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What will this mortgage actually cost?
Get your true monthly payment — P&I, taxes, insurance, PMI, and HOA included. No surprises.
Total monthly payment
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Enter your home details below
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P & I
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Tax
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Ins + PMI
Loan type
Home & down payment
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📌 With less than 20% down, PMI applies (~0.5–1.5%/yr of loan). We've estimated it below.
Loan details
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Taxes & insurance — edit to match your area
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Advanced features
4 tools
Choose which advanced tools to activate:
🏠
True cost of ownership
Maintenance, utilities, capex — beyond PITI
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Extra payment impact
See interest saved & years cut
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Rate scenario planner
Plan a refinance with break-even analysis
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DTI calculator
Check if you qualify by lender standards
True cost of ownership
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True monthly total—
Extra payment impact
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Interest saved
Over life of loan
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Loan paid off
Earlier than scheduled
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New payoff date
vs original
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Enter an extra monthly amount above to see the impact.
Rate scenario planner
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Break-even assumes ~$3,000 in refinancing costs. Adjust based on your lender quote.
Debt-to-income calculator
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Front-end DTI (housing only)—
Back-end DTI (total debts)—
Enter your gross monthly income to check eligibility.
Amortization schedule
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Loan amount
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Total interest
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Total paid
ℹEnter a home price and rate above to see your schedule.
Year
Principal
Interest
Balance
🔒 Everything stays in your browser. No data is sent to any server. Your financial inputs are never stored or tracked.
What-if explorer
Compare two scenarios side by side. Uses home price and taxes from your main calculation.
Scenario controls
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Comparison
💡Uses the home price and insurance/tax values from your Calculate tab. Update those first.
Share & save
Share your scenario or save it as a template — no account needed.
Shareable link
Your setup is encoded directly in the URL — no server, no account.
Tap "Generate" to create your link
Scenario summary
Calculate a mortgage first to see your summary.
Save template
Save your current inputs as a named preset to quickly reload later.
Saved templates
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No saved templates yet.
Your data stays private. Everything lives in your browser's local storage. Nothing is ever sent to any server. Clearing your browser data will remove your saved info.
A mortgage is the largest financial “build” you will ever undertake. While most people focus on the monthly payment, the real metric to watch is the Total Interest Paid over the life of the loan. On a 30-year fixed mortgage, it is common to pay back nearly double what you originally borrowed. This tool deconstructs that “invisible” cost, allowing you to see exactly how your amortization schedule evolves over time.
The “Principal Injection” Hack: Refactoring Your Debt
The most effective way to “break” a mortgage is through early principal payments. Even one extra payment per year can shave 5 to 7 years off a 30-year loan. Think of this as “refactoring” your debt—by reducing the principal balance early, you decrease the surface area that interest can attach to for the remaining decades.
Market Update
2026 Market Pulse: The “New Normal” in Housing
Following the volatility of the mid-20s, the 2026 housing market has settled into a “High-Floor” environment. Average 30-year fixed rates are fluctuating between 6.2% and 6.8%. With inventory still tight in major hubs, the “Safe to Spend” threshold for housing is being pushed. We suggest keeping your total “PITI” (Principal, Interest, Taxes, Insurance) below 28% of your gross income to maintain a healthy financial buffer.
About TheMoneySheet
TheMoneySheet is a free suite of personal finance calculators. No ads that follow you, no email required, no paywalls. Just honest tools that run entirely in your browser.
The Mortgage Calculator
This calculator computes your true monthly payment — principal & interest, property tax, homeowner's insurance, PMI/MIP, and HOA. It supports conventional, FHA, VA, and USDA loan types.
PMI rules used
Conventional: ~0.9%/yr when LTV > 80%
FHA: ~0.85%/yr MIP (for most loan amounts)
VA & USDA: no monthly PMI
All calculations happen locally. Nothing is sent to any server.
Privacy Policy
Last updated: April 2026
TheMoneySheet calculators run entirely in your browser. We do not collect, transmit, or store any of the numbers you enter.
sessionStorage
To restore your inputs during your browser session, this calculator saves your entries to your browser's sessionStorage under the key mtg_v1. This data is automatically cleared when you close the tab and never leaves your device.
URL sharing
When you use the Share feature, your inputs are base64-encoded directly in the URL. No server receives or stores this data.
Terms of Use
TheMoneySheet calculators are provided for informational and educational purposes only. They are not financial, tax, or mortgage advice.
No warranty
Calculations are provided "as is." Always consult a licensed mortgage professional before making homebuying decisions.
Accuracy
Results are estimates based on your inputs and simplified assumptions. Actual payments may vary based on lender requirements, escrow adjustments, and other factors.
Affiliate Disclosure
TheMoneySheet may contain links to third-party financial products. Some are affiliate links — if you click and make a purchase, we may earn a commission at no extra cost to you.
Affiliate relationships do not influence our calculator results or content.
