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Mortgage payment calculator
See your full monthly payment, including taxes, insurance, mortgage insurance and HOA dues, with a live breakdown.
Estimated monthly payment
$3,181/mo
- Principal & interest$2,65283.4%
- Property tax$2227.0%
- Home insurance$1253.9%
- PMI$1825.7%
- HOA dues$00%
- Loan amount
- $436,500
- Down payment
- $48,500 (10.0%)
- Total interest
- $518,299
- Total of payments
- $973,896
- Payoff date
- Sep 2056
- Loan-to-value
- 90.0%
- PMI
- Ends Jun 2035
- Extra payments save
- $0
- Loan balance
- Principal paid
- Interest paid
- Principal
- Interest
| Period | Paid | Principal | Interest | PMI | Total interest | Balance |
|---|---|---|---|---|---|---|
| $34,009 | $5,236 | $26,590 | $2,183 | $26,590 | $431,264 | |
| $34,009 | $5,566 | $26,260 | $2,183 | $52,851 | $425,697 | |
| $34,009 | $5,917 | $25,910 | $2,183 | $78,760 | $419,780 | |
| $34,009 | $6,290 | $25,537 | $2,183 | $104,297 | $413,491 | |
| $34,009 | $6,686 | $25,141 | $2,183 | $129,438 | $406,805 | |
| $34,009 | $7,107 | $24,719 | $2,183 | $154,157 | $399,698 | |
| $34,009 | $7,555 | $24,272 | $2,183 | $178,429 | $392,143 | |
| $34,009 | $8,031 | $23,796 | $2,183 | $202,225 | $384,112 | |
| $33,464 | $8,537 | $23,290 | $1,637 | $225,515 | $375,575 | |
| $31,827 | $9,075 | $22,752 | $0 | $248,267 | $366,500 | |
| $31,827 | $9,646 | $22,180 | $0 | $270,447 | $356,854 | |
| $31,827 | $10,254 | $21,573 | $0 | $292,020 | $346,600 | |
| $31,827 | $10,900 | $20,927 | $0 | $312,946 | $335,700 | |
| $31,827 | $11,587 | $20,240 | $0 | $333,186 | $324,113 | |
| $31,827 | $12,317 | $19,510 | $0 | $352,696 | $311,797 | |
| $31,827 | $13,093 | $18,734 | $0 | $371,430 | $298,704 | |
| $31,827 | $13,917 | $17,909 | $0 | $389,340 | $284,787 | |
| $31,827 | $14,794 | $17,032 | $0 | $406,372 | $269,992 | |
| $31,827 | $15,726 | $16,100 | $0 | $422,472 | $254,266 | |
| $31,827 | $16,717 | $15,110 | $0 | $437,582 | $237,549 | |
| $31,827 | $17,770 | $14,057 | $0 | $451,639 | $219,779 | |
| $31,827 | $18,890 | $12,937 | $0 | $464,576 | $200,890 | |
| $31,827 | $20,080 | $11,747 | $0 | $476,323 | $180,810 | |
| $31,827 | $21,345 | $10,482 | $0 | $486,805 | $159,465 | |
| $31,827 | $22,689 | $9,137 | $0 | $495,942 | $136,776 | |
| $31,827 | $24,119 | $7,708 | $0 | $503,650 | $112,657 | |
| $31,827 | $25,638 | $6,188 | $0 | $509,838 | $87,019 | |
| $31,827 | $27,253 | $4,573 | $0 | $514,412 | $59,766 | |
| $31,827 | $28,970 | $2,856 | $0 | $517,268 | $30,795 | |
| $31,827 | $30,795 | $1,031 | $0 | $518,299 | $0 |
Estimates only. Sample figures for illustration, not a loan offer or commitment to lend. PMI is estimated at the rate you enter and removed at 78% of the original value; FHA uses a 1.75% upfront premium and 0.50% to 0.55% annual MIP; VA uses the first-use funding fee. Taxes and insurance change over time. Your Loan Estimate will show your actual terms.
What goes into a mortgage payment
Most payments include four parts, often called PITI: principal, interest, property taxes and homeowners insurance. If you put down less than 20% on a conventional loan, private mortgage insurance is added. Condos and many newer townhome communities also charge HOA dues, which lenders count in your payment even though you pay them separately.
Principal and interest stay the same for the life of a fixed-rate loan. Taxes and insurance are collected in an escrow account and can change each year when your county reassesses value or your insurer renews your policy.
Utah defaults used here
Utah property taxes are among the lowest in the West. Primary residences receive a 45% residential exemption, which is why the effective rate on a Salt Lake County home is roughly 0.5% to 0.6% of market value. We default to 0.55% and $1,500 per year for homeowners insurance. Adjust both for your city and home.
How to lower your payment
Increase your down payment to reduce the loan and remove PMI at 20%. Compare 30 and 20 year terms, since the rate on shorter terms is usually lower. Ask about temporary buydowns funded by seller credits, which can lower your rate for the first one to two years.
Know your numbers before you shop
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