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Mortgage calculator
Your real monthly payment — not just principal and interest, but the taxes, insurance and PMI that show up on the same bill.
Your payment
Lenders quote principal and interest. Your actual bill includes escrow, which is why the quoted number and the real number never match.
20.0% down. Below 20% adds PMI.
Per year, as a share of the home price. Varies a lot by county.
Per year.
Borrowing $240,000 at 6.50% over 30 years.
Nearly flat at first: early payments are mostly interest, and the balance only starts falling quickly once the interest share shrinks.
Rates you are offered depend heavily on your credit score. Raising it before you apply is worth more than any single negotiation.
Shocked by the interest total?
There are proven ways to cut a 30-year payoff dramatically — see our honest guide to paying off a mortgage in 5–10 years, including the simple version that needs nothing but this calculator.