Advanced Mortgage Calculator
Calculate, analyze, and compare mortgage options with interactive visualizations
Mortgage Details
USD – US Dollar
Exchange Rate: 1 USD = 1.00 USD (Base Currency)
$
$1,000
$1,000,000
0.1%
20%
1 year
50 years
Advanced Options
$
$
$
Include PMI in calculation
Include taxes & insurance in payment
Monthly Payment
$1,520.06
monthly
Principal & Interest: $1,520.06
Taxes & Insurance: $400.00
Total Cost
$547,221.60
Total Interest: $247,221.60
Interest to Principal Ratio: 82.4%
Loan Payoff
Jun 2053
With Extra Payments: N/A
Years Saved: 0
Payment Breakdown
Amortization Schedule
Loan Comparison
Principal vs. Interest Over Time
Loan Balance Over Time
Monthly Payment Breakdown
Amortization Schedule
| Period | Payment | Principal | Interest | Extra Payment | Balance |
|---|
Compare Loan Options
Amount: $300,000
Rate: 4.5%
Term: 30 years
Comparison Results
| Option A | Option B | Difference | |
|---|---|---|---|
| Monthly Payment | $1,520.06 | $1,266.71 | -$253.35 |
| Total Interest | $247,221.60 | $206,018.00 | -$41,203.60 |
| Total Cost | $547,221.60 | $456,018.00 | -$91,203.60 |
Financial Insights
Affordability Analysis
$
$
Front-End DTI: 18.2% (Good)
Back-End DTI: 24.2% (Good)
Recommended max payment: $2,500
Payment Strategies
Early Payoff Impact:
An extra $100/month would save 4.3 years and $45,520 in interest.
Payment Optimization:
Switching to bi-weekly payments could save approximately 4 years and $30,050 in interest.