Mortgage Calculator

Home Value

Down Payment ($)

Down Payment (%)

Loan Amount

Interest Rate

Loan Term (Years)

years

Start Date

Property Tax

$ /yr

PMI

Home Insurance

$ /yr

Monthly HOA

Mortgage Repayment Summary

$0.00

Total Monthly Payment

PMI

not required

Down Payment

$0.00

Down Payment %

Pay-off Date

Monthly Payment Breakdown

Principal & Interest

$0.00

Property Tax

$0.00

Insurance

$0.00

PMI

$0.00

HOA

$0.00

Total Interest Paid $0.00

Monthly Tax $0.00

Total Tax Paid $0.00

Monthly Insurance $0.00

Total Insurance $0.00

Annual Payment $0.00

Total of All Payments $0.00

Advanced Calculations

Equity After 5 Years

$0.00

Based on 3% annual appreciation

Equity After 10 Years

$0.00

Based on 3% annual appreciation

Break-Even Point

When equity exceeds total costs

Total Cost of Ownership (5 Years)

$0.00

Including all payments & fees

Refinancing Savings Potential

$0.00

If rate drops by 1% after 5 years

Interest vs Principal Ratio

% of total going to interest

Equity Growth Over Time

Year 1

Year 5

Year 10

Principal vs Interest Over Time

Principal Paid

Interest Paid

Payment Schedule Breakdown

Principal

Interest

Affordability Analysis

Monthly Income Required

$0.00

To comfortably afford this mortgage (28% DTI)

Debt-to-Income Ratio (At Your Income)

Your Monthly Income:

Affordability Status

Calculate above

Based on 28% front-end ratio

Affordability Guidelines

✓ 28% DTI Rule:
Monthly payment ÷ Gross income should be ≤ 28%
ℹ 43% Total DTI:
All debt payments ÷ Gross income should be ≤ 43%
! Down Payment Impact:
Higher down payment = lower monthly payment = better affordability
★ Interest Rate:
Even 0.5% rate difference can save thousands over 30 years