Loan Amount
$300K
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Mortgage Calculator 2026 — Monthly Payment, Amortization & Rates
Free US mortgage calculator: enter loan amount, rate & term to get your exact monthly P&I payment, full amortization schedule, and total interest breakdown — no signup required.
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Accurate Estimates
Detailed Amortization
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Loan Summary
Quick summary of key metrics to help you evaluate your loan before diving into details.
Total Interest
≈ $236.81K
Total Paid
≈ $536.81K
Monthly Payment
≈ $2.24K/mo
First Payment
$2.24K
Last Payment
$2.24K
Principal > Interest
months 113
When monthly principal exceeds interest.
DTI Ratio
Use advanced calculator to add monthly income and get a better assessment.
Payment Structure
Principal: 55.9% · Interest: 44.1%
Calculation Assumptions
Fixed-Rate Mortgage (Annuity) · 6.5%/yr · 20 years
Cash Flow Analysis
Loan Balance & Repayment Structure
Monitor the remaining balance, principal, and interest trends by year to visualize how your loan pressure decreases over time.
Amortization Schedule
Quick summary of key metrics to help you evaluate your loan before diving into details.
First Month
$2,236.72
Last Month
$2,236.72
Total Interest
$236,812.66
months 1
Principal
$611.72
Interest
$1,625.00
Monthly Payment
$2,236.72
Balance
$299,388.28
months 2
Principal
$615.03
Interest
$1,621.69
Monthly Payment
$2,236.72
Balance
$298,773.25
months 3
Principal
$618.36
Interest
$1,618.36
Monthly Payment
$2,236.72
Balance
$298,154.88
months 4
Principal
$621.71
Interest
$1,615.01
Monthly Payment
$2,236.72
Balance
$297,533.17
months 5
Principal
$625.08
Interest
$1,611.64
Monthly Payment
$2,236.72
Balance
$296,908.09
months 6
Principal
$628.47
Interest
$1,608.25
Monthly Payment
$2,236.72
Balance
$296,279.62
months 7
Principal
$631.87
Interest
$1,604.85
Monthly Payment
$2,236.72
Balance
$295,647.75
months 8
Principal
$635.29
Interest
$1,601.43
Monthly Payment
$2,236.72
Balance
$295,012.46
months 9
Principal
$638.74
Interest
$1,597.98
Monthly Payment
$2,236.72
Balance
$294,373.72
months 10
Principal
$642.20
Interest
$1,594.52
Monthly Payment
$2,236.72
Balance
$293,731.53
months 11
Principal
$645.67
Interest
$1,591.05
Monthly Payment
$2,236.72
Balance
$293,085.85
months 12
Principal
$649.17
Interest
$1,587.55
Monthly Payment
$2,236.72
Balance
$292,436.68
| months | Principal | Interest | Monthly Payment | Balance |
|---|---|---|---|---|
| months 1 | $611.72 | $1,625.00 | $2,236.72 | $299,388.28 |
| months 2 | $615.03 | $1,621.69 | $2,236.72 | $298,773.25 |
| months 3 | $618.36 | $1,618.36 | $2,236.72 | $298,154.88 |
| months 4 | $621.71 | $1,615.01 | $2,236.72 | $297,533.17 |
| months 5 | $625.08 | $1,611.64 | $2,236.72 | $296,908.09 |
| months 6 | $628.47 | $1,608.25 | $2,236.72 | $296,279.62 |
| months 7 | $631.87 | $1,604.85 | $2,236.72 | $295,647.75 |
| months 8 | $635.29 | $1,601.43 | $2,236.72 | $295,012.46 |
| months 9 | $638.74 | $1,597.98 | $2,236.72 | $294,373.72 |
| months 10 | $642.20 | $1,594.52 | $2,236.72 | $293,731.53 |
| months 11 | $645.67 | $1,591.05 | $2,236.72 | $293,085.85 |
| months 12 | $649.17 | $1,587.55 | $2,236.72 | $292,436.68 |
Download Schedule
Loan Type Comparison
Each loan type has different interest calculations and risk levels. Choose the right one for you.
Fixed-Rate Mortgage
30-Year Standard
6.5% - 7.5% APR
Best for
Primary residence, stability
Notes
Low risk, payment never changes
FHA Loan
Government Backed
6.0% - 7.0% APR
Best for
Low down payment, lower credit
Notes
Requires mortgage insurance (MIP)
Personal Loan
Unsecured
8.0% - 15.0% APR
Best for
Debt consolidation, large expenses
Notes
Higher rates than secured loans
Home Equity (HELOC)
Secured by Home
7.5% - 9.5% APR
Best for
Home renovations, flexible access
Notes
Variable rates, uses home as collateral
| Criteria | Fixed-Rate Mortgage | FHA Loan | Personal Loan | Home Equity (HELOC) |
|---|---|---|---|---|
| Calculation | Fixed Amortization | Fixed Amortization | Fixed Installment | Interest-only available |
| Typical Rates | 6.5% - 7.5% APR | 6.0% - 7.0% APR | 8.0% - 15.0% APR | 7.5% - 9.5% APR |
| Monthly Payment | Stable/Fixed | Stable/Fixed | Fixed | Variable (Interest only) |
| Total Cost | Lowest long-term | Moderate (MIP) | High | Varies with use |
| Loan Tenure | 15 - 30 years | 15 - 30 years | 1 - 7 years | Up to 20 years |
| Suitable For | Stable ownership | First-time buyers | Consolidation | Home improvement |
Go with Fixed-Rate if
You plan to stay in your home for 10+ years and want predictable payments.
Consider FHA if
You have a credit score below 620 or a small down payment savings.
Avoid Credit Lines for
Long-term debt that you cannot pay off quickly, as variable rates can rise.
Interest rates are illustrative. Actual costs depend on bank policies and your credit profile.
Suggested Scenarios
Scenarios
Quick summary of key metrics to help you evaluate your loan before diving into details.
Common Scenario
Loan Amount $50K · 5 years
Interest Rate (%) 6.5/ years
Popular
Average Monthly Payment
≈ $978
Total Interest ~$8.7K · Total Paid ~$58.7K
Suggested Income
$2.27K
First Month
~$978.31
Total Interest
~$8.7K
Int. Ratio
17.4%
View Full Analysis
Common Scenario
Loan Amount $100K · 10 years
Interest Rate (%) 6.5/ years
Popular
Average Monthly Payment
≈ $1.14K
Total Interest ~$36.26K · Total Paid ~$136.26K
Suggested Income
$2.64K
First Month
~$1.14K
Total Interest
~$36.26K
Int. Ratio
36.3%
View Full Analysis
Common Scenario
Loan Amount $250K · 15 years
Interest Rate (%) 6.5/ years
Average Monthly Payment
≈ $2.18K
Total Interest ~$142K · Total Paid ~$392K
Suggested Income
$5.07K
First Month
~$2.18K
Total Interest
~$142K
Int. Ratio
56.8%
View Full Analysis
Common Scenario
Loan Amount $300K · 30 years
Interest Rate (%) 6.5/ years
Average Monthly Payment
≈ $1.9K
Total Interest ~$382.63K · Total Paid ~$682.63K
Suggested Income
$4.41K
First Month
~$1.9K
Total Interest
~$382.63K
Int. Ratio
127.5%
View Full Analysis
Tip: Longer terms reduce monthly payment pressure but increase total interest cost over time.
Market Data
Best Bank Interest Rates
Compare promotional and standard interest rates to evaluate the actual cost of your loan.
Last Updated
| Bank | Promo Rate | Standard Rate | Term | Notes | |
|---|---|---|---|---|---|
| 6.11% | 6.55% | 15 - 30 years | Relationship pricing discounts available for existing banking customers. | Calculate | |
| 6.18% | 6.45% | 10 - 30 years | Specializes in first-time home buyer programs with low down payments. | Calculate | |
| 6.21% | 6.65% | 10 - 30 years | Offers great combination of low rates and digital mortgage experience. | Calculate | |
| 6.23% | 6.50% | 15 - 30 years | Competitive fixed rates for 30-year mortgages. | Calculate | |
| 6.25% | 6.60% | 15 - 30 years | Strong presence in mortgage lending across all states. | Calculate |
Interest rates are for reference only. Actual costs depend on your credit profile and bank policy.
Frequently Asked Questions
Quick answers to common questions about this loan scenario.
In 2026, 30-year fixed mortgage rates are expected to range from 6.0%–6.8% APR as the Federal Reserve continues its rate-cutting cycle. 15-year fixed rates typically run 0.5%–0.75% lower. Rates remain sensitive to inflation data, Treasury yields, and Fed signals — use this calculator to model payments at different rate assumptions.
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