Amortization Calculator

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Amortization Calculator

Your loan

Home price

Down payment % of price

Interest rate %

Term years

The rest of the payment

Property tax %/yr

Insurance + HOA $/mo

PMI %/yr of loan · auto until 20% equity

Show me yearyear 5

$3,570

Your full monthly payment

Year 5: $68,162 total equity · $381,838 left on the loan · this year’s payments: 16% principal · mostly principal from year 21.

P&I: $2,735
Taxes: $413
Insurance / HOA: $220
PMI: $203 · to yr 9

Where each year’s payments go

Principal (builds equity)Interest (cost of the loan)Crossover

At year 5

	This year	Since day one
Principal (equity built)	$5,315	$23,162
Interest paid	$27,509	$140,962
Loan balance left	$381,838
Total equity (incl. down payment)	$68,162

Amortization front-loads interest: early payments are mostly loan cost, later ones mostly equity. Extra principal payments pull the crossover earlier and cut total interest. PMI drops automatically once the balance falls below 80% of the price. Estimates only — not financial advice.

The payment is the real price of a home. Check what payment fits your life before you fall for a listing price.

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