Mortgage Calculator | Premium PITI & Payoff Scheduler
Plan your home purchase • Extra Payment Visualizer • Full PITI Breakdown
Extra Payments & Accelaration
Principal vs. Interest Over Time
Amortization Schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | $25,547.62 | $3,250.59 | $22,297.02 | $316,749.41 |
| Year 2 | $25,547.62 | $3,485.58 | $22,062.04 | $313,263.83 |
| Year 3 | $25,547.62 | $3,737.55 | $21,810.07 | $309,526.28 |
| Year 4 | $25,547.62 | $4,007.74 | $21,539.88 | $305,518.54 |
| Year 5 | $25,547.62 | $4,297.46 | $21,250.16 | $301,221.09 |
| Year 6 | $25,547.62 | $4,608.12 | $20,939.50 | $296,612.97 |
| Year 7 | $25,547.62 | $4,941.24 | $20,606.37 | $291,671.73 |
| Year 8 | $25,547.62 | $5,298.44 | $20,249.17 | $286,373.28 |
| Year 9 | $25,547.62 | $5,681.47 | $19,866.15 | $280,691.81 |
| Year 10 | $25,547.62 | $6,092.18 | $19,455.43 | $274,599.63 |
| Year 11 | $25,547.62 | $6,532.59 | $19,015.03 | $268,067.04 |
| Year 12 | $25,547.62 | $7,004.83 | $18,542.79 | $261,062.21 |
| Year 13 | $25,547.62 | $7,511.21 | $18,036.41 | $253,551.00 |
| Year 14 | $25,547.62 | $8,054.20 | $17,493.42 | $245,496.81 |
| Year 15 | $25,547.62 | $8,636.43 | $16,911.18 | $236,860.37 |
| Year 16 | $25,547.62 | $9,260.76 | $16,286.85 | $227,599.61 |
| Year 17 | $25,547.62 | $9,930.22 | $15,617.39 | $217,669.39 |
| Year 18 | $25,547.62 | $10,648.08 | $14,899.54 | $207,021.31 |
| Year 19 | $25,547.62 | $11,417.83 | $14,129.79 | $195,603.48 |
| Year 20 | $25,547.62 | $12,243.23 | $13,304.39 | $183,360.25 |
| Year 21 | $25,547.62 | $13,128.29 | $12,419.33 | $170,231.96 |
| Year 22 | $25,547.62 | $14,077.34 | $11,470.28 | $156,154.63 |
| Year 23 | $25,547.62 | $15,094.99 | $10,452.63 | $141,059.64 |
| Year 24 | $25,547.62 | $16,186.20 | $9,361.41 | $124,873.43 |
| Year 25 | $25,547.62 | $17,356.31 | $8,191.31 | $107,517.13 |
| Year 26 | $25,547.62 | $18,611.00 | $6,936.62 | $88,906.13 |
| Year 27 | $25,547.62 | $19,956.39 | $5,591.23 | $68,949.75 |
| Year 28 | $25,547.62 | $21,399.03 | $4,148.58 | $47,550.71 |
| Year 29 | $25,547.62 | $22,945.97 | $2,601.64 | $24,604.74 |
| Year 30 | $25,547.62 | $24,604.74 | $942.88 | $0.00 |
Our **Premium Mortgage & PITI Studio** is a professional-grade home financing tool designed for prospective and current homeowners. Beyond a simple principal and interest calculation, we provide a complete breakdown of Property Taxes, Homeowners Insurance, PMI, and HOA fees (PITI). Visualize your long-term savings with our animated extra payment calculator and track every cent with an interactive amortization schedule.
How to Use
- Enter the Home Price or Loan Amount you wish to finance.
- Input your Down Payment (as a dollar amount or percentage).
- Select your Loan Term (common presets like 15 or 30 years available).
- Adjust the Interest Rate to match your current mortgage offer.
- Configure the Optional PITI module for Property Tax, Insurance, and HOA fees.
- Use the Extra Payments tab to see how monthly or lump-sum payments accelerate your payoff date.
- Download your customized Amortization Schedule as a CSV or PDF for your records.
Features
- Full PITI Breakdown: Monthly Principal, Interest, Taxes, Insurance, and HOA fees.
- Extra Payment Visualizer: Real-time calculation of interest and months saved.
- Interactive Amortization: Year-by-year and month-by-month payment schedule.
- NLP Power Search: Natural language input for lightning-fast calculations (e.g., "30 year mortgage on 500k at 6.5%").
- Bi-Weekly Toggle: Compare standard monthly payments vs. bi-weekly schedules.
- Dynamic Charts: Visual representation of Principal vs. Interest over the life of the loan.
- CSV & PDF Export: Professional reports for your financial records.
- Canonical & SEO Optimized: Accurate meta tags and sharing features.
Common Use Cases
- Home Buying: Estimating total monthly obligations including taxes and insurance.
- Refinancing: Comparing current mortgage terms with potential new rates and savings.
- Extra Payment Planning: Calculating the impact of adding $100-$500 extra per month.
- Budgeting: Understanding the exact breakdown of home-related monthly costs.
- Financial Literacy: Visualizing how interest accumulates in the early years of a mortgage.
Tips & Best Practices
A 20% down payment typically eliminates the need for Private Mortgage Insurance (PMI).
Making even one extra monthly payment per year can shave years off a 30-year mortgage.
Remember that property taxes and insurance can increase over time, affecting your PITI.
Use the "Bi-Weekly" mode to see how making 26 half-payments equals 13 full payments per year.
Check the "Interest Saved" badge to stay motivated about making extra principal payments.