Your monthly payment
FIXED-RATE ESTIMATEInitial payment including housing costs, before extras.
- Principal & interest
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- Property taxes
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- Homeowners insurance
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- PMI
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- HOA fees
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Lifetime cost breakdown
- Total loan & housing costs
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- Total interest
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- Mortgage-free by
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Lifetime totals run through payoff and include principal, interest, taxes, insurance, PMI & HOA. They exclude the down payment, closing costs and maintenance. Housing costs continue after payoff.
Monthly or biweekly?
COMPARE PAYMENT FREQUENCYPay half your regular monthly principal & interest every 14 days—about 26 half-payments, or 13 full payments, per year instead of 12.
This is a separate comparison without extra payments on either plan. Your main summary, charts and schedule retain the monthly plan and any extras you entered. Taxes, insurance, PMI and HOA are not halved or included in the interest comparison.
See your progress
02 / THE BIG PICTUREPrincipal includes extra payments. Hover a plotted point for details; the full figures are in the accessible schedule below.
Amortization schedule
| Payment # | Date | Payment | Principal | Interest | Extra | Balance |
|---|
Yearly rows group by calendar year. “Payment” is principal + interest only; extra principal is listed separately. CSV always contains every monthly payment and housing costs.
What fits your budget?
Uses the mortgage tab's interest rate, term, tax, insurance, HOA and PMI settings. Dollar-denominated housing costs stay fixed; percentage taxes and automatic PMI scale to each price tested. Closing costs are not included.
A comfortable starting point
This is a budgeting estimate, not a loan approval. Lenders also consider credit history, cash reserves, loan type and other requirements. Leave room for repairs, savings and unexpected costs.
Compare your loans
This comparison is independent of the mortgage tab. Payments include principal & interest only. No extra payments, points, tax effects, PMI or prepayment penalties are modeled.
Is a lower rate a better deal?
Two paths, one comparison
Uses the home price, down payment, mortgage and extras from the mortgage tab. Switch that tab to “Home price & down payment” to use this comparison.
Look beyond the monthly payment
A simple, undiscounted comparison, not a forecast. Rent grows annually; home value compounds monthly and maintenance follows home value. Taxes, insurance and HOA stay flat, including after payoff. Excludes investment returns on cash, tax benefits, renter's insurance, utilities, deposits and moving costs. Appreciation is uncertain.