TryClearTally
Printed July 3, 2026 · https://trycleartally.com/mortgage-calculator
Estimates for educational purposes only — not financial advice. See https://trycleartally.com/disclaimer.
Mortgage Calculator
Estimate your monthly mortgage payment, including taxes, insurance, and HOA dues, plus your full amortization schedule.
Reviewed by the TryClearTally editorial team · Last updated June 28, 2026 · Methodology & sources
Today's Rates
Sources: Federal Reserve Economic Data (FRED), Finnhub. For reference only — not a rate quote or investment advice.
Prefilled with today's average 30-yr rate (FRED). Edit freely.
Total monthly payment
$2,507.91
Principal, interest, tax, insurance & HOA
Principal & interest
$2,007.91
Loan amount
$320,000
Total interest paid
$402,847
Total of all payments
$722,847
Payoff term
30 yrs
Balance over time
Principal vs. interest
Amortization schedule
Mortgage Payment Worksheet
Total monthly payment (PITI + HOA)
$2,507.91
Yearly amortization summary
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $3,624 | $20,470 | $316,376 |
| 2 | $3,865 | $20,230 | $312,511 |
| 3 | $4,120 | $19,974 | $308,391 |
| 4 | $4,393 | $19,702 | $303,997 |
| 5 | $4,684 | $19,411 | $299,313 |
| 6 | $4,995 | $19,100 | $294,318 |
| 7 | $5,325 | $18,770 | $288,993 |
| 8 | $5,678 | $18,417 | $283,315 |
| 9 | $6,054 | $18,041 | $277,261 |
| 10 | $6,455 | $17,640 | $270,806 |
| 11 | $6,883 | $17,212 | $263,923 |
| 12 | $7,338 | $16,756 | $256,585 |
| 13 | $7,824 | $16,270 | $248,760 |
| 14 | $8,343 | $15,752 | $240,417 |
| 15 | $8,895 | $15,200 | $231,522 |
| 16 | $9,484 | $14,611 | $222,038 |
| 17 | $10,112 | $13,982 | $211,926 |
| 18 | $10,782 | $13,313 | $201,143 |
| 19 | $11,496 | $12,599 | $189,647 |
| 20 | $12,258 | $11,837 | $177,389 |
| 21 | $13,069 | $11,025 | $164,320 |
| 22 | $13,935 | $10,160 | $150,385 |
| 23 | $14,858 | $9,237 | $135,527 |
| 24 | $15,842 | $8,253 | $119,685 |
| 25 | $16,891 | $7,204 | $102,794 |
| 26 | $18,010 | $6,085 | $84,784 |
| 27 | $19,203 | $4,892 | $65,581 |
| 28 | $20,474 | $3,620 | $45,107 |
| 29 | $21,830 | $2,264 | $23,276 |
| 30 | $23,276 | $819 | $0 |
Calculated using the standard formulas described at https://trycleartally.com/methodology — for educational estimates only, not a quote or financial advice. Verify with your lender or financial institution before making decisions.
How it works
Your principal & interest payment is calculated with the standard amortization formula: M = P × [r(1+r)n] / [(1+r)n − 1], where P is your loan amount, r is your monthly interest rate, and n is the number of monthly payments.
Example:a $320,000 loan at 6.5% for 30 years has a monthly principal & interest payment of about $2,022. Add estimated property tax, homeowners insurance, and any HOA dues to get your total monthly housing payment.
FAQ
Principal and interest on the loan, plus (if you choose to include them) 1/12 of your annual property tax bill, 1/12 of your annual homeowners insurance premium, and any monthly HOA dues. Lenders often bundle tax and insurance into an escrow account.