Home Purchase Amortization

Calculate your monthly payments and see the complete amortization schedule

Loan Details

$
$

20.0% of home price

Total Cash Needed at Closing

$115,000

Down Payment: $100,000 + Closing Costs: $15,000

Complete Monthly Payment (PITI)

Principal & Interest

$2528

Property Tax

$500

Home Insurance

$125

Total Monthly Payment

$3153

Interest vs Principal Ratio

You'll pay $510,177.954 in interest

That's 128% more than the loan amount!

First 5 Years Analysis

Only $25,556.09 goes to principal

vs $126,140.235 to interest (17% principal)

15-Year vs 30-Year Comparison

Loan Amount

$400,000

P&I Payment

$2528

Total Interest

$510178

Total Payment

$910178

Payment Breakdown Over Time

Complete Amortization Schedule

YearPrincipal PaidInterest PaidRemaining Balance
1$4471$25868$395529
2$4770$25569$390759
3$5090$25249$385669
4$5431$24909$380238
5$5794$24545$374444
6$6182$24157$368261
7$6596$23743$361665
8$7038$23301$354627
9$7510$22830$347117
10$8013$22327$339105
11$8549$21790$330555
12$9122$21218$321434
13$9733$20607$311701
14$10384$19955$301316
15$11080$19259$290237
16$11822$18517$278415
17$12614$17726$265801
18$13458$16881$252342
19$14360$15979$237983
20$15322$15018$222661
21$16348$13992$206314
22$17442$12897$188871
23$18611$11729$170260
24$19857$10482$150403
25$21187$9152$129217
26$22606$7734$106611
27$24120$6220$82491
28$25735$4604$56756
29$27459$2881$29298
30$29298$1042$0

Educational Purpose Only

⚖️ Disclaimer: This calculator is provided for educational and informational purposes only. It does not constitute financial, legal, or professional advice. All calculations are estimates based on the information you provide and should not be considered as guaranteed loan terms or rates.

💼 Consult Professionals: Always consult with a licensed mortgage broker, financial advisor, or lending professional before making any mortgage or home purchase decisions. Actual rates, PMI costs, property taxes, insurance, and closing costs may vary based on your credit score, property location, loan type, and lender requirements.

📊 No Guarantees: MortgageHub does not guarantee the accuracy of calculations and is not responsible for any decisions made based on this tool. All rates, terms, and costs shown are examples only.