Configure Inputs

$400.00K
$
$50.00K$2.00M
$80.00K
$
$0.00$400.00K
6.5%
%
115
30
540
1.2%
%
05
$1.20K
$
$0.00$10.00K
0.5%
%
02.5
$0.00
$
$0.00$2.00K
January 2026

Loan Amount (Principal)

$320,000

Total Interest Paid

$408,142

Total Cost of Loan

$728,142

Over 30 Years

Principal vs Interest

Principal
Interest

Estimated Monthly Payment

$2,523

P&I: $2,023Taxes: $400Ins: $100

Monthly Payment Breakdown

Analysis & Results

Detailed Amortization Schedule

Year
Principal
(A)
Interest
(B)
Expenses
(C)
Total Payment
(A + B + C)
Balance
Paid %
26
$3,577
$20,695
$6,000
$30,271
$316,423
1%
27
$3,816
$20,455
$6,000
$30,271
$312,607
2%
28
$4,072
$20,200
$6,000
$30,271
$308,535
4%
29
$4,345
$19,927
$6,000
$30,271
$304,191
5%
30
$4,636
$19,636
$6,000
$30,271
$299,555
6%
31
$4,946
$19,325
$6,000
$30,271
$294,609
8%
32
$5,277
$18,994
$6,000
$30,271
$289,332
10%
33
$5,631
$18,641
$6,000
$30,271
$283,701
11%
34
$6,008
$18,264
$6,000
$30,271
$277,694
13%
35
$6,410
$17,861
$6,000
$30,271
$271,284
15%
36
$6,839
$17,432
$6,000
$30,271
$264,444
17%
37
$7,297
$16,974
$6,000
$30,271
$257,147
20%
38
$7,786
$16,485
$6,000
$30,271
$249,361
22%
39
$8,308
$15,964
$6,000
$30,271
$241,053
25%
40
$8,864
$15,407
$6,000
$30,271
$232,189
27%
41
$9,458
$14,814
$6,000
$30,271
$222,732
30%
42
$10,091
$14,180
$6,000
$30,271
$212,641
34%
43
$10,767
$13,505
$6,000
$30,271
$201,874
37%
44
$11,488
$12,784
$6,000
$30,271
$190,386
41%
45
$12,257
$12,014
$6,000
$30,271
$178,129
44%
46
$13,078
$11,193
$6,000
$30,271
$165,051
48%
47
$13,954
$10,317
$6,000
$30,271
$151,097
53%
48
$14,888
$9,383
$6,000
$30,271
$136,208
57%
49
$15,886
$8,386
$6,000
$30,271
$120,323
62%
50
$16,949
$7,322
$6,000
$30,271
$103,373
68%
51
$18,085
$6,187
$6,000
$30,271
$85,289
73%
52
$19,296
$4,976
$6,000
$30,271
$65,993
79%
53
$20,588
$3,683
$6,000
$30,271
$45,405
86%
54
$21,967
$2,305
$6,000
$30,271
$23,438
93%
55
$23,438
$833
$6,000
$30,271
$0
100%
TIP Click on [+] to view monthly breakdown. Principal (A) includes monthly EMIs and any prepayments made.
* Values rounded

Deep Dive & FAQ

More Than Just Principal & Interest

In the US, your monthly housing payment is often referred to as PITI (Principal, Interest, Taxes, and Insurance). Understanding these components is crucial for budgeting.

The Core Payment

Principal & Interest: This is the loan repayment. In the early years of a 30-year fixed loan, nearly 80-90% of this amount goes toward interest, not paying down debt.

The "Escrow" Items

Taxes & Insurance: Most lenders collect 1/12th of your annual Property Tax and Homeowners Insurance bill every month and hold it in an Escrow Account to pay the bills for you.

What is PMI?

Private Mortgage Insurance (PMI) is usually required if your down payment is less than 20%. It protects the lender (not you) if you default. It typically costs 0.5% to 1% of the loan amount annually and can be removed once you build enough equity (usually 20%).