Mortgage Calculator
Estimate your monthly home payment
Explore an educational estimate for a fixed-rate mortgage—including principal and interest, property taxes, homeowners insurance, HOA dues, and PMI when applicable. This is not a loan offer, approval, or financial advice.
Payment Estimate
Charlotte mortgage calculator
Adjust home price, down payment, rate, and term to see how estimated monthly costs change. Calculator inputs are not submitted as a lead.
Estimate your monthly payment
Adjust the inputs to explore an educational estimate for a fixed-rate mortgage. No personal information is collected or stored from this calculator.
Enter percent or amount; both stay in sync.
Enter a custom annual rate. Zero percent is supported.
Automatic estimate uses 0.50% of the loan amount annually when down payment is below 20%. PMI is removed at 20% or more.
Estimated results
$2,572.62estimated monthly
- Loan amount
- $320,000.00
- Down payment
- $80,000.00
- Down payment %
- 20.00%
- Interest rate
- 6.50%
- Loan term
- 30 years
- Estimated payoff
- July 2056
- Total interest
- $408,140.64
- Total loan cost
- $728,140.64
- First-year principal
- $3,576.76
- First-year interest
- $20,694.68
Monthly payment breakdown
Values are also listed in text so the chart is not required to understand the estimate.
- Principal & interest(79%)$2,022.62
- Property taxes(16%)$400.00
- Homeowners insurance(6%)$150.00
- Total estimated monthly payment$2,572.62
Amortization summary
First 12 months by default. Switch to an annual summary for a lighter overview.
| Payment | Principal | Interest | Remaining balance |
|---|---|---|---|
| 1 | $289.29 | $1,733.33 | $319,710.71 |
| 2 | $290.85 | $1,731.77 | $319,419.86 |
| 3 | $292.43 | $1,730.19 | $319,127.43 |
| 4 | $294.01 | $1,728.61 | $318,833.42 |
| 5 | $295.61 | $1,727.01 | $318,537.81 |
| 6 | $297.21 | $1,725.41 | $318,240.60 |
| 7 | $298.82 | $1,723.80 | $317,941.78 |
| 8 | $300.44 | $1,722.18 | $317,641.34 |
| 9 | $302.06 | $1,720.56 | $317,339.28 |
| 10 | $303.70 | $1,718.92 | $317,035.58 |
| 11 | $305.34 | $1,717.28 | $316,730.24 |
| 12 | $307.00 | $1,715.62 | $316,423.24 |
Want help turning an estimate into a plan?
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