loan.tools

Monthly payment

Your numbers

Home price

$

Down payment

= $170,000

Interest rate

%

Loan term

years

Start month

Additional costs

Property tax / year

Insurance / year

$

HOA / month

$

PMI rate / year

%

Extra payment

$/month

Scenarios

Saved from the inputs above. Dash patterns match the chart lines below. Editing any input returns to compare mode.

Scenario	Purchase price	Loan amount	Monthly	Lifetime interest	Payoff

Loan balance · home equity

Remaining loan balance Home equity Interest paid

Where each payment goes

Each tile is a payment, each column a year. The green ring represents when principal passes interest. Drag the payoff tile to pick your payoff date.

Mostly interest 50 / 50 Mostly principal

What ifrate, term & extra-payment scenarios

Change	Monthly payment	Lifetime interest	Total paid	Payoff
Interest rate%
Interest rate%
Down payment%
Loan termyears
Extra / month$
Extra / year$
One-time payment$

Can I afford this?

Your yearly income

before tax

$

Your monthly take home

after tax & savings

$

Rent vs Buy

Your mortgage payments build equity over time, while renting has lower initial costs.
Compare Renting vs Home Ownership.

Your rent / month

$

default: U.S. average asking rent

Rent increases

rent history from FRED

Invest Downpayment

investment gains offset rent

Home appreciation

home price history from FRED

Maintenance

upkeep & maintenance %

Cost of rent Total paid out Home Ownership (net of equity)

Interest rate vs your mortgage

Your loan at every rate from 2% to 10%. P&I only.

Mortgage Interest Rates in HistoryFreddie Mac weekly since 1971

Freddie Mac weekly survey since 1971, monthly averages.

30Y fixed 15Y fixed

Loan Amortization Table

Year	Principal paid	Interest paid	Balance	Equity