ToolVaults

Mortgage Calculator

Calculate your monthly mortgage payment, total interest, and a year-by-year amortization schedule. All math runs in your browser.

Runs 100% in your browser — nothing is uploaded.

Monthly payment
$2,528.27
Total interest
$510,177.95
Total paid
$910,177.95

Estimate only — does not include property tax, insurance, PMI, HOA, or origination fees. Verify with a licensed mortgage broker before making decisions.

Frequently asked

What does this NOT include?

Property taxes, homeowner's insurance, private mortgage insurance (PMI), HOA fees, and origination or discount points. Real monthly cost is typically 15–30% higher than the base payment shown here.

How is the monthly payment formula derived?

Standard amortizing loan formula: P × [r(1+r)^n] / [(1+r)^n − 1], where P is principal, r is monthly rate (annual / 12), and n is total months. When rate = 0, it simplifies to P / n.

Why does the schedule show only yearly snapshots?

To keep the UI scannable. A 30-year mortgage has 360 rows; showing 30 is enough to see the interest → principal shift over time. The full schedule is computed and can be exported in a future update.

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