Wondering what a mortgage looks like broken down into monthly payments? Or how decreasing your down payment will impact what you pay over time? Use our calculators to run the numbers for yourself.
These calculations are tools for learning more about the mortgage process and are for educational/estimation purposes only. Calculator results are rounded down to the nearest dollar. Payment shown includes taxes and insurance (if entered into scenario) and mortgage insurance (if applicable). This does not constitute an offer or approval of credit. Contact a PrimeLending home loan officer for actual estimates.
*For example, a Conventional fixed rate loan with a loan term of 360 months, loan amount of $400,000, down payment of 20%, and a 7.25% interest rate at cost of .297 points ($1,188) paid at closing by borrower will result in an annual percentage rate of 7.347% and a monthly payment of $2,728.71. Loan scenario assumes a credit score of 740+. Rates pulled 5/23/25, rates subject to change. Loans are subject to borrower qualifications, including income, property evaluation, and final credit approval. Payment shown is principal and interest only, and does not include amounts for taxes and insurance premiums (if applicable). The actual payment obligation will be greater.
| Remaining Balance | $196,478 |
|---|---|
| Principal Paid | $3,522 |
| Interest Paid | $7,936 |
| Year | Beginning Balance | Principal | Interest | Payment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | $200,000 | $3,522 | $7,936 | $11,458 | $196,478 |
| 2 | 196,478 | 3,666 | 7,792 | 11,458 | 192,812 |
| 3 | 192,812 | 3,815 | 7,643 | 11,458 | 188,997 |
| 4 | 188,997 | 3,970 | 7,488 | 11,458 | 185,027 |
| 5 | 185,027 | 4,132 | 7,326 | 11,458 | 180,895 |
| 6 | 180,895 | 4,300 | 7,158 | 11,458 | 176,595 |
| 7 | 176,595 | 4,476 | 6,982 | 11,458 | 172,119 |
| 8 | 172,119 | 4,658 | 6,800 | 11,458 | 167,461 |
| 9 | 167,461 | 4,848 | 6,610 | 11,458 | 162,613 |
| 10 | 162,613 | 5,045 | 6,413 | 11,458 | 157,568 |
| 11 | 157,568 | 5,251 | 6,207 | 11,458 | 152,317 |
| 12 | 152,317 | 5,465 | 5,993 | 11,458 | 146,852 |
| 13 | 146,852 | 5,687 | 5,771 | 11,458 | 141,165 |
| 14 | 141,165 | 5,919 | 5,539 | 11,458 | 135,246 |
| 15 | 135,246 | 6,160 | 5,298 | 11,458 | 129,086 |
| 16 | 129,086 | 6,411 | 5,047 | 11,458 | 122,674 |
| 17 | 122,674 | 6,672 | 4,786 | 11,458 | 116,002 |
| 18 | 116,002 | 6,944 | 4,514 | 11,458 | 109,058 |
| 19 | 109,058 | 7,227 | 4,231 | 11,458 | 101,830 |
| 20 | 101,830 | 7,522 | 3,936 | 11,458 | 94,309 |
| 21 | 94,309 | 7,828 | 3,630 | 11,458 | 86,481 |
| 22 | 86,481 | 8,147 | 3,311 | 11,458 | 78,334 |
| 23 | 78,334 | 8,479 | 2,979 | 11,458 | 69,855 |
| 24 | 69,855 | 8,824 | 2,634 | 11,458 | 61,030 |
| 25 | 61,030 | 9,184 | 2,274 | 11,458 | 51,846 |
| 26 | 51,846 | 9,558 | 1,900 | 11,458 | 42,288 |
| 27 | 42,288 | 9,947 | 1,510 | 11,458 | 32,341 |
| 28 | 32,341 | 10,353 | 1,105 | 11,458 | 21,988 |
| 29 | 21,988 | 10,775 | 683 | 11,458 | 11,214 |
| 30 | 11,214 | 11,214 | 244 | 11,458 | 0 |
Total Principal: $200,000
Based on the numbers you provided, here is your mortgage estimate. Want to see other options? Just enter new numbers to calculate and compare.
