Ultimate Mortgage Calculator
🏠 Property Information
20%
💵 Loan Details
4.5%
Enable Extra Payments
📊 Additional Costs
📅 Timeline & Affordability
Comfortable
Stretched
Overextended
Mortgage Results
Summary
Monthly Breakdown
Amortization
Graphs
Comparison
Loan Amount
280,000
Down Payment
70,000 (20%)
Monthly Payment
1,418
Total Interest
230,629
Total Cost
510,629
Pay-off Date
May 2053
Interest Rate
4.5% Fixed
Loan Term
30 years
DTI Ratio
23% Good
Home Equity in 5 Years
98,450 (28%)
Total Closing Costs
7,000
Principal & Interest
1,418
Property Tax
292
Home Insurance
100
PMI
0
HOA Fees
0
Total Monthly Payment
1,810
Monthly Income
8,333
Housing Expense Ratio
22% Good
Debt-to-Income Ratio
23% Good
Affordability
Comfortable Good
Extra Payments Total
0
Interest Saved
0
Time Saved
0 years 0 months
| Year | Interest | Principal | Extra Payments | Balance | Equity |
|---|
Current Scenario
Monthly Payment
1,810
Total Interest
230,629
Pay-off Date
May 2053
Comparison Scenario
Monthly Payment
1,258
Total Interest
182,796
Pay-off Date
May 2053
