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Mortgage Calculator
Estimate monthly payments with principal, interest, taxes, and insurance.
Parcel Platform
Mar 4, 2026
Mortgage Calculator
Loan $240,000 • 7.00% • 30y
Monthly P&I
$1,597
Total Monthly (PITI + HOA)
$1,947
Total Interest
$334,821
Interest Saved
$0
Payoff Time
30.0 yrs
Time Saved
0.0 yrs
Charts
Min$0
Max$237,562
Loan Balance
Amortization schedule (yearly)
| Year | Payments | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $19,161 | $2,438 | $16,723 | $237,562 |
| 2 | $19,161 | $2,614 | $16,547 | $234,948 |
| 3 | $19,161 | $2,803 | $16,358 | $232,145 |
| 4 | $19,161 | $3,006 | $16,155 | $229,139 |
| 5 | $19,161 | $3,223 | $15,938 | $225,916 |
| 6 | $19,161 | $3,456 | $15,705 | $222,460 |
| 7 | $19,161 | $3,706 | $15,455 | $218,754 |
| 8 | $19,161 | $3,974 | $15,187 | $214,780 |
| 9 | $19,161 | $4,261 | $14,900 | $210,519 |
| 10 | $19,161 | $4,569 | $14,592 | $205,950 |
| 11 | $19,161 | $4,899 | $14,261 | $201,050 |
| 12 | $19,161 | $5,254 | $13,907 | $195,797 |
| 13 | $19,161 | $5,633 | $13,527 | $190,163 |
| 14 | $19,161 | $6,041 | $13,120 | $184,123 |
| 15 | $19,161 | $6,477 | $12,683 | $177,645 |
| 16 | $19,161 | $6,946 | $12,215 | $170,700 |
| 17 | $19,161 | $7,448 | $11,713 | $163,252 |
| 18 | $19,161 | $7,986 | $11,175 | $155,266 |
| 19 | $19,161 | $8,563 | $10,597 | $146,703 |
| 20 | $19,161 | $9,182 | $9,978 | $137,520 |
| 21 | $19,161 | $9,846 | $9,314 | $127,674 |
| 22 | $19,161 | $10,558 | $8,603 | $117,116 |
| 23 | $19,161 | $11,321 | $7,839 | $105,795 |
| 24 | $19,161 | $12,140 | $7,021 | $93,655 |
| 25 | $19,161 | $13,017 | $6,143 | $80,638 |
| 26 | $19,161 | $13,958 | $5,202 | $66,680 |
| 27 | $19,161 | $14,967 | $4,193 | $51,712 |
| 28 | $19,161 | $16,049 | $3,111 | $35,663 |
| 29 | $19,161 | $17,209 | $1,951 | $18,454 |
| 30 | $19,161 | $18,454 | $707 | $0 |
What is Mortgage?
A mortgage calculator estimates your monthly loan payment based on the principal amount, interest rate, and loan term. It helps you understand how much of each payment goes toward principal vs. interest over time.
Formula
Monthly Payment = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ−1], where P = principal, r = monthly rate, n = total payments
How this calculator works
Estimate monthly mortgage payments and amortization. Useful for quickly sanity-checking debt service and understanding principal vs interest over time.
What it includes
- Monthly payment estimate
- Amortization schedule
- Total interest + payoff behavior
- Extra payment impact
How to use it
- Enter loan amount, rate, and term.
- Add taxes/insurance for an all-in monthly estimate if you want PITI.
- Use the amortization view to understand interest vs principal over time.
FAQ
Does this include taxes and insurance?
The core calculation is principal + interest. You can add taxes and insurance inputs to estimate an all-in monthly payment.
What does an amortization schedule show?
It breaks each payment into interest and principal and tracks remaining balance over time, so you can see how quickly equity builds.
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