Synced with the percent field.
Added to the year term. Leave 0 for a whole number of years.
Labels the schedule and payoff month. This is not a closing-date model.
Loan amount $320,000.00 · 20.00% down
Down payment is under 20% of the home price. Conventional loans often charge PMI until equity reaches about 20%. Enter an annual premium if you have a quote — this page does not invent one.
Taxes, insurance, PMI, and HOA
These sit on top of principal and interest. Tax and insurance are yearly amounts split across payments. PMI in this estimate stops once the remaining balance is 80% of the original home price.
Yearly amount; the monthly total uses one-twelfth.
Typical conventional PMI is often 0.3%–1.9% of the loan per year when the down payment is under 20%. This estimate drops PMI once the balance reaches 80% of the original home price.
Extra payments
Extra principal shortens the term and cuts interest. It does not change the contractual installment unless you recast with the lender.
Applied every monthly payment. On a biweekly schedule, half of this amount is added to each biweekly payment so the yearly extra stays the same.
Added on the last payment of each 12-month or 26-payment year.
Starting monthly total
Biweekly principal and interest · monthly P&I equivalent
- Principal & interest
- Taxes, insurance, PMI, HOA
- Loan amount
- Total interest
- P&I paid over the loan
- Payoff
- payments
Monthly mix (first payment)
- P&I
- Property tax
- Insurance
- PMI
- HOA
Extra principal in this run: . That is why payoff is earlier than the contractual term.
Amortization schedule
| # | Date | Payment | Principal | Extra | Interest | Balance |
|---|---|---|---|---|---|---|