Home Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Annual Property Tax ($/yr)

Home Insurance ($/yr)

Monthly HOA Fee ($/mo)

Total Estimated Monthly Payment

$2,522 / month

Principal & Interest: $2,022

Property Taxes: $400

Home Insurance: $100

PMI: $0

Loan Amount: $320,000 Total Interest: $408,198 Total Cost: $728,198

📊 Yearly Amortization Schedule

Principal vs Interest Payoff

Year	Principal Paid	Interest Paid	Ending Balance

🛡️ 100% Client-Side • Instant & Auto-Saved Locally

Mortgage Payment & Amortization Calculator

🧮 Calculators

Calculate monthly mortgage payments with PMI, property taxes, homeowners insurance, and interactive amortization schedule.

⭐ 4.7/5 (190 votes)

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Frequently Asked Questions

Quick answers about controls, features, accuracy, and local browser saving.

How is the monthly mortgage payment calculated?

The principal and interest payment is calculated using the standard fixed-rate amortization formula: M = P [i(1 + i)^n] / [(1 + i)^n - 1], where P is the loan amount, i is the monthly interest rate (annual rate / 12), and n is the total number of monthly payments.

What is PMI and when does it apply?

Private Mortgage Insurance (PMI) is usually required by conventional lenders if your down payment is less than 20% of the home purchase price. Once your loan balance drops to 80% or 78% of the original purchase value, PMI is typically eliminated.

What is included in the PITI payment?

PITI stands for Principal, Interest, Taxes, and Insurance. Our calculator also accounts for optional HOA fees and PMI to give you an accurate real-world monthly housing cost.

Are my financial details stored or shared?

No. RapidWebApp runs 100% in your local web browser. No loan amounts, home prices, or income estimations are ever saved or transmitted to third parties or loan officers.

💬 Player Comments & Community Tips

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