Let's Crunch Some Numbers
Play around with the numbers below to see what your monthly payments might look like. We'll show you exactly where your money goes each month.
Loan Details
Tweak these numbers to match your situation
$300,000
$60,000 (20.0%)
30 years
6.5%
Monthly Payment
$1,517
Principal & Interest
LOAN AMOUNT
$240,000
TOTAL INTEREST
Extra Cost
$306,107
This is paid on top of your $240,000 loan
TOTAL PAYMENT
$546,107
Payment Breakdown & Amortization
Visualize how your mortgage is structured over time
- Principal
- Interest
💡Ways to Reduce Your Interest Cost
Small changes can save you thousands of dollars over the life of your loan
📈Increase Your Down Payment
A larger down payment means borrowing less, which directly reduces the total interest you'll pay.
⏱️Choose a Shorter Loan Term
A 15-year mortgage has higher monthly payments but significantly lower total interest than a 30-year loan.
🎯Make Extra Payments
Additional principal payments reduce your balance faster and can save years of interest.
🔍Shop for Better Rates
Even a 0.5% lower interest rate can save tens of thousands over the life of your mortgage.