Mortgage Analysis

Plan your monthly payment, compare extra-payment strategies, and choose when your loan ends.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios
  • Chart
  • Printable report
Fixed-rate loan · monthly principal and interest

Required monthly P&I

$2,149.03

Principal and interest only

Planned monthly outflow

$2,149.03

P&I + monthly extra during its window

Your payoff date

Sep 2056

30 yr from first payment

Interest saved

$0.00

Compared with no extra payments

Your mortgage

$
%
Current rates

Rate presets apply a market-rate example. Changing the term keeps your entered rate.

Extra payments

$
$
Timing & additional payments

Blank means the first payment month.

Blank means continue until payoff; an end month is inclusive.

$

Housing costs

Optionally add taxes, insurance, mortgage insurance and HOA to your monthly budget.

Your path to payoff

Compare payment plans

Try a monthly amount. Every alternative keeps your lump sums, annual extras and timing; the no-extras baseline removes them all.

PlanP&I + monthly extraInterestPayoffInterest saved
No extra payments$2,149.03$433,652.21Sep 2056—
Your planSelected$2,149.03$433,652.21Sep 2056$0.00
+$100 / month$2,249.03$371,319.60Feb 2053$62,332.61
+$250 / month$2,399.03$308,205.17Apr 2049$125,447.04
+$500 / month$2,649.03$242,651.68Jan 2045$191,000.53

The monthly column applies during the recurring-extra window. Annual extras, lump sums and housing costs are separate. See the schedule for actual cash outflow each month.

Choose a payoff goal

Find the smallest monthly extra that pays off this loan by your target month, keeping your lump sums, annual extras and recurring-payment window.

Payment snapshot

Totals include this month's payment, from the start of this projection.

Principal paid to date
$307.36
Interest paid to date
$1,841.67
Remaining balance
$339,692.64
Regular P&I this month
$2,149.03
Extra principal this month
$0.00
Total payment this month
$2,149.03

What your plan costs

Total interest
$433,652.21
Total loan repayments
$773,652.21
No-extras payoff
Sep 2056
First month's actual loan payment
$2,149.03

Monthly budgets exclude annual extras and lump sums. Loan repayments include all applied extras and exclude housing costs and fees. The schedule shows each month's actual payment.

Explore the next decision

Compare a refinanceBalance, rate and required P&I carry forward.Recast, prepay or investCompare uses of a windfall. Your main lump-sum amount carries forward as an immediate budget.Explore PITIYour rate, term, insurance and HOA carry forward. Enter the home's price and down payment there.

Review the rate, timing and costs in each tool before comparing results.

How it works›

Monthly payment. A new loan uses the standard fixed-rate amortization formula. An existing loan uses your entered contractual principal-and-interest payment and projects forward from the current balance, without reconstructing past payments. Interest rate is distinct from APR.

Amortization. Monthly interest uses the remaining balance and annual rate divided by 12. Each step rounds to cents. The last new-loan payment adjusts for rounding, and every final payment is capped at the amount owed. The no-extras baseline removes all voluntary principal payments.

Extra payments. Monthly, annual and lump-sum extras reduce principal after regular P&I. They shorten the term without lowering the required payment. Fees, prepayment penalties and tax effects are excluded. Housing costs are a separate, constant budget estimate; they do not reduce principal or automatically stop at payoff.

Reference: CFPB: principal and interest versus the total monthly payment. The projection uses monthly interest, rather than lender-specific daily accrual or payment-posting rules.