Mortgage Payment Calculator
Estimate your monthly payment and see exactly where your money goes.
Estimated Monthly Payment
$2,636
Total Interest
$431,018
Total Cost
$831,018
Payoff Date
Jul 2056
How to use the mortgage calculator
Enter your home price, down payment, interest rate, and loan term to get an instant estimate of your monthly principal and interest payment. Add property taxes, homeowner's insurance, and PMI to see your full monthly housing cost.
What affects your mortgage payment?
The four variables that drive your payment are loan amount, interest rate, loan term, and loan type. A 1% difference in rate on a $400,000 mortgage translates to roughly $220/month — over $79,000 in extra interest over 30 years. Comparing rates from at least three lenders is one of the highest-return actions a homebuyer can take.
What is PMI and when does it go away?
Private mortgage insurance protects the lender if you default. Required on conventional loans with less than 20% down, it costs 0.5–1.5% of the loan per year. Once your balance falls below 80% of the original value you can request cancellation; it automatically terminates at 78% under the Homeowners Protection Act.
Refinance Calculator
See whether refinancing actually saves you money — and when you break even.
Refinancing saves you $145,653 over the life of the loan
New Monthly Payment
$1,679
Monthly Savings
$421
Break-Even Point
15 mo
Lifetime Savings
$145,653
Break-even is how many months of payment savings it takes to recover your $6,000 in closing costs. Refinancing tends to pay off if you stay in the home past that point.
When does refinancing make financial sense?
Refinancing replaces your existing mortgage with a new one to lower your rate, reduce payments, shorten the term, or switch from adjustable to fixed. The break-even point — where cumulative savings exceed closing costs — is the key number. If you plan to move before break-even, refinancing usually isn't worth it. Closing costs typically run 2–5% of the loan amount.
Home Affordability Calculator
Find out how much house you can comfortably afford using the 28/36 rule.
Maximum Home Price
$489,497
A conservative target that keeps your budget comfortable.
Payment at Max
$2,800/mo
Payment at Recommended
$2,162/mo
How much house can you actually afford?
Lenders use two debt-to-income ratios. The "front-end" ratio compares monthly housing costs to gross income — most prefer below 28%. The "back-end" ratio includes all monthly debts and should stay below 43%. Being approved for $600,000 doesn't mean $600,000 is comfortable — budget 1–2% of home value annually for maintenance.
Amortization Schedule
See how every payment splits between principal and interest over the life of your loan.
Auto-filled from the mortgage calculator above. Edit any field to override.
Year-by-year breakdown
Understanding your amortization schedule
An amortization schedule shows exactly how each payment splits between principal and interest. On a 30-year $400,000 loan at 7%, your first payment is roughly 84% interest. By year 20, that ratio flips. Even small extra payments early in a mortgage have a disproportionately large impact on total interest paid.
Loan Comparison Tool
Compare two loan scenarios side by side and find the better deal.
Loan A
Loan B
Better dealLoan B saves you $240,581 over Loan A in total cost.
How to compare mortgage loan offers
The APR includes origination fees and points, giving a more accurate cost comparison than the stated rate alone. Our comparison tool shows the true total cost — including all interest over the life of each loan — rather than just the monthly payment.
HELOC Calculator
See how large a home equity line of credit you can open — and how your payment changes when the draw period ends.
Most lenders allow borrowing up to 80–85% of your home's value minus what you owe.
Maximum HELOC Line
$145,000
Available equity: $145,000
Draw Period Payment
$1,027.08/mo
Interest only
Repayment Payment
$1,258.34/mo
Principal + interest
Your payment jumps from $1,027.08/mo to $1,258.34/mo when the draw period ends — an increase of $231.26/mo.
Borrowing $145,000. HELOCs use a variable rate, so your real payment can change over time.
Rate sensitivity
HELOCs are variable-rate. Here is how your payment moves if rates rise.
| Interest Rate | Draw Payment | Repayment Payment |
|---|---|---|
| 8.50%current | $1,027.08/mo | $1,258.34/mo |
| 9.50%+1% | $1,147.92/mo | $1,351.59/mo |
| 10.50%+2% | $1,268.75/mo | $1,447.65/mo |
| 11.50%+3% | $1,389.58/mo | $1,546.32/mo |
What is a HELOC and how does it work?
A HELOC is a revolving credit line secured by your home's equity. During the draw period (5–10 years) you can borrow, repay, and borrow again. Most HELOCs have variable rates tied to the prime rate. After the draw period, the repayment period begins — your payment switches from interest-only to full principal-and-interest.
Home Equity Loan Calculator
A fixed-rate lump sum borrowed against your equity, with predictable monthly payments.
Monthly Payment
$472
Borrowing $50,000 · Available equity: $145,000
Total Interest
$34,973
Total Cost
$84,973
Home equity loan vs. HELOC: key differences
A home equity loan delivers a fixed lump sum at a fixed rate, repaid in equal monthly installments. A HELOC is flexible and variable. If you know exactly how much you need and want rate certainty, a home equity loan is usually the better fit.
HELOC vs Home Equity Loan
Both options compared on the same $50,000 borrowed against your equity.
| HELOC | Home Equity Loan | |
|---|---|---|
| Rate type | Variable | Fixed |
| Payment (draw period) | $354.17/mo (interest only) | $472.07/mo (P+I) |
| Payment (repayment) | $433.91/mo | $472.07/mo |
| Total interest | $96,639* | $34,973 |
| Flexibility | Borrow as needed | Lump sum only |
| Payment predictability | Changes with rates | Locked in |
| Best for | Ongoing projects, uncertain costs | One-time expense, fixed budget |
*Estimated at the current rate — actual HELOC interest depends on how rates change over time.
A home equity loan may be better — borrowing the same $50,000, your payments are locked in and you'd pay about $61,666 less in estimated total interest, with no rate surprises.
Personal Loan Calculator
Estimate your monthly payment, total interest, and what you'll actually receive after fees.
Monthly Payment
$494.64
Total Interest
$2,807
Total Cost
$17,807
How personal loan interest is calculated
Personal loans use simple amortizing interest. A $15,000 loan at 12% costs $2,807 in interest over 3 years — the same loan over 5 years costs $4,799. Many lenders also charge origination fees of 1–8% deducted from the disbursement.
Personal Loan Comparison
Enter up to three loan offers side by side to find the best deal.
Offer A
Offer B
Offer C
Lender ABest Deal | Lender B | Lender C | |
|---|---|---|---|
| Monthly Payment | $494.64/mo | $490.37/mo | $315.03/mo |
| Actual Proceeds | $15,000 | $14,700 | $14,400 |
| Total Interest | $2,807 | $2,653 | $3,902 |
| Total Cost | $17,807 | $17,953 | $19,502 |
| Savings vs others | — | Lender A saves $146 | Lender A saves $1,695 |
Tax Refund Estimator
Estimate your federal tax refund or amount owed based on income, deductions, and withholding.
Filing Information
Income
Deductions
Credits
Tax Already Paid
Estimated Federal Refund
$386
Effective Rate
10.8%
Marginal Rate
22%
You're in the 22% bracket, but your effective rate is 10.8% — that's how progressive brackets work.
Tax Bracket Breakdown
Summary
This calculator provides federal tax estimates only. State taxes, the Alternative Minimum Tax (AMT), phase-outs, and complex tax situations are not included. For accurate tax advice, consult a qualified tax professional or use official IRS tools.
How federal income tax brackets work
The U.S. tax system is progressive — only the dollars above each threshold are taxed at the higher rate. For 2025, a single filer earning $80,000 has an effective rate around 16% even though their marginal rate is 22%. The standard deduction is $15,000 for single filers and $30,000 for married filing jointly.
Paycheck Calculator
See your take-home pay per paycheck after federal tax, state tax, FICA, and pre-tax deductions.
26 paychecks/year · Annual gross: $91,000
401k, HSA, health ins
Additional federal amount
Take-Home Pay
$2,459.29
per bi-weekly paycheck
Annual Summary
State tax rates are approximate flat effective rates for illustration. Local income taxes, additional Medicare surtax on high earners, and deduction-based withholding adjustments are not modeled. For precise payroll calculations, consult your HR department or a payroll professional.
How your take-home pay is calculated
Federal income tax withholding, Social Security (6.2% up to $176,100), and Medicare (1.45%) are deducted from every paycheck. A $500/month 401(k) contribution in the 22% bracket with 5% state tax only costs ~$365 in actual take-home pay — the rest is tax savings.
Future Value
$227,798
Contributions
$22,000
Interest Earned
$205,798
- Contributions
- Interest
The power of compound interest
Compound interest means you earn interest on your interest. A $10,000 investment at 7% compounded monthly grows to $20,097 in 10 years — without adding a single dollar. Add $100/month and it becomes $27,745. The key driver is time: starting 10 years earlier often matters more than doubling your contributions.
Final Balance
$95,770
Deposited
$53,000
Interest Earned
$42,770
- Contributions
- Interest
Monthly Payment
$586.98
for 60 months (5.0 years)
Loan Amount
$30,000
Total Interest
$5,219
Total Cost
$35,219
How to get the best auto loan rate
Auto loan rates vary widely by credit score, loan term, and whether you finance through a dealer or a bank/credit union. Credit unions typically offer rates 1–2% below dealer financing. A longer term (72 or 84 months) lowers your monthly payment but significantly increases total interest — and on a depreciating asset, you risk being "underwater" for years.
Payoff Time
4 yr 2 mo
(50 payments)
Total Interest
$2,357
Total Paid
$7,357
Typical minimum payment (2%): $100.00 — paying only the minimum would take decades.
Why minimum payments are a debt trap
Credit card minimum payments are deliberately designed to keep you in debt longer. A $5,000 balance at 20% APR paying only the minimum takes over 20 years to pay off and costs nearly $7,000 in interest. Paying just $50 extra per month cuts payoff time to under 4 years and saves over $5,000.
Find the amount you need invested now to never contribute again and still retire comfortably
Coast FIRE Number
$160,852
You need $80,852 more to coast to retirement in 33 years.
FIRE Number
$1,500,000
Projected at Retirement
$746,027
Years to Grow
33 yrs
What is Coast FIRE?
Coast FIRE is the point where your invested assets will grow to your retirement target on their own — no more contributions needed. Once you hit your Coast FIRE number, you only need to cover living expenses, freeing you to pursue lower-paying but more fulfilling work.
Pay minimum on all debts, throw extra at the smallest balance first
Debt-Free In
5y 5m
Total Interest Paid
$6,449
Payoff order (smallest balance first)
- 1Credit Card A
- 2Personal Loan
- 3Car Loan
How the debt snowball method works
Pay minimums on all debts, then throw every extra dollar at the smallest balance first. When that's eliminated, roll its minimum into the next debt — building momentum. While not mathematically optimal (the avalanche method saves more interest), the snowball's quick psychological wins lead to better real-world completion rates.
Save intentionally for a specific future expense — car, vacation, home repair, holiday
Monthly Savings Needed
$208.33/mo
Remaining to Save
$2,500.00
50% needs, 30% wants, 20% savings and debt repayment
Needs (50%)
Rent, groceries, utilities, insurance, minimum debt payments
$2,750
per month
Wants (30%)
Dining, entertainment, subscriptions, hobbies, travel
$1,650
per month
Savings & Debt Payoff (20%)
Emergency fund, investments, extra debt payments
$1,100
per month
How the 50/30/20 rule works
Split after-tax income into three buckets: 50% for needs (rent, utilities, groceries, minimum debt payments), 30% for wants (dining, entertainment, subscriptions), and 20% for savings and extra debt payoff. It's a high-level framework — a powerful starting point for people who've never tracked spending.
Your BMI
25.8
Overweight
Underweight
< 18.5
Normal weight
18.5 – 24.9
Overweight
25 – 29.9
Obese
≥ 30
What BMI tells you — and what it doesn't
Body Mass Index (BMI) is a simple ratio of weight to height squared. It correlates with body fat at the population level but overestimates adiposity in muscular individuals and underestimates it in older adults who have lost muscle. Use BMI as a screening tool, not a diagnosis.
BMR (base)
1,783 cal
TDEE (maintenance)
2,763 cal/day
BMR vs. TDEE: what's the difference?
Your Basal Metabolic Rate (BMR) is the number of calories your body burns at complete rest. Your Total Daily Energy Expenditure (TDEE) is BMR multiplied by your activity level. To lose weight, consume fewer calories than your TDEE. One pound of body fat equals roughly 3,500 calories, so a 500-calorie daily deficit produces about 1 pound of loss per week.
Lose fat and build muscle simultaneously — calorie and protein targets for body recomp
Recomp Calorie Target
2698 cal/day
100 cal below TDEE (2798)
Daily Protein Target
144g
1g per lb of lean mass
Current Lean Mass
144.3 lbs
Goal Weight
169.8 lbs
Est. Timeline
31 wks
Daily protein target based on lean body mass and fitness goal
Daily Protein Target
103–133g
Sedentary to lightly active • ~472 calories from protein
High-protein food sources
To hit 118g/day you need roughly 5 palm-sized servings of protein-rich food.
Find your target daily calories and how long it takes to reach your goal weight
Target Daily Calories
2365
500 cal below TDEE
Time to Goal Weight
25 wks
~1.0 lbs/week
Your TDEE (maintenance)
2865 cal/day
Daily Calorie Deficit
500 cal
1,200 cal/day minimum applied (never go below safely). Results are estimates; actual rate varies by adherence, muscle mass, and metabolism adaptation. Consider a 2-week diet break every 8–12 weeks.
How fast should you lose weight?
Losing 0.5–1% of body weight per week minimizes muscle loss while maximizing fat loss. Very aggressive deficits (1,000+ calories/day) accelerate fat loss but increase muscle loss and hunger. Recalculate your TDEE every 5–10 lbs to keep your deficit on target as your metabolism adapts.
Net Proceeds
$26.23
Total Etsy Fees
$3.78
12.58% of item price
Fee Breakdown
How Etsy fees work
Every Etsy listing costs $0.20. When it sells, Etsy charges 6.5% on the sale price including shipping, plus 3% + $0.25 for Etsy Payments processing. On a $40 item with $5 shipping, total fees are roughly $4.20 — about 9.3% of the sale.
Net Profit
$14.23
Profit Margin
47.4%
Full Breakdown
You Receive
$96.02
PayPal Fee
$3.98
Rate: 3.49% + $0.49 per transaction
You Receive
$96.80
Stripe Fee (2.9% + $0.30)
$3.20
Rate: 2.9% + $0.30 per successful charge
You Receive
$43.08
eBay Final Value Fee
$6.93
13.8% of sale price
Fee breakdown
You Receive
$20.00
Poshmark Fee
$5.00
20.0% effective rate
Net Profit
$12.00
Profit Margin
48.0%
Profit Per Item
$26.28
53.6% margin
Monthly Profit (50 orders)
$1,274.95
incl. $39.00/mo plan fee
Per-item breakdown
Break down all costs per unit — COGS, platform fees, shipping, and payment processing
Profit Per Unit
$23.99
Profit Margin / Markup
47.99% / 92.28%
Building true unit economics
Many sellers price based on a simple cost-plus formula and forget platform fees, payment processing, packaging, and returns. A product priced at $40 with $12 COGS might seem like a 70% margin — but after all fees and costs, true margin is often 30–45%. Know your real numbers before scaling.
For self-employed, freelancers, and 1099 contractors — 2025 tax year
Quarterly Estimated Tax Payment
$3,599
Due: April 15 / June 16 / Sep 15 / Jan 15
Annual tax breakdown
Uses 2025 standard deduction ($15,000). State income taxes not included.
When quarterly estimated taxes are due
Self-employed and 1099 workers must pay estimated taxes quarterly to avoid underpayment penalties. 2025 IRS due dates: April 15, June 16, September 15, and January 15, 2026. The safe harbor rule lets you pay 100% of last year's tax liability in equal installments — 110% if your prior-year AGI exceeded $150,000.
Estimate taxes on 1099 / freelance income — 2025 tax year
Estimated Take-Home
$49,111
Quarterly Payment Due
$3,472
Self-employment tax explained
1099 workers pay self-employment (SE) tax of 15.3% on net self-employment income — the combined employee and employer share of FICA. However, you can deduct 50% of SE tax from gross income before calculating income tax, which reduces your overall tax burden significantly.
Compare payroll tax savings: sole proprietorship vs. S-Corp election
Estimated Annual Tax Savings
$7,454
vs. sole proprietorship
S-Corp Distribution (no FICA)
$70,000
Sole Proprietorship
S-Corp
Estimate only. S-Corp benefits typically become meaningful above $50,000–$60,000 net profit. Consult a CPA before electing S-Corp status.
IRS simplified vs. regular method — for self-employed only (Schedule C)
Annual Home Office Deduction (Simplified Method)
$750
$5 × 150 sq ft (max 300 sq ft)
You can use whichever method gives the larger deduction.
IRS standard mileage rates for business, medical, and charitable driving
Total Reimbursement / Deduction
$3,500.00
5,000 mi × $0.700/mi
Monthly Average
$291.67
2025 IRS Rates: Business 70¢/mi • Medical 21¢/mi • Charity 14¢/mi
Business mileage is deductible on Schedule C (self-employed) or reimbursable by employers. Medical and charitable rates apply to specific deductible driving.
CAC
$200.00
per customer
LTV:CAC Ratio
2.50x
Marginal
Payback Period
4.8 months
Total Customers
50
Benchmark: LTV:CAC of 3:1 or higher is considered healthy. Under 1:1 means you lose money on every customer.
What is a good CAC?
There's no universal "good" CAC — it depends on your LTV (customer lifetime value). The key metric is the LTV:CAC ratio. A ratio of 3:1 or higher is generally considered healthy for subscription businesses. A ratio below 1:1 means you lose money on every customer acquired.
Return on Ad Spend = Revenue from Ads ÷ Ad Spend
ROAS
5.00x
Strong
Ad ROI
400.0%
Gross Profit
$13,000
Net After Ad Spend
$8,000
Break-Even ROAS
1.92x
MER (Marketing Efficiency Ratio): 20.0% of revenue spent on ads. Industry benchmark for ecommerce: 10–20%.
ROAS vs. ROI
ROAS measures revenue per dollar of ad spend. ROI measures profit relative to total investment. A 5x ROAS sounds great, but if your product margin is 20%, you break even. Your break-even ROAS equals 1 divided by your gross margin. Always analyze ROAS in the context of your margins.
Revenue Generated
$510
ROI
2%
Opens
2,200
Conversions
6
Rev/Subscriber
$0.05
Estimate fair market rates for sponsored content by platform and audience
Estimated Rates
These are estimates based on industry benchmarks. Actual rates vary widely by creator, brand fit, exclusivity, and deliverables. Creators with strong engagement often command above-benchmark rates.
Total annual employer cost beyond base salary
Total Annual Cost
$90,945
Cost Multiplier
1.40x salary
Typical range: 1.25–1.40x
Why employees cost 1.25–1.4x their salary
Beyond salary, employers pay FICA (7.65%), FUTA, SUTA, workers' compensation, health insurance (average $7,000+/year), plus equipment and overhead. A $60,000 salary employee typically costs $75,000–$85,000 all-in.
Calculate PTO accrual rate and projected balance
Accrual Per Pay Period
4.62 hrs
0.58 days
Projected Balance (after 10 periods)
51.2 hrs
6.4 days
Accrual per hour worked
0.0577 hrs
Annual PTO Hours
120 hrs
Cash Value of Balance
$1,279
Estimate total severance package including base pay, PTO payout, and COBRA
Total Severance Package
$12,046
Severance is negotiable. There is no federal law requiring it. PTO payout laws vary by state. COBRA maximum is 18 months. Consult an employment attorney before signing any separation agreement.
Find the minimum hourly rate to hit your income goal after taxes and expenses
Minimum Hourly Rate
$149.11/hr
to take home $80,000.00/yr after taxes
Annual Revenue Needed
$149,107.14
Billable % of Work Time
51%
Work Weeks/yr
49
Non-billable hours (admin, sales, networking): ~960 hrs/yr. The most common freelancer mistake is setting rates based on desired income alone without accounting for taxes (25–35% for self-employed) and non-billable time.
Why your freelance rate needs to be higher than you think
After self-employment tax, income tax, business expenses, non-billable time, and the benefits you fund yourself (health insurance, PTO, retirement), effective take-home on $80,000 gross freelance revenue can be $40,000–$50,000. Price accordingly.
Filing fees and annual costs for every US state
First-Year Total
$180
Ongoing Annual Cost
$130
Colorado breakdown
Very low annual fee
Fees are approximate and change periodically. Additional costs may include an operating agreement ($0–$200), EIN (free from IRS), business licenses, and state/local taxes. Verify current fees on your state's Secretary of State website.
Your Monthly Housing Cost
$204 cash flow
Tenants cover your housing!
Rental Income (2 units)
$2,800/mo
PITI Payment
$2,596/mo
Down Payment
$35,000
Cash-on-Cash ROI
7.0%
What is house hacking?
House hacking means buying a property and renting out part of it to offset your mortgage. The most common strategies: renting rooms in a single-family home, buying a 2–4 unit multifamily and living in one unit, or renting an ADU. With a strong hack, you can live for free while building equity with as little as 3.5% down (FHA loan).
Buy · Rehab · Rent · Refinance · Repeat
Cash Left in Deal
None — fully recycled!
Monthly Cash Flow
$246/mo
Total Invested
$160,000
Refinance Loan
$165,000
Cash-on-Cash ROI
∞
How the BRRRR strategy works
Buy a distressed property below market, Rehab it to force appreciation, Rent it for income, Refinance at the new value to pull out capital, then Repeat. A successful BRRRR leaves little to no money in the deal while owning a cash-flowing rental.
Monthly rent ÷ purchase price ≥ 1% = passes the 1% rule
Does NOT pass the 1% rule
0.90%
Rent-to-price ratio • Target: ≥1.00%
To pass, rent needs to be $2,000/mo or price needs to be $180,000 or less.
Monthly Cash Flow
-$103
Cash-on-Cash Return
-2.46%
Annual Cash Flow
-$1,231
Mortgage/mo
$1,331
GRM
10.4x
What makes a good rental property?
Most experienced investors target $100–$200 positive cash flow per unit per month after all expenses. Key costs to model: vacancy (5–10%), property management (8–12%), maintenance (5–10%), and capital expenditure reserves (5–10%). A property that appears to break even often cash-flows negative once these are properly accounted for.
Cap Rate = Net Operating Income ÷ Property Value
Cap Rate
5.93%
Net Operating Income
$17,800/yr
Estimate your proceeds after selling your home
Estimated Net Proceeds
$154,500
What costs do home sellers pay?
The largest cost is typically real estate agent commission — traditionally 5–6% of the sale price. Other costs include title insurance, escrow fees, transfer taxes, mortgage payoff, and any repair credits. Total seller costs are typically 8–10% of the sale price, making a seller net sheet essential before pricing your home.
Enter both values above to see the result.
How to calculate percentages
A percentage is a ratio expressed out of 100. Percentage change — the most commonly misunderstood — is ((new − old) / |old|) × 100. A stock that drops from $100 to $50 falls 50%, but it must then rise 100% to get back to where it started.
Enter a list of numbers above to calculate the mean, median, mode, and more.
Enter a list of numbers above.
Mean, median, mode, and standard deviation
The mean is sensitive to outliers; the median is more robust when data is skewed. Standard deviation measures how spread out values are around the mean. Use sample standard deviation (s) when your data is a sample from a larger population; use population standard deviation when your data is the entire population.
Enter your bill amount to calculate the tip.
How much should you tip?
For sit-down restaurant service in the U.S., 18–20% is the current standard for adequate service, with 22–25% for excellent. 15% is now generally considered low for table service. The easiest mental math: move the decimal one place left to get 10% (e.g., $65.00 becomes $6.50), then double it for 20% ($13.00).
Cumulative GPA
3.67
Classification
A- / Cum Laude
10 credit hours
Total weight: 100%
Final Grade
86.3%
Letter Grade
B
Select both dates to calculate the difference.
09:00 to 17:30
8 hr 30 min
Hours
8
Minutes
30
Seconds
0
Age
36 years
1 month, 13 days
Total Days
13,192
Total Weeks
1,884
Total Months
433
Next Birthday
June 15, 2027
322 days away
1/2 + 1/3 =
Enter values above to calculate.
Enter values above to calculate profit margin.
Frequently Asked Questions
Everything you need to know about mortgages, loans, and refinancing.