Calculate your monthly mortgage payment, view complete amortization schedule, and include taxes, insurance, and HOA fees.
A standard mortgage payment (P&I) is calculated using: M = P[r(1+r)^n] / [(1+r)^n - 1]. In the early years, most of your payment goes to interest. As the principal decreases, more goes toward paying down the loan. Adding extra payments — even $100/month — can save thousands in interest and cut years off your mortgage. Switching to biweekly payments (26 half-payments per year = 13 full payments) also accelerates payoff.