Mortgage Calculator
Calculate monthly mortgage payments with taxes, insurance, PMI, HOA and extra payments, plus a full amortization schedule.
Tip: mark extra payments as “principal-only” with your servicer — otherwise they may be applied to next month's payment instead.
Estimates only: tax and insurance are held constant over the term, PMI is an estimate, and your lender's figures govern. Interest is charged monthly on the declining balance; the first payment falls one month after the start date.
| Period | Payment | Principal | Interest | Total | Balance |
|---|---|---|---|---|---|
| Year 1 | $18,203.52 | $2,682.50 | $15,521.02 | $23,603.52 | $237,317.50 |
| Year 2 | $18,203.52 | $2,862.14 | $15,341.38 | $23,603.52 | $234,455.36 |
| Year 3 | $18,203.52 | $3,053.84 | $15,149.68 | $23,603.52 | $231,401.52 |
| Year 4 | $18,203.52 | $3,258.35 | $14,945.17 | $23,603.52 | $228,143.17 |
| Year 5 | $18,203.52 | $3,476.57 | $14,726.95 | $23,603.52 | $224,666.60 |
| Year 6 | $18,203.52 | $3,709.41 | $14,494.11 | $23,603.52 | $220,957.19 |
| Year 7 | $18,203.52 | $3,957.85 | $14,245.67 | $23,603.52 | $216,999.34 |
| Year 8 | $18,203.52 | $4,222.91 | $13,980.61 | $23,603.52 | $212,776.43 |
| Year 9 | $18,203.52 | $4,505.72 | $13,697.80 | $23,603.52 | $208,270.71 |
| Year 10 | $18,203.52 | $4,807.47 | $13,396.05 | $23,603.52 | $203,463.24 |
| Year 11 | $18,203.52 | $5,129.45 | $13,074.07 | $23,603.52 | $198,333.79 |
| Year 12 | $18,203.52 | $5,472.94 | $12,730.58 | $23,603.52 | $192,860.85 |
| Year 13 | $18,203.52 | $5,839.51 | $12,364.01 | $23,603.52 | $187,021.34 |
| Year 14 | $18,203.52 | $6,230.58 | $11,972.94 | $23,603.52 | $180,790.76 |
| Year 15 | $18,203.52 | $6,647.86 | $11,555.66 | $23,603.52 | $174,142.90 |
| Year 16 | $18,203.52 | $7,093.08 | $11,110.44 | $23,603.52 | $167,049.82 |
| Year 17 | $18,203.52 | $7,568.12 | $10,635.40 | $23,603.52 | $159,481.70 |
| Year 18 | $18,203.52 | $8,074.97 | $10,128.55 | $23,603.52 | $151,406.73 |
| Year 19 | $18,203.52 | $8,615.77 | $9,587.75 | $23,603.52 | $142,790.96 |
| Year 20 | $18,203.52 | $9,192.79 | $9,010.73 | $23,603.52 | $133,598.17 |
| Year 21 | $18,203.52 | $9,808.43 | $8,395.09 | $23,603.52 | $123,789.74 |
| Year 22 | $18,203.52 | $10,465.31 | $7,738.21 | $23,603.52 | $113,324.43 |
| Year 23 | $18,203.52 | $11,166.19 | $7,037.33 | $23,603.52 | $102,158.24 |
| Year 24 | $18,203.52 | $11,914.02 | $6,289.50 | $23,603.52 | $90,244.22 |
| Year 25 | $18,203.52 | $12,711.95 | $5,491.57 | $23,603.52 | $77,532.27 |
| Year 26 | $18,203.52 | $13,563.28 | $4,640.24 | $23,603.52 | $63,968.99 |
| Year 27 | $18,203.52 | $14,471.62 | $3,731.90 | $23,603.52 | $49,497.37 |
| Year 28 | $18,203.52 | $15,440.82 | $2,762.70 | $23,603.52 | $34,056.55 |
| Year 29 | $18,203.52 | $16,474.91 | $1,728.61 | $23,603.52 | $17,581.64 |
| Year 30 | $18,206.89 | $17,581.64 | $625.25 | $23,606.89 | $0.00 |
About our Mortgage Calculator
Free mortgage calculator with amortization schedule, PMI calculator and extra payment savings. Calculate monthly PITI payments for USA and UK mortgages, see when PMI drops off, compare extra payments, and download the full payment schedule as CSV. No signup required.
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Frequently Asked Questions
What does PITI mean?
PITI stands for Principal, Interest, Taxes and Insurance. It is the full monthly mortgage payment: loan principal and interest plus property tax, homeowners insurance, and PMI and HOA dues when they apply.
When does PMI drop off?
On a conventional US loan you can request PMI cancellation when your balance reaches 80% of the original home value, and your servicer must remove it automatically at 78% if payments are current. Extra payments bring these dates forward.
Do extra mortgage payments really help?
Yes. Every extra dollar goes to principal, which shortens the loan and cuts total interest. For example, an extra $100 a month on a $340,000 loan at 6.75% can save over $36,000 in interest and finish the loan years early.
How do UK mortgages differ from US mortgages?
UK mortgages commonly run 25 years, have no PMI, and do not escrow council tax or insurance into the monthly payment. UK borrowers can also choose interest-only mortgages, where the monthly payment covers interest only and the full loan is due at the end.
What is an amortization schedule?
An amortization schedule is a month-by-month table showing how each payment splits between principal and interest and how the remaining balance falls until the loan is paid off.