Home Loan Calculator
Calculate monthly principal and interest payments for buying or refinancing a home, interactive charts, and user insights.
Home Purchase Details
In Brief
For a $300,000 home with $60,000 down payment (20%) at 6.50% interest over 30 years, your monthly principal & interest payment is $1,516.97. Total interest paid will be $306,108.
Home Purchase Financing Distribution
Down payment vs Financed principal vs Cumulative interest
User Insights
Smart analysis of your current calculation
Interest represents 56.1% of your total out-of-pocket repayment.
Adding an extra monthly contribution accelerates principal payoff and cuts total financing costs.
Total interest exceeds the original loan balance over 30 years. Switching to a 15-year or 20-year term saves hundreds of thousands.
Amortization Schedule
Detailed monthly payment breakdown over the loan duration.
| # | Date | Principal | Interest | Extra | Total Payment | Remaining Balance |
|---|---|---|---|---|---|---|
| Adjust inputs to view your schedule breakdown. | ||||||
Financing Your Home
Your principal and interest payment stays fixed for the duration of a conventional fixed-rate home loan.