True Cost

Home Affordability & Mortgage Tax Calculator

All estimates are approximations based on publicly available tax and rate data. Your actual costs may vary by jurisdiction and individual circumstances. Learn more

$
$
20.0% Down
$

*Does not include Tax/Ins/HOA

2-6% normal ($8,000 - $24,000)

Used to project annual increases in HOA fees, insurance, and maintenance costs

Monthly Breakdown

Total Monthly Cost$2,843
Principal & Interest
$1,960
Property Tax
$400
Insurance
$150
Maintenance
$333
HOA Fees
$0
Loan Amount
$320,000
Down Payment
$80,000

Amortization Preview (First 15 Years)

YearInterest PaidPrincipal PaidPMI PaidBalance
1$19,734$3,785$0$316,215
2$19,492$4,027$0$312,188
3$19,235$4,284$0$307,905
4$18,962$4,557$0$303,348
5$18,671$4,847$0$298,500
6$18,362$5,157$0$293,344
7$18,033$5,486$0$287,858
8$17,683$5,836$0$282,023
9$17,311$6,208$0$275,815
10$16,915$6,604$0$269,211
11$16,494$7,025$0$262,186
12$16,046$7,473$0$254,712
13$15,569$7,950$0$246,762
14$15,062$8,457$0$238,305
15$14,522$8,997$0$229,309