Calculator

Mortgage Repayment Calculator

Principal & interest plus tax, insurance, and HOA rolled into one full monthly payment.

Mortgage Repayment Worksheet

$
%
%
yrs
$/yr
$/yr
$/mo

Loan amount

$520,000.00

Principal & interest

$3,181.47/mo

Council rates

$200.00/mo

Insurance

$133.33/mo

Total monthly payment

$3,514.80/mo

The formula

P&I

Standard amortization formula

Total payment

P&I + tax/mo + insurance/mo + HOA

Principal & interest is only part of a real mortgage payment — tax and insurance are usually escrowed into the same monthly bill, and this worksheet includes them so the number is comparable to what a lender actually quotes.

A lower interest rate has a smaller effect on the total payment than most buyers expect once tax, insurance, and HOA are factored in — run a few rate scenarios to see the real spread.