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$
$
%
%

Advanced (optional)

$
%
/year
/month
Principal & Interest (P&I)
$
PMI
$
Taxes & HOA
$
Homeowners Insurance
$

Loan Totals:

Purchase Price $
Down Payment $
Total Loan Amount $

PMI

The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.

Estimated Payment

$ /mo

Loan amount
$
Down payment
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
$
Mortgage insurance
$
HOA dues
$

Payment Breakdown

Amortization Schedule Breakdown

Our detailed amortization schedule breaks down your mortgage payments, showing how they're split between interest and principal throughout your loan term.

Note: Your actual monthly payment may be higher than shown here. This schedule doesn't include variable costs like property taxes and home insurance, which are often part of your total mortgage payment.

  • Principal payments: $$240,000 (the amount borrowed)
  • Interest payments: $$297,554 (the cost of borrowing)