Mortgage calculator
What will your monthly payment be?
Estimate your mortgage payment with taxes, insurance, HOA dues and mortgage insurance included.
Your monthly payment
$4,240a month
- Principal & interest
- $3,034
- Property taxes
- $293
- Home insurance
- $175
- HOA dues
- $738
- Loan amount
- $480,000
- Total interest
- $612,214
- Total of payments
- $1,092,214
- Paid off
- Oct 2056
Your loan over time
What you still owe at the end of each year.
Show the schedule by year
| Year | Principal | Interest | Still owed |
|---|---|---|---|
| 1 | $5,365 | $31,042 | $474,635 |
| 2 | $5,724 | $30,683 | $468,911 |
| 3 | $6,108 | $30,299 | $462,803 |
| 4 | $6,517 | $29,890 | $456,286 |
| 5 | $6,953 | $29,454 | $449,333 |
| 6 | $7,419 | $28,988 | $441,914 |
| 7 | $7,916 | $28,491 | $433,998 |
| 8 | $8,446 | $27,961 | $425,552 |
| 9 | $9,012 | $27,396 | $416,540 |
| 10 | $9,615 | $26,792 | $406,925 |
| 11 | $10,259 | $26,148 | $396,666 |
| 12 | $10,946 | $25,461 | $385,720 |
| 13 | $11,679 | $24,728 | $374,041 |
| 14 | $12,461 | $23,946 | $361,580 |
| 15 | $13,296 | $23,111 | $348,284 |
| 16 | $14,186 | $22,221 | $334,098 |
| 17 | $15,136 | $21,271 | $318,961 |
| 18 | $16,150 | $20,257 | $302,811 |
| 19 | $17,232 | $19,175 | $285,579 |
| 20 | $18,386 | $18,021 | $267,193 |
| 21 | $19,617 | $16,790 | $247,576 |
| 22 | $20,931 | $15,476 | $226,645 |
| 23 | $22,333 | $14,074 | $204,313 |
| 24 | $23,828 | $12,579 | $180,484 |
| 25 | $25,424 | $10,983 | $155,060 |
| 26 | $27,127 | $9,280 | $127,933 |
| 27 | $28,944 | $7,463 | $98,989 |
| 28 | $30,882 | $5,525 | $68,107 |
| 29 | $32,950 | $3,457 | $35,157 |
| 30 | $35,157 | $1,250 | $0 |
Homes for sale up to $600,000
Every listing shows its own monthly estimate with its real taxes and HOA dues.
An estimate for planning only, not a quote or a loan offer. Your lender confirms the real rate, taxes, insurance and mortgage insurance, and closing costs are not included.
What goes into a mortgage payment
- Principal & interest
- What you pay the lender. Early on most of it is interest; by the end it is almost all principal.
- Property taxes
- Set by the county, usually around 1% of the home's value a year here. Your lender collects it monthly.
- Home insurance
- Required by every lender. It depends on the home, the cover and the carrier.
- HOA dues
- For condos and many townhouses. Every listing on our site shows the dues when the seller reports them.
- Mortgage insurance
- Charged on most conventional loans with less than 20% down, until you owe 78% of the price.
Common questions
Selling first? See what your home is worth- Is the interest rate today's rate?
- No. 6.5% is a starting point you can change. Rates move every day and depend on your credit, your deposit and the loan, so a lender is the only one who can tell you yours.
- How much should I put down?
- 20% avoids mortgage insurance on a conventional loan, but many buyers put down less. FHA, VA and first-time buyer programs can go much lower. Try a few amounts above to see how the monthly figure moves.
- Does this include closing costs?
- No. Closing costs are paid once, at settlement, and in Northern Virginia they usually come to 2% to 5% of the price. Your agent and lender will give you an estimate before you make an offer.
- How does an extra payment help?
- Anything above your scheduled payment comes straight off what you owe, so less interest builds on it every month after. Even a small amount each month can take years off a 30-year loan.
Ready when you are
Start browsing homes, or tell us about the one you are thinking of selling.