Bravera Bank
How It Works
Because mortgage payments divide the cost of the mortgage into monthly chunks for the length of the loan, it can be hard to assess how much you'll end up paying in total for your home, and with interest, the amount you pay can be a lot more than you'd think. This calculator will help you see how much your home will actually cost you.
Enter the price of your home as the Home Price. Move the Down Payment slider to the down payment you paid or will pay for the home. Move the Loan Term slider to the length of your mortgage loan and the Interest Rate slider to the interest rate. If you'd like to adjust the amount you pay for home insurance, property tax, or change the PMI, select Advanced Options.
Mortgage Calculator
Adjust the inputs to see how much your mortgage would cost over time.
Annual Payments
Years
Loan Amount
$200,000
Monthly Payment
$1,043
Interest to be paid
$175,586
Payoff Date
Mar 2055
| Years | Principal | Interest |
|---|---|---|
| 1 | $3,086 | $9,433 |
| 2 | $3,235 | $9,283 |
| 3 | $3,393 | $9,126 |
| 4 | $3,557 | $8,961 |
| 5 | $3,730 | $8,789 |
| 6 | $3,911 | $8,607 |
| 7 | $4,101 | $8,418 |
| 8 | $4,300 | $8,218 |
| 9 | $4,509 | $8,010 |
| 10 | $4,728 | $7,791 |
| 11 | $4,957 | $7,561 |
| 12 | $5,198 | $7,320 |
| 13 | $5,451 | $7,068 |
| 14 | $5,715 | $6,803 |
| 15 | $5,993 | $6,526 |
| 16 | $6,284 | $6,235 |
| 17 | $6,589 | $5,930 |
| 18 | $6,909 | $5,610 |
| 19 | $7,244 | $5,275 |
| 20 | $7,596 | $4,923 |
| 21 | $7,964 | $4,554 |
| 22 | $8,351 | $4,167 |
| 23 | $8,757 | $3,762 |
| 24 | $9,182 | $3,337 |
| 25 | $9,627 | $2,891 |
| 26 | $10,095 | $2,424 |
| 27 | $10,585 | $1,934 |
| 28 | $11,099 | $1,420 |
| 29 | $11,638 | $881 |
| 30 | $12,203 | $316 |
Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.
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Questions? We're here to help!
Contact one of mortgage experts by calling 877-483-6811, contacting us online or scheduling an appointment.