Mortgage Calculator

Understand your full monthly PITI payment — principal, interest, taxes, insurance, and PMI when applicable.

Home price i

$400,000

Down payment i

20% — $80,000

Interest rate i

6.5%

Loan term i

30 years

Property tax i

1.2%/yr

Homeowners insurance i

0.50%/yr

Monthly PITI

—

Principal & Interest

—

PMI (if under 20%)

—

Total interest

—

Total paid

—

Principal paid Interest paid Remaining balance

Rent vs. Buy

Apples-to-apples net-worth comparison. The renter invests the down payment plus whichever side saves money each month. Buy side accounts for ~6% selling costs.

Home price i

$400,000

Monthly rent i

$2,000/mo

Mortgage rate i

6.5%

Down payment i

20%

Home appreciation/yr i

3.0%/yr

Rent increase/yr i

3.0%/yr

Investment return i

7.0%/yr

Years to compare i

10 years

Calculating…

Buy: net worth

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Rent: net worth

—

Buy: total cost

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Rent: total cost

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Buy net worth Rent net worth

Home Affordability

How much house can you afford? Uses the standard 28/36 DTI rule with full PITI (tax, insurance, and PMI when applicable).

Gross monthly income i

$8,000/mo

Other monthly debts i

$500/mo

Down payment cash i

$50,000

Mortgage rate i

6.5%

Calculating…

Max home price

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Max monthly PITI

—

Down %

—

Loan amount

—

Compound Interest

See how your money grows over time when interest earns interest.

Initial investment i

$10,000

Annual interest rate i

7.0%

Years i

20 years

Monthly contribution i

$200/mo

Final balance

—

Total contributed

—

Interest earned

—

Contributions Interest earned

Retirement Planner

Project your retirement savings. The "years savings will last" estimate now grows spending with inflation each year.

Current age i

Retirement age i

Current savings i

$25,000

Monthly contribution i

$500/mo

Annual return i

7.0%

Monthly spending in retirement i

$4,000/mo

Inflation rate i

2.5%/yr

Projected at retirement

—

Years savings will last

—

Safe withdrawal (4%)

—

Savings needed

—

Contributions Growth

Debt Payoff

Add all your debts and pick a payoff strategy. Avalanche minimizes interest; snowball builds momentum by killing small balances first.

Extra monthly payment i

$100/mo

Total balance

—

Payoff: minimum only

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Payoff: with strategy

—

Interest: minimum

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Interest saved

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Minimum only With strategy