Monthly Payment Calculator
Break a purchase price down into every line of the monthly payment: principal and interest, property tax, homeowners insurance, mortgage insurance and HOA dues — then watch the balance fall across the full term.
= $100,000
Illustrative — not a quoted rate.
Per year, as a share of price.
Per year, as a share of price.
Per month.
Per month, on top of the payment.
Each bar is labelled; nothing here depends on colour alone.
Estimated monthly payment
$3,195
$2,528 principal & interest + $667 escrow and dues
Illustrative only. Not a quote, not an offer of credit, and not an APR.
Balance is the solid area; cumulative interest is dashed; cumulative principal is dotted. Hover any year for the figures.
Amortisation schedule
30 years, running totals at each year end.
| Year | Paid in year | Interest | Principal | Balance | Interest to date | Principal to date |
|---|---|---|---|---|---|---|
| Year 1 · 2026 | $30,339 | $25,868 | $4,471 | $395,529 | $25,868 | $4,471 |
| Year 2 · 2027 | $30,339 | $25,569 | $4,770 | $390,759 | $51,437 | $9,241 |
| Year 3 · 2028 | $30,339 | $25,249 | $5,090 | $385,669 | $76,687 | $14,331 |
| Year 4 · 2029 | $30,339 | $24,909 | $5,431 | $380,238 | $101,595 | $19,762 |
| Year 5 · 2030 | $30,339 | $24,545 | $5,794 | $374,444 | $126,140 | $25,556 |
| Year 6 · 2031 | $30,339 | $24,157 | $6,182 | $368,261 | $150,297 | $31,739 |
| Year 7 · 2032 | $30,339 | $23,743 | $6,596 | $361,665 | $174,040 | $38,335 |
| Year 8 · 2033 | $30,339 | $23,301 | $7,038 | $354,627 | $197,341 | $45,373 |
| Year 9 · 2034 | $30,339 | $22,830 | $7,510 | $347,117 | $220,170 | $52,883 |
| Year 10 · 2035 | $30,339 | $22,327 | $8,013 | $339,105 | $242,497 | $60,895 |
| Year 11 · 2036 | $30,339 | $21,790 | $8,549 | $330,555 | $264,287 | $69,445 |
| Year 12 · 2037 | $30,339 | $21,218 | $9,122 | $321,434 | $285,505 | $78,566 |
| Year 13 · 2038 | $30,339 | $20,607 | $9,733 | $311,701 | $306,111 | $88,299 |
| Year 14 · 2039 | $30,339 | $19,955 | $10,384 | $301,316 | $326,066 | $98,684 |
| Year 15 · 2040 | $30,339 | $19,259 | $11,080 | $290,237 | $345,326 | $109,763 |
| Year 16 · 2041 | $30,339 | $18,517 | $11,822 | $278,415 | $363,843 | $121,585 |
| Year 17 · 2042 | $30,339 | $17,726 | $12,614 | $265,801 | $381,568 | $134,199 |
| Year 18 · 2043 | $30,339 | $16,881 | $13,458 | $252,342 | $398,449 | $147,658 |
| Year 19 · 2044 | $30,339 | $15,979 | $14,360 | $237,983 | $414,429 | $162,017 |
| Year 20 · 2045 | $30,339 | $15,018 | $15,322 | $222,661 | $429,446 | $177,339 |
| Year 21 · 2046 | $30,339 | $13,992 | $16,348 | $206,314 | $443,438 | $193,686 |
| Year 22 · 2047 | $30,339 | $12,897 | $17,442 | $188,871 | $456,335 | $211,129 |
| Year 23 · 2048 | $30,339 | $11,729 | $18,611 | $170,260 | $468,064 | $229,740 |
| Year 24 · 2049 | $30,339 | $10,482 | $19,857 | $150,403 | $478,546 | $249,597 |
| Year 25 · 2050 | $30,339 | $9,152 | $21,187 | $129,217 | $487,698 | $270,783 |
| Year 26 · 2051 | $30,339 | $7,734 | $22,606 | $106,611 | $495,432 | $293,389 |
| Year 27 · 2052 | $30,339 | $6,220 | $24,120 | $82,491 | $501,651 | $317,509 |
| Year 28 · 2053 | $30,339 | $4,604 | $25,735 | $56,756 | $506,256 | $343,244 |
| Year 29 · 2054 | $30,339 | $2,881 | $27,459 | $29,298 | $509,136 | $370,702 |
| Year 30 · 2055 | $30,339 | $1,042 | $29,298 | $0 | $510,178 | $400,000 |
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Ask a human about these numbers
A calculator cannot see your credit file, your assets or the property. A loan officer can.
Jeremy personally reviews every request. 60-minute response times during operating hours.
How to use the monthly payment calculator
Enter the home price and your down payment.
Set the interest rate and the loan term you want to compare, such as 30 or 15 years.
Add the annual property tax, homeowners insurance and any monthly HOA dues for the home.
Check the mortgage insurance rate if you are putting down less than 20%, and add any extra principal you plan to pay.
Read the total monthly payment, then scroll the schedule to see how the balance falls over the term.
Terms used in this calculator
- PITI
- Principal, interest, taxes and insurance: the four main parts of a monthly mortgage payment. HOA dues and mortgage insurance are often added on top.In the glossary : PITI
- Principal
- The amount you borrowed. Each payment reduces it a little, and early payments go mostly to interest.In the glossary : Principal
- Escrow
- An account your loan servicer uses to collect part of each payment and pay your property taxes and insurance when they are due.In the glossary : Escrow
- Private mortgage insurance (PMI)
- Insurance most conventional lenders require when you put down less than 20%. It protects the lender, not you, and can usually be removed later.In the glossary : Private Mortgage Insurance (PMI)
- Property tax
- Tax charged by your county on the home's assessed value. In Arizona it is billed by the county treasurer in two halves each year.In the glossary : Property taxes
- Homeowners insurance
- Hazard insurance that covers the home against damage such as fire or storms. Lenders require it for the life of the loan.In the glossary : Homeowners insurance (hazard insurance)
- HOA dues
- Monthly or annual fees paid to a homeowners association for shared amenities and upkeep, common in many East Valley neighbourhoods.In the glossary : Homeowners association (HOA) dues
- Loan term
- How long you have to repay the loan, usually 30 or 15 years. A shorter term means a higher payment but much less total interest.
Frequently asked questions
Most payments also include property tax, homeowners insurance and, with less than 20% down, mortgage insurance, and HOA dues are paid on top. This calculator adds each of those lines so you see the full monthly cost, not just the loan payment.
Arizona property tax is based on the county assessor's limited property value and the tax rates where the home sits, so it varies by city and school district. The current tax bill on the listing or the county treasurer's website is the best starting point; enter that annual amount here.
On most conventional loans you can ask to remove PMI once your balance reaches 80% of the home's original value, and it ends automatically at 78%. FHA mortgage insurance follows different rules, which Jeremy can walk you through.
Yes. Extra principal lowers the balance that interest is charged on, so you pay less interest and finish sooner. Enter an amount in the extra principal field and compare the total interest and payoff date.
A 15-year term has a higher monthly payment but builds equity faster and costs far less in total interest. A 30-year term keeps the payment lower and leaves more room in your budget. Try both terms here to see the difference in your own numbers.
No, it is an estimate. Your real payment depends on your credit, the final rate, the exact tax and insurance figures and your loan program. For your actual numbers, request a personalized quote from Jeremy.
More questions? See the full FAQ or request a personalized quote.