Mortgage Calculator
Payment Breakdown
A breakdown of your total payment so you can see where money is allocated.
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
- Extra Payment
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly PMI:
- Monthly HOA Fees:
- Total # Of Payments:
- Down Payment:
- Principal:
- Total Extra Payment:
- Total Interest Paid:
- Total Tax, Insurance, PMI and Fees:
- Total of all Payments:
Early Payoff Strategy
Add an extra payment and see how many months you can eliminate on the back end of the loan.
Lump Sum Payment
Shorten your loan term by paying a lump sum all to principal.
Savings
A breakdown of your total payment so you can see where money is allocated.
Cash Savings
Add an extra payment and see how many months you can eliminate on the back end of the loan.
| Origin Loan | New Loan | +/- | |
|---|---|---|---|
| Closing Cost | |||
| Principal | $446.61 | $396.84 | $778.35 |
| Interest | $450.54 | $490.51 | $630.44 |
| Cash savings | $219.78 | $710.68 | $782.01 |
Difference in Equity
Shorten your loan term by paying a lump sum all to principal.
| Original Principal Remaining | |
| New Principal Remaining | $446.61 |
| Difference in Equity | $450.54 |
Payment Breakdown
A breakdown of your total payment so you can see where money is allocated.
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
- Extra Payment
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly PMI:
- Monthly HOA Fees:
- Total # Of Payments:
- Down Payment:
- Principal:
- Total Extra Payment:
- Total Interest Paid:
- Total Tax, Insurance, PMI and Fees:
- Total of all Payments:
Early Payoff Strategy
Add an extra payment and see how many months you can eliminate on the back end of the loan.
Lump Sum Payment
Shorten your loan term by paying a lump sum all to principal.
At Troy City Mortgage, we believe that buying a home should be a simple process. We want you to have as much information upfront as possible, so you can get the keys in your hand.
To help our clients better plan to purchase a home, we’ve included this helpful mortgage calculator. You can use it to discover how much you should borrow and for how long. For example, want to know how much home you can afford at a specific monthly rate? Enter different amounts to find a payment size that can work for you.
These monthly payments are based on the principal (the amount you borrow), property taxes, interest rates, and homeowner’s insurance. Want to drill down even further? Contact us & we’ll look over your situation to develop a plan for you.
Disclaimer:
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Troy City Mortgage LLC does not guarantee the accuracy of any information or inputs by users of the software.
This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Troy City Mortgage LLC does not guarantee any of the information obtained by this calculator.
Still have questions?
Even with the best calculator, we get that mortgages can get confusing. No problem. We love explaining your mortgage options. It’s our thing! Get in touch with us today for a personalized quote.
