6 $789.31 $164.84 $150.00 $1,104.14 $159,023.10
Apr, 2023 7 $788.49 $165.65 $150.00 $1,104.14 $158,857.45
May, 2023 8 $787.67 $166.48 $150.00 $1,104.14 $158,690.97
Jun, 2023 9 $786.84 $167.30 $150.00 $1,104.14 $158,523.67
Jul, 2023 10 $786.01 $168.13 $150.00 $1,104.14 $158,355.54
Aug, 2023 11 $785.18 $168.96 $150.00 $1,104.14 $158,186.57
Sep, 2023 12 $784.34 $169.80 $150.00 $1,104.14 $158,016.77
Oct, 2023 13 $783.50 $170.64 $150.00 $1,104.14 $157,846.13
Nov, 2023 14 $782.65 $171.49 $150.00 $1,104.14 $157,674.64
Dec, 2023 15 $781.80 $172.34 $150.00 $1,104.14 $157,502.30
Jan, 2024 16 $780.95 $173.19 $150.00 $1,104.14 $157,329.10
Feb, 2024 17 $780.09 $174.05 $150.00 $1,104.14 $157,155.05
Mar, 2024 18 $779.23 $174.92 $150.00 $1,104.14 $156,980.13
Apr, 2024 19 $778.36 $175.78 $150.00 $1,104.14 $156,804.35
May, 2024 20 $777.49 $176.66 $150.00 $1,104.14 $156,627.70
Jun, 2024 21 $776.61 $177.53 $150.00 $1,104.14 $156,450.16
Jul, 2024 22 $775.73 $178.41 $150.00 $1,104.14 $156,271.75
Aug, 2024 23 $774.85 $179.30 $150.00 $1,104.14 $156,092.46
Sep, 2024 24 $773.96 $180.19 $150.00 $1,104.14 $155,912.27
Oct, 2024 25 $773.07 $181.08 $150.00 $1,104.14 $155,731.19
Nov, 2024 26 $772.17 $181.98 $150.00 $1,104.14 $155,549.22
Dec, 2024 27 $771.26 $182.88 $150.00 $1,104.14 $155,366.34
Jan, 2025 28 $770.36 $183.79 $150.00 $1,104.14 $155,182.55
Feb, 2025 29 $769.45 $184.70 $150.00 $1,104.14 $154,997.86
Mar, 2025 30 $768.53 $185.61 $150.00 $1,104.14 $154,812.24
Apr, 2025 31 $767.61 $186.53 $150.00 $1,104.14 $154,625.71
May, 2025 32 $766.69 $187.46 $150.00 $1,104.14 $154,438.25
Jun, 2025 33 $765.76 $188.39 $150.00 $1,104.14 $154,249.87
Jul, 2025 34 $764.82 $189.32 $150.00 $1,104.14 $154,060.54
Aug, 2025 35 $763.88 $190.26 $150.00 $1,104.14 $153,870.28
Sep, 2025 36 $762.94 $191.20 $150.00 $1,104.14 $153,679.08
Oct, 2025 37 $761.99 $192.15 $150.00 $1,104.14 $153,486.93
Nov, 2025 38 $761.04 $193.10 $150.00 $1,104.14 $153,293.83
Dec, 2025 39 $760.08 $194.06 $150.00 $1,104.14 $153,099.76
Jan, 2026 40 $759.12 $195.02 $150.00 $1,104.14 $152,904.74
Feb, 2026 41 $758.15 $195.99 $150.00 $1,104.14 $152,708.75
Mar, 2026 42 $757.18 $196.96 $150.00 $1,104.14 $152,511.79
Apr, 2026 43 $756.20 $197.94 $150.00 $1,104.14 $152,313.85
May, 2026 44 $755.22 $198.92 $150.00 $1,104.14 $152,114.93
Jun, 2026 45 $754.24 $199.91 $150.00 $1,104.14 $151,915.02
Jul, 2026 46 $753.25 $200.90 $150.00 $1,104.14 $151,714.12
Aug, 2026 47 $752.25 $201.89 $150.00 $1,104.14 $151,512.23
Sep, 2026 48 $751.25 $202.90 $150.00 $1,104.14 $151,309.33
Oct, 2026 49 $750.24 $203.90 $150.00 $1,104.14 $151,105.43
Nov, 2026 50 $749.23 $204.91 $150.00 $1,104.14 $150,900.52
Dec, 2026 51 $748.22 $205.93 $150.00 $1,104.14 $150,694.59
Jan, 2027 52 $747.19 $206.95 $150.00 $1,104.14 $150,487.64
Feb, 2027 53 $746.17 $207.98 $150.00 $1,104.14 $150,279.66
Mar, 2027 54 $745.14 $209.01 $150.00 $1,104.14 $150,070.66
Apr, 2027 55 $744.10 $210.04 $150.00 $1,104.14 $149,860.61
May, 2027 56 $743.06 $211.08 $150.00 $1,104.14 $149,649.53
Jun, 2027 57 $742.01 $212.13 $150.00 $1,104.14 $149,437.40
Jul, 2027 58 $740.96 $213.18 $150.00 $1,104.14 $149,224.21
Aug, 2027 59 $739.90 $214.24 $150.00 $1,104.14 $149,009.97
Sep, 2027 60 $738.84 $215.30 $150.00 $1,104.14 $148,794.67
Oct, 2027 61 $737.77 $216.37 $150.00 $1,104.14 $148,578.30
Nov, 2027 62 $736.70 $217.44 $150.00 $1,104.14 $148,360.86
Dec, 2027 63 $735.62 $218.52 $150.00 $1,104.14 $148,142.34
Jan, 2028 64 $734.54 $219.60 $150.00 $1,104.14 $147,922.73
Feb, 2028 65 $733.45 $220.69 $150.00 $1,104.14 $147,702.04
Mar, 2028 66 $732.36 $221.79 $150.00 $1,104.14 $147,480.25
Apr, 2028 67 $731.26 $222.89 $150.00 $1,104.14 $147,257.37
May, 2028 68 $730.15 $223.99 $150.00 $1,104.14 $147,033.37
Jun, 2028 69 $729.04 $225.10 $150.00 $1,104.14 $146,808.27
Jul, 2028 70 $727.92 $226.22 $150.00 $1,104.14 $146,582.05
Aug, 2028 71 $726.80 $227.34 $150.00 $1,104.14 $146,354.71
Sep, 2028 72 $725.68 $228.47 $150.00 $1,104.14 $146,126.24
Oct, 2028 73 $724.54 $229.60 $150.00 $1,104.14 $145,896.64
Nov, 2028 74 $723.40 $230.74 $150.00 $1,104.14 $145,665.90
Dec, 2028 75 $722.26 $231.88 $150.00 $1,104.14 $145,434.02
Jan, 2029 76 $721.11 $233.03 $150.00 $1,104.14 $145,200.98
Feb, 2029 77 $719.95 $234.19 $150.00 $1,104.14 $144,966.80
Mar, 2029 78 $718.79 $235.35 $150.00 $1,104.14 $144,731.45
Apr, 2029 79 $717.63 $236.52 $150.00 $1,104.14 $144,494.93
May, 2029 80 $716.45 $237.69 $150.00 $1,104.14 $144,257.24
Jun, 2029 81 $715.28 $238.87 $150.00 $1,104.14 $144,018.37
Jul, 2029 82 $714.09 $240.05 $150.00 $1,104.14 $143,778.32
Aug, 2029 83 $712.90 $241.24 $150.00 $1,104.14 $143,537.08
Sep, 2029 84 $711.70 $242.44 $150.00 $1,104.14 $143,294.64
Oct, 2029 85 $710.50 $243.64 $150.00 $1,104.14 $143,051.00
Nov, 2029 86 $709.29 $244.85 $150.00 $1,104.14 $142,806.15
Dec, 2029 87 $708.08 $246.06 $150.00 $1,104.14 $142,560.08
Jan, 2030 88 $706.86 $247.28 $150.00 $1,104.14 $142,312.80
Feb, 2030 89 $705.63 $248.51 $150.00 $1,104.14 $142,064.29
Mar, 2030 90 $704.40 $249.74 $150.00 $1,104.14 $141,814.55
Apr, 2030 91 $703.16 $250.98 $150.00 $1,104.14 $141,563.57
May, 2030 92 $701.92 $252.22 $150.00 $1,104.14 $141,311.35
Jun, 2030 93 $700.67 $253.47 $150.00 $1,104.14 $141,057.87
Jul, 2030 94 $699.41 $254.73 $150.00 $1,104.14 $140,803.14
Aug, 2030 95 $698.15 $255.99 $150.00 $1,104.14 $140,547.15
Sep, 2030 96 $696.88 $257.26 $150.00 $1,104.14 $140,289.88
Oct, 2030 97 $695.60 $258.54 $150.00 $1,104.14 $140,031.34
Nov, 2030 98 $694.32 $259.82 $150.00 $1,104.14 $139,771.52
Dec, 2030 99 $693.03 $261.11 $150.00 $1,104.14 $139,510.41
Jan, 2031 100 $691.74 $262.40 $150.00 $1,104.14 $139,248.01
Feb, 2031 101 $690.44 $263.71 $150.00 $1,104.14 $138,984.30
Mar, 2031 102 $689.13 $265.01 $150.00 $1,104.14 $138,719.29
Apr, 2031 103 $687.82 $266.33 $150.00 $1,104.14 $138,452.96
May, 2031 104 $686.50 $267.65 $150.00 $1,104.14 $138,185.31
Jun, 2031 105 $685.17 $268.97 $150.00 $1,104.14 $137,916.34
Jul, 2031 106 $683.84 $270.31 $150.00 $1,104.14 $137,646.03
Aug, 2031 107 $682.49 $271.65 $150.00 $1,104.14 $137,374.38
Sep, 2031 108 $681.15 $273.00 $150.00 $1,104.14 $137,101.39
Oct, 2031 109 $679.79 $274.35 $150.00 $1,104.14 $136,827.04
Nov, 2031 110 $678.43 $275.71 $150.00 $1,104.14 $136,551.33
Dec, 2031 111 $677.07 $277.08 $150.00 $1,104.14 $136,274.25
Jan, 2032 112 $675.69 $278.45 $150.00 $1,104.14 $135,995.80
Feb, 2032 113 $674.31 $279.83 $150.00 $1,104.14 $135,715.97
Mar, 2032 114 $672.93 $281.22 $150.00 $1,104.14 $135,434.75
Apr, 2032 115 $671.53 $282.61 $150.00 $1,104.14 $135,152.14
May, 2032 116 $670.13 $284.01 $150.00 $1,104.14 $134,868.12
Jun, 2032 117 $668.72 $285.42 $150.00 $1,104.14 $134,582.70
Jul, 2032 118 $667.31 $286.84 $150.00 $1,104.14 $134,295.86
Aug, 2032 119 $665.88 $288.26 $150.00 $1,104.14 $134,007.60
Sep, 2032 120 $664.45 $289.69 $150.00 $1,104.14 $133,717.92
Oct, 2032 121 $663.02 $291.13 $150.00 $1,104.14 $133,426.79
Nov, 2032 122 $661.57 $292.57 $150.00 $1,104.14 $133,134.22
Dec, 2032 123 $660.12 $294.02 $150.00 $1,104.14 $132,840.20
Jan, 2033 124 $658.67 $295.48 $150.00 $1,104.14 $132,544.72
Feb, 2033 125 $657.20 $296.94 $150.00 $1,104.14 $132,247.78
Mar, 2033 126 $655.73 $298.41 $150.00 $1,104.14 $131,949.37
Apr, 2033 127 $654.25 $299.89 $150.00 $1,104.14 $131,649.47
May, 2033 128 $652.76 $301.38 $150.00 $1,104.14 $131,348.09
Jun, 2033 129 $651.27 $302.88 $150.00 $1,104.14 $131,045.21
Jul, 2033 130 $649.77 $304.38 $150.00 $1,104.14 $130,740.84
Aug, 2033 131 $648.26 $305.89 $150.00 $1,104.14 $130,434.95
Sep, 2033 132 $646.74 $307.40 $150.00 $1,104.14 $130,127.55
Oct, 2033 133 $645.22 $308.93 $150.00 $1,104.14 $129,818.62
Nov, 2033 134 $643.68 $310.46 $150.00 $1,104.14 $129,508.16
Dec, 2033 135 $642.14 $312.00 $150.00 $1,104.14 $129,196.16
Jan, 2034 136 $640.60 $313.55 $150.00 $1,104.14 $128,882.61
Feb, 2034 137 $639.04 $315.10 $150.00 $1,104.14 $128,567.51
Mar, 2034 138 $637.48 $316.66 $150.00 $1,104.14 $128,250.85
Apr, 2034 139 $635.91 $318.23 $150.00 $1,104.14 $127,932.62
May, 2034 140 $634.33 $319.81 $150.00 $1,104.14 $127,612.81
Jun, 2034 141 $632.75 $321.40 $150.00 $1,104.14 $127,291.41
Jul, 2034 142 $631.15 $322.99 $150.00 $1,104.14 $126,968.42
Aug, 2034 143 $629.55 $324.59 $150.00 $1,104.14 $126,643.83
Sep, 2034 144 $627.94 $326.20 $150.00 $1,104.14 $126,317.63
Oct, 2034 145 $626.32 $327.82 $150.00 $1,104.14 $125,989.81
Nov, 2034 146 $624.70 $329.44 $150.00 $1,104.14 $125,660.36
Dec, 2034 147 $623.07 $331.08 $150.00 $1,104.14 $125,329.28
Jan, 2035 148 $621.42 $332.72 $150.00 $1,104.14 $124,996.57
Feb, 2035 149 $619.77 $334.37 $150.00 $1,104.14 $124,662.20
Mar, 2035 150 $618.12 $336.03 $150.00 $1,104.14 $124,326.17
Apr, 2035 151 $616.45 $337.69 $150.00 $1,104.14 $123,988.48
May, 2035 152 $614.78 $339.37 $150.00 $1,104.14 $123,649.11
Jun, 2035 153 $613.09 $341.05 $150.00 $1,104.14 $123,308.06
Jul, 2035 154 $611.40 $342.74 $150.00 $1,104.14 $122,965.32
Aug, 2035 155 $609.70 $344.44 $150.00 $1,104.14 $122,620.88
Sep, 2035 156 $608.00 $346.15 $150.00 $1,104.14 $122,274.73
Oct, 2035 157 $606.28 $347.86 $150.00 $1,104.14 $121,926.87
Nov, 2035 158 $604.55 $349.59 $150.00 $1,104.14 $121,577.28
Dec, 2035 159 $602.82 $351.32 $150.00 $1,104.14 $121,225.95
Jan, 2036 160 $601.08 $353.06 $150.00 $1,104.14 $120,872.89
Feb, 2036 161 $599.33 $354.82 $150.00 $1,104.14 $120,518.07
Mar, 2036 162 $597.57 $356.57 $150.00 $1,104.14 $120,161.50
Apr, 2036 163 $595.80 $358.34 $150.00 $1,104.14 $119,803.15
May, 2036 164 $594.02 $360.12 $150.00 $1,104.14 $119,443.04
Jun, 2036 165 $592.24 $361.91 $150.00 $1,104.14 $119,081.13
Jul, 2036 166 $590.44 $363.70 $150.00 $1,104.14 $118,717.43
Aug, 2036 167 $588.64 $365.50 $150.00 $1,104.14 $118,351.93
Sep, 2036 168 $586.83 $367.32 $150.00 $1,104.14 $117,984.61
Oct, 2036 169 $585.01 $369.14 $150.00 $1,104.14 $117,615.48
Nov, 2036 170 $583.18 $370.97 $150.00 $1,104.14 $117,244.51
Dec, 2036 171 $581.34 $372.81 $150.00 $1,104.14 $116,871.70
Jan, 2037 172 $579.49 $374.65 $150.00 $1,104.14 $116,497.05
Feb, 2037 173 $577.63 $376.51 $150.00 $1,104.14 $116,120.54
Mar, 2037 174 $575.76 $378.38 $150.00 $1,104.14 $115,742.16
Apr, 2037 175 $573.89 $380.26 $150.00 $1,104.14 $115,361.90
May, 2037 176 $572.00 $382.14 $150.00 $1,104.14 $114,979.76
Jun, 2037 177 $570.11 $384.04 $150.00 $1,104.14 $114,595.72
Jul, 2037 178 $568.20 $385.94 $150.00 $1,104.14 $114,209.79
Aug, 2037 179 $566.29 $387.85 $150.00 $1,104.14 $113,821.93
Sep, 2037 180 $564.37 $389.78 $150.00 $1,104.14 $113,432.16
Oct, 2037 181 $562.43 $391.71 $150.00 $1,104.14 $113,040.45
Nov, 2037 182 $560.49 $393.65 $150.00 $1,104.14 $112,646.79
Dec, 2037 183 $558.54 $395.60 $150.00 $1,104.14 $112,251.19
Jan, 2038 184 $556.58 $397.56 $150.00 $1,104.14 $111,853.63
Feb, 2038 185 $554.61 $399.54 $150.00 $1,104.14 $111,454.09
Mar, 2038 186 $552.63 $401.52 $150.00 $1,104.14 $111,052.57
Apr, 2038 187 $550.64 $403.51 $150.00 $1,104.14 $110,649.07
May, 2038 188 $548.63 $405.51 $150.00 $1,104.14 $110,243.56
Jun, 2038 189 $546.62 $407.52 $150.00 $1,104.14 $109,836.04
Jul, 2038 190 $544.60 $409.54 $150.00 $1,104.14 $109,426.50
Aug, 2038 191 $542.57 $411.57 $150.00 $1,104.14 $109,014.93
Sep, 2038 192 $540.53 $413.61 $150.00 $1,104.14 $108,601.32
Oct, 2038 193 $538.48 $415.66 $150.00 $1,104.14 $108,185.65
Nov, 2038 194 $536.42 $417.72 $150.00 $1,104.14 $107,767.93
Dec, 2038 195 $534.35 $419.79 $150.00 $1,104.14 $107,348.14
Jan, 2039 196 $532.27 $421.88 $150.00 $1,104.14 $106,926.26
Feb, 2039 197 $530.18 $423.97 $150.00 $1,104.14 $106,502.29
Mar, 2039 198 $528.07 $426.07 $150.00 $1,104.14 $106,076.22
Apr, 2039 199 $525.96 $428.18 $150.00 $1,104.14 $105,648.04
May, 2039 200 $523.84 $430.31 $150.00 $1,104.14 $105,217.74
Jun, 2039 201 $521.70 $432.44 $150.00 $1,104.14 $104,785.30
Jul, 2039 202 $519.56 $434.58 $150.00 $1,104.14 $104,350.71
Aug, 2039 203 $517.41 $436.74 $150.00 $1,104.14 $103,913.98
Sep, 2039 204 $515.24 $438.90 $150.00 $1,104.14 $103,475.07
Oct, 2039 205 $513.06 $441.08 $150.00 $1,104.14 $103,033.99
Nov, 2039 206 $510.88 $443.27 $150.00 $1,104.14 $102,590.73
Dec, 2039 207 $508.68 $445.46 $150.00 $1,104.14 $102,145.26
Jan, 2040 208 $506.47 $447.67 $150.00 $1,104.14 $101,697.59
Feb, 2040 209 $504.25 $449.89 $150.00 $1,104.14 $101,247.70
Mar, 2040 210 $502.02 $452.12 $150.00 $1,104.14 $100,795.57
Apr, 2040 211 $499.78 $454.37 $150.00 $1,104.14 $100,341.21
May, 2040 212 $497.53 $456.62 $150.00 $1,104.14 $99,884.59
Jun, 2040 213 $495.26 $458.88 $150.00 $1,104.14 $99,425.71
Jul, 2040 214 $492.99 $461.16 $150.00 $1,104.14 $98,964.55
Aug, 2040 215 $490.70 $463.44 $150.00 $1,104.14 $98,501.10
Sep, 2040 216 $488.40 $465.74 $150.00 $1,104.14 $98,035.36
Oct, 2040 217 $486.09 $468.05 $150.00 $1,104.14 $97,567.31
Nov, 2040 218 $483.77 $470.37 $150.00 $1,104.14 $97,096.94
Dec, 2040 219 $481.44 $472.70 $150.00 $1,104.14 $96,624.23
Jan, 2041 220 $479.10 $475.05 $150.00 $1,104.14 $96,149.19
Feb, 2041 221 $476.74 $477.40 $150.00 $1,104.14 $95,671.78
Mar, 2041 222 $474.37 $479.77 $150.00 $1,104.14 $95,192.01
Apr, 2041 223 $471.99 $482.15 $150.00 $1,104.14 $94,709.86
May, 2041 224 $469.60 $484.54 $150.00 $1,104.14 $94,225.32
Jun, 2041 225 $467.20 $486.94 $150.00 $1,104.14 $93,738.38
Jul, 2041 226 $464.79 $489.36 $150.00 $1,104.14 $93,249.02
Aug, 2041 227 $462.36 $491.78 $150.00 $1,104.14 $92,757.24
Sep, 2041 228 $459.92 $494.22 $150.00 $1,104.14 $92,263.01
Oct, 2041 229 $457.47 $496.67 $150.00 $1,104.14 $91,766.34
Nov, 2041 230 $455.01 $499.14 $150.00 $1,104.14 $91,267.21
Dec, 2041 231 $452.53 $501.61 $150.00 $1,104.14 $90,765.60
Jan, 2042 232 $450.05 $504.10 $150.00 $1,104.14 $90,261.50
Feb, 2042 233 $447.55 $506.60 $150.00 $1,104.14 $89,754.90
Mar, 2042 234 $445.03 $509.11 $150.00 $1,104.14 $89,245.79
Apr, 2042 235 $442.51 $511.63 $150.00 $1,104.14 $88,734.16
May, 2042 236 $439.97 $514.17 $150.00 $1,104.14 $88,219.99
Jun, 2042 237 $437.42 $516.72 $150.00 $1,104.14 $87,703.27
Jul, 2042 238 $434.86 $519.28 $150.00 $1,104.14 $87,183.99
Aug, 2042 239 $432.29 $521.86 $150.00 $1,104.14 $86,662.13
Sep, 2042 240 $429.70 $524.44 $150.00 $1,104.14 $86,137.69
Oct, 2042 241 $427.10 $527.04 $150.00 $1,104.14 $85,610.64
Nov, 2042 242 $424.49 $529.66 $150.00 $1,104.14 $85,080.99
Dec, 2042 243 $421.86 $532.28 $150.00 $1,104.14 $84,548.70
Jan, 2043 244 $419.22 $534.92 $150.00 $1,104.14 $84,013.78
Feb, 2043 245 $416.57 $537.58 $150.00 $1,104.14 $83,476.20
Mar, 2043 246 $413.90 $540.24 $150.00 $1,104.14 $82,935.96
Apr, 2043 247 $411.22 $542.92 $150.00 $1,104.14 $82,393.04
May, 2043 248 $408.53 $545.61 $150.00 $1,104.14 $81,847.43
Jun, 2043 249 $405.83 $548.32 $150.00 $1,104.14 $81,299.12
Jul, 2043 250 $403.11 $551.04 $150.00 $1,104.14 $80,748.08
Aug, 2043 251 $400.38 $553.77 $150.00 $1,104.14 $80,194.31
Sep, 2043 252 $397.63 $556.51 $150.00 $1,104.14 $79,637.80
Oct, 2043 253 $394.87 $559.27 $150.00 $1,104.14 $79,078.53
Nov, 2043 254 $392.10 $562.05 $150.00 $1,104.14 $78,516.48
Dec, 2043 255 $389.31 $564.83 $150.00 $1,104.14 $77,951.65
Jan, 2044 256 $386.51 $567.63 $150.00 $1,104.14 $77,384.02
Feb, 2044 257 $383.70 $570.45 $150.00 $1,104.14 $76,813.57
Mar, 2044 258 $380.87 $573.28 $150.00 $1,104.14 $76,240.29
Apr, 2044 259 $378.02 $576.12 $150.00 $1,104.14 $75,664.17
May, 2044 260 $375.17 $578.98 $150.00 $1,104.14 $75,085.20
Jun, 2044 261 $372.30 $581.85 $150.00 $1,104.14 $74,503.35
Jul, 2044 262 $369.41 $584.73 $150.00 $1,104.14 $73,918.62
Aug, 2044 263 $366.51 $587.63 $150.00 $1,104.14 $73,330.99
Sep, 2044 264 $363.60 $590.54 $150.00 $1,104.14 $72,740.45
Oct, 2044 265 $360.67 $593.47 $150.00 $1,104.14 $72,146.97
Nov, 2044 266 $357.73 $596.41 $150.00 $1,104.14 $71,550.56
Dec, 2044 267 $354.77 $599.37 $150.00 $1,104.14 $70,951.19
Jan, 2045 268 $351.80 $602.34 $150.00 $1,104.14 $70,348.84
Feb, 2045 269 $348.81 $605.33 $150.00 $1,104.14 $69,743.51
Mar, 2045 270 $345.81 $608.33 $150.00 $1,104.14 $69,135.18
Apr, 2045 271 $342.80 $611.35 $150.00 $1,104.14 $68,523.83
May, 2045 272 $339.76 $614.38 $150.00 $1,104.14 $67,909.45
Jun, 2045 273 $336.72 $617.43 $150.00 $1,104.14 $67,292.03
Jul, 2045 274 $333.66 $620.49 $150.00 $1,104.14 $66,671.54
Aug, 2045 275 $330.58 $623.56 $150.00 $1,104.14 $66,047.98
Sep, 2045 276 $327.49 $626.66 $150.00 $1,104.14 $65,421.32
Oct, 2045 277 $324.38 $629.76 $150.00 $1,104.14 $64,791.56
Nov, 2045 278 $321.26 $632.89 $150.00 $1,104.14 $64,158.67
Dec, 2045 279 $318.12 $636.02 $150.00 $1,104.14 $63,522.65
Jan, 2046 280 $314.97 $639.18 $150.00 $1,104.14 $62,883.47
Feb, 2046 281 $311.80 $642.35 $150.00 $1,104.14 $62,241.12
Mar, 2046 282 $308.61 $645.53 $150.00 $1,104.14 $61,595.59
Apr, 2046 283 $305.41 $648.73 $150.00 $1,104.14 $60,946.86
May, 2046 284 $302.19 $651.95 $150.00 $1,104.14 $60,294.91
Jun, 2046 285 $298.96 $655.18 $150.00 $1,104.14 $59,639.73
Jul, 2046 286 $295.71 $658.43 $150.00 $1,104.14 $58,981.30
Aug, 2046 287 $292.45 $661.69 $150.00 $1,104.14 $58,319.61
Sep, 2046 288 $289.17 $664.98 $150.00 $1,104.14 $57,654.63
Oct, 2046 289 $285.87 $668.27 $150.00 $1,104.14 $56,986.36
Nov, 2046 290 $282.56 $671.59 $150.00 $1,104.14 $56,314.77
Dec, 2046 291 $279.23 $674.92 $150.00 $1,104.14 $55,639.86
Jan, 2047 292 $275.88 $678.26 $150.00 $1,104.14 $54,961.59
Feb, 2047 293 $272.52 $681.63 $150.00 $1,104.14 $54,279.97
Mar, 2047 294 $269.14 $685.01 $150.00 $1,104.14 $53,594.96
Apr, 2047 295 $265.74 $688.40 $150.00 $1,104.14 $52,906.56
May, 2047 296 $262.33 $691.82 $150.00 $1,104.14 $52,214.75
Jun, 2047 297 $258.90 $695.25 $150.00 $1,104.14 $51,519.50
Jul, 2047 298 $255.45 $698.69 $150.00 $1,104.14 $50,820.81
Aug, 2047 299 $251.99 $702.16 $150.00 $1,104.14 $50,118.65
Sep, 2047 300 $248.50 $705.64 $150.00 $1,104.14 $49,413.01
Oct, 2047 301 $245.01 $709.14 $150.00 $1,104.14 $48,703.87
Nov, 2047 302 $241.49 $712.65 $150.00 $1,104.14 $47,991.22
Dec, 2047 303 $237.96 $716.19 $150.00 $1,104.14 $47,275.03
Jan, 2048 304 $234.41 $719.74 $150.00 $1,104.14 $46,555.30
Feb, 2048 305 $230.84 $723.31 $150.00 $1,104.14 $45,831.99
Mar, 2048 306 $227.25 $726.89 $150.00 $1,104.14 $45,105.10
Apr, 2048 307 $223.65 $730.50 $150.00 $1,104.14 $44,374.60
May, 2048 308 $220.02 $734.12 $150.00 $1,104.14 $43,640.48
Jun, 2048 309 $216.38 $737.76 $150.00 $1,104.14 $42,902.72
Jul, 2048 310 $212.73 $741.42 $150.00 $1,104.14 $42,161.30
Aug, 2048 311 $209.05 $745.09 $150.00 $1,104.14 $41,416.21
Sep, 2048 312 $205.36 $748.79 $150.00 $1,104.14 $40,667.42
Oct, 2048 313 $201.64 $752.50 $150.00 $1,104.14 $39,914.92
Nov, 2048 314 $197.91 $756.23 $150.00 $1,104.14 $39,158.69
Dec, 2048 315 $194.16 $759.98 $150.00 $1,104.14 $38,398.70
Jan, 2049 316 $190.39 $763.75 $150.00 $1,104.14 $37,634.95
Feb, 2049 317 $186.61 $767.54 $150.00 $1,104.14 $36,867.42
Mar, 2049 318 $182.80 $771.34 $150.00 $1,104.14 $36,096.08
Apr, 2049 319 $178.98 $775.17 $150.00 $1,104.14 $35,320.91
May, 2049 320 $175.13 $779.01 $150.00 $1,104.14 $34,541.90
Jun, 2049 321 $171.27 $782.87 $150.00 $1,104.14 $33,759.02
Jul, 2049 322 $167.39 $786.76 $150.00 $1,104.14 $32,972.27
Aug, 2049 323 $163.49 $790.66 $150.00 $1,104.14 $32,181.61
Sep, 2049 324 $159.57 $794.58 $150.00 $1,104.14 $31,387.04
Oct, 2049 325 $155.63 $798.52 $150.00 $1,104.14 $30,588.52
Nov, 2049 326 $151.67 $802.48 $150.00 $1,104.14 $29,786.04
Dec, 2049 327 $147.69 $806.45 $150.00 $1,104.14 $28,979.59
Jan, 2050 328 $143.69 $810.45 $150.00 $1,104.14 $28,169.14
Feb, 2050 329 $139.67 $814.47 $150.00 $1,104.14 $27,354.67
Mar, 2050 330 $135.63 $818.51 $150.00 $1,104.14 $26,536.16
Apr, 2050 331 $131.58 $822.57 $150.00 $1,104.14 $25,713.59
May, 2050 332 $127.50 $826.65 $150.00 $1,104.14 $24,886.94
Jun, 2050 333 $123.40 $830.75 $150.00 $1,104.14 $24,056.19
Jul, 2050 334 $119.28 $834.86 $150.00 $1,104.14 $23,221.33
Aug, 2050 335 $115.14 $839.00 $150.00 $1,104.14 $22,382.33
Sep, 2050 336 $110.98 $843.16 $150.00 $1,104.14 $21,539.16
Oct, 2050 337 $106.80 $847.35 $150.00 $1,104.14 $20,691.82
Nov, 2050 338 $102.60 $851.55 $150.00 $1,104.14 $19,840.27
Dec, 2050 339 $98.37 $855.77 $150.00 $1,104.14 $18,984.50
Jan, 2051 340 $94.13 $860.01 $150.00 $1,104.14 $18,124.49
Feb, 2051 341 $89.87 $864.28 $150.00 $1,104.14 $17,260.21
Mar, 2051 342 $85.58 $868.56 $150.00 $1,104.14 $16,391.65
Apr, 2051 343 $81.28 $872.87 $150.00 $1,104.14 $15,518.78
May, 2051 344 $76.95 $877.20 $150.00 $1,104.14 $14,641.59
Jun, 2051 345 $72.60 $881.55 $150.00 $1,104.14 $13,760.04
Jul, 2051 346 $68.23 $885.92 $150.00 $1,104.14 $12,874.12
Aug, 2051 347 $63.83 $890.31 $150.00 $1,104.14 $11,983.81
Sep, 2051 348 $59.42 $894.72 $150.00 $1,104.14 $11,089.09
Oct, 2051 349 $54.98 $899.16 $150.00 $1,104.14 $10,189.93
Nov, 2051 350 $50.53 $903.62 $150.00 $1,104.14 $9,286.31
Dec, 2051 351 $46.04 $908.10 $150.00 $1,104.14 $8,378.21
Jan, 2052 352 $41.54 $912.60 $150.00 $1,104.14 $7,465.61
Feb, 2052 353 $37.02 $917.13 $150.00 $1,104.14 $6,548.48
Mar, 2052 354 $32.47 $921.67 $150.00 $1,104.14 $5,626.81
Apr, 2052 355 $27.90 $926.24 $150.00 $1,104.14 $4,700.57
May, 2052 356 $23.31 $930.84 $150.00 $1,104.14 $3,769.73
Jun, 2052 357 $18.69 $935.45 $150.00 $1,104.14 $2,834.28
Jul, 2052 358 $14.05 $940.09 $150.00 $1,104.14 $1,894.19
Aug, 2052 359 $9.39 $944.75 $150.00 $1,104.14 $949.44
Sep, 2052 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 Sep, 2052 Mar, 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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