1. Loan Details

Home Price ($)

Down Payment ($)

20%

Loan Term (Years)

Interest Rate (%)

2. Taxes & Insurance (Yearly)

Property Tax ($)

Approx. 1.2% of home value

Home Insurance ($)

HOA Fees (Monthly)

Estimated Monthly Payment

$0.00

Principal & Interest $0.00

Property Tax $0.00

Home Insurance $0.00

PMI $0.00

HOA $0.00

Amortization Schedule

Total Interest Paid

Total Payments

Payoff Date

How to Use This Calculator

Enter Loan Details: Input the home price, your down payment, the loan term (usually 30 years), and your interest rate.
Review Additional Costs: We've estimated property taxes and insurance based on national averages, but you should adjust these to match your specific situation. Don't forget HOA fees if applicable!
Analyze the Breakdown: See exactly where your monthly payment is going. The donut chart visualizes the ratio of Principal & Interest vs. Taxes & Insurance.
View the Future: The Amortization Schedule graph shows how your loan balance decreases over time and how much total interest you will pay over the life of the loan.

Frequently Asked Questions

What is PMI?

Private Mortgage Insurance (PMI) is usually required if your down payment is less than 20% of the home's value. It protects the lender if you default. This calculator automatically estimates PMI if your down payment is under 20%.

How are property taxes calculated?

Property taxes vary significantly by location. This tool defaults to about 1.2% of the home value annually, which is a common national average, but you should check your local tax rates for accuracy.

Should I choose a 15-year or 30-year term?

A 30-year term has lower monthly payments but you pay more interest over time. A 15-year term has higher monthly payments but saves you a significant amount in total interest.

Disclaimer: For Educational Purposes Only

The results provided by this Mortgage Calculator are estimates based on the information you provide and standard financial formulas. Actual payments may vary based on your lender, location, credit score, and specific loan terms. Estimates for property taxes, insurance, and PMI are averages and may not reflect your actual costs. Gnosis Foundry is not a lender, tax advisor, or financial institution. Please consult with a qualified professional for accurate financial advice and loan offers.