Mortgage Calculator 2026
Calculate your exact monthly mortgage payment, total interest paid over the life of the loan, and see how rate, term, and down payment change the numbers.
Over 30 years you pay $478,000 in interest on a $360,000 loan.
Even an extra $100/month toward principal can shave years off your loan and tens of thousands in interest. Compare lenders on rate AND points before locking.
See current mortgage ratesYear-by-year amortization
30 years to payoff| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | $3,859 | $24,075 | $356,141 |
| 2 | $4,126 | $23,807 | $352,015 |
| 3 | $4,412 | $23,521 | $347,603 |
| 4 | $4,718 | $23,215 | $342,885 |
| 5 | $5,045 | $22,888 | $337,840 |
| 6 | $5,395 | $22,539 | $332,445 |
| 7 | $5,769 | $22,165 | $326,677 |
| 8 | $6,168 | $21,765 | $320,508 |
| 9 | $6,596 | $21,337 | $313,912 |
| 10 | $7,053 | $20,880 | $306,859 |
| 11 | $7,542 | $20,391 | $299,318 |
| 12 | $8,065 | $19,869 | $291,253 |
| 13 | $8,624 | $19,310 | $282,629 |
| 14 | $9,221 | $18,712 | $273,408 |
| 15 | $9,860 | $18,073 | $263,548 |
| 16 | $10,544 | $17,390 | $253,004 |
| 17 | $11,275 | $16,659 | $241,730 |
| 18 | $12,056 | $15,877 | $229,674 |
| 19 | $12,892 | $15,042 | $216,782 |
| 20 | $13,785 | $14,148 | $202,997 |
| 21 | $14,740 | $13,193 | $188,257 |
| 22 | $15,762 | $12,171 | $172,495 |
| 23 | $16,855 | $11,079 | $155,640 |
| 24 | $18,023 | $9,911 | $137,617 |
| 25 | $19,272 | $8,661 | $118,345 |
| 26 | $20,608 | $7,326 | $97,738 |
| 27 | $22,036 | $5,897 | $75,702 |
| 28 | $23,563 | $4,370 | $52,139 |
| 29 | $25,196 | $2,737 | $26,943 |
| 30 | $26,943 | $991 | $0 |
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Coach Insight
A 0.5% difference in mortgage rate on a $400,000 loan costs $43,200 over 30 years. At today's average of 6.72%, small rate differences have enormous long-term consequences. Always run the math before accepting a rate.
Frequently Asked Questions
Everything you need to know.
Related Calculators
Why This Matters
A 0.5% difference in mortgage rate on a $400,000 loan costs $43,200 over 30 years. At today's average of 6.72%, small rate differences have enormous long-term consequences. Always run the math before accepting a rate.
How to Use It
- 1Enter your home price and down payment amount
- 2Set the interest rate — use our comparison page for live rates
- 3Choose your loan term (15 or 30 years)
- 4Add property tax and insurance for your true monthly cost
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