Enter your home price, down payment, rate, and term to estimate your monthly principal and interest payment.
Estimate only. Does not include taxes, insurance, HOA, or PMI. Actual rate and payment depend on your credit profile and lender at time of application.
Get My Actual Rate →Principal and interest (P&I) only, based on the standard amortization formula. This is the core mortgage payment that goes to the lender each month.
Property taxes, homeowner's insurance, HOA fees, and PMI (if your down payment is under 20%) are not included. Your actual monthly payment will be higher once these are added.
Putting less than 20% down typically triggers PMI (private mortgage insurance) of 0.5 to 1.5% of the loan amount per year. VA loans have no PMI. FHA has MIP. Ask Chris for a complete picture.
A full mortgage payment is often called PITI: Principal, Interest, Taxes, and Insurance. This calculator shows the P&I portion only. Property taxes and homeowner's insurance are paid separately, either out of pocket or through an escrow account. If your down payment is under 20%, PMI is also added to the monthly payment.
The rate has a large effect. On a $400,000 loan, the difference between a 6.5% and 7.5% rate is roughly $65 per month in payment and about $24,000 in total interest over 30 years. Try adjusting the rate in the calculator above to see how it moves your payment. This is why shopping multiple lenders through Beeline can make a meaningful difference.
A 15-year loan has a significantly lower rate and much less total interest paid, but the monthly payment is substantially higher. A 30-year loan lowers the required monthly payment and gives flexibility, but costs more in total interest. Try both terms in the calculator to see the comparison. Many borrowers choose a 30-year loan and make extra payments when cash flow allows.
Your actual rate depends on your credit score, loan type, and the lender. Chris pulls real options across many lenders in Washington and Idaho.
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