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