Honest math.
No email gate.
Price, down, rate, taxes, insurance, HOA, PMI — the numbers that actually show up in your monthly payment. Nothing routed to a lender, nothing sold downstream.
| Year | Beginning Balance | Principal | Interest | Ending Balance |
|---|
How much house?
Working backward from income.
A common guideline: housing costs at or under 28% of gross monthly income, total debt at or under 36%.
What this calculator does — and doesn't.
Principal & Interest is computed with a standard fixed-rate amortization formula. Taxes and insurance are divided into monthly amounts. PMI is included when the down payment is under 20%; the rate defaults to 0.6%/yr of the loan amount and you can edit it.
This calculator does not include closing costs, escrow shortages, mortgage insurance for FHA/VA loans, or rate-buydown scenarios. The amortization assumes a fixed rate for the full term. Real rates and structures vary by lender.
For an exact monthly figure on a specific home, talk to a lender (I can recommend a few I trust) — or just send me the address and I'll run the numbers with you.
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