Mortgage calculator
Principal and interest from amortization, plus the extras your region typically escrows.
Defaults to your region. Switch to compare any other scale.
Monthly P&I plus tax and insurance escrow.
Result
$3,078.27
Monthly housing payment
- Principal & interest$2,528.27
- Tax + insurance / month$550.00
- Total interest (P&I)$510,177.95
First 12 months
| # | Housing | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $3,078.27 | $361.61 | $2,166.67 | $399,638.39 |
| 2 | $3,078.27 | $363.56 | $2,164.71 | $399,274.83 |
| 3 | $3,078.27 | $365.53 | $2,162.74 | $398,909.30 |
| 4 | $3,078.27 | $367.51 | $2,160.76 | $398,541.78 |
| 5 | $3,078.27 | $369.50 | $2,158.77 | $398,172.28 |
| 6 | $3,078.27 | $371.51 | $2,156.77 | $397,800.77 |
| 7 | $3,078.27 | $373.52 | $2,154.75 | $397,427.26 |
| 8 | $3,078.27 | $375.54 | $2,152.73 | $397,051.71 |
| 9 | $3,078.27 | $377.58 | $2,150.70 | $396,674.14 |
| 10 | $3,078.27 | $379.62 | $2,148.65 | $396,294.52 |
| 11 | $3,078.27 | $381.68 | $2,146.60 | $395,912.84 |
| 12 | $3,078.27 | $383.74 | $2,144.53 | $395,529.10 |
Formula
P&I = P × [r(1+r)^n] / [(1+r)^n − 1]Housing payment = P&I + tax/12 + insurance/12
How it is calculated
- Enter price or principal, rate, and years.
- Add annual tax and insurance if you escrow them.
- Payment is amortized P&I plus monthly extras.
Questions
Does this include PMI or CMHC?
No. Private mortgage insurance, CMHC in Canada, and Japanese guarantee fees vary. Add them into the insurance field if you know the annual amount.