Calculator
Estimate a realistic monthly home payment, including the loan, property tax, and insurance.
Heavy payment
$400K · 20% down · 6.5% · 30yr
Monthly payment breakdown
Monthly
$2,523
Principal & interest
$2,023/mo · 80.2%
Property tax
$400/mo · 15.9%
Insurance
$100/mo · 4.0%
Principal vs. interest by year
30-year term
Hover a bar to see the year breakdown
Principal
Interest
Equity
Upfront cash
$80K
+ $8,000.00–$16K closing costs
Lifetime interest
$408.1K
102% of the home price
Total cost
$988.1K
over 30 years, all in
Amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
Calculators are great for scenarios. Clarity connects your real accounts so the inputs stop being assumptions and start being your actual money.
Connect a bank, brokerage, or exchange in under a minute. Read-only, encrypted, never moves money.
Use this if you want to understand how the calculator works, not just plug in numbers.
Step 1
Provide home price, down payment percentage, loan term, and interest rate.
Step 2
Include annual property tax and insurance estimates.
Step 3
Review monthly PITI, total interest, and yearly amortization summary.
These cover the assumptions, tradeoffs, and edge cases behind the calculator.
Use the calculator for the math, then use these guides to make the decision with more confidence.
guide
Rental property calculator
Compare owner-occupied housing math with investment property math.
/calculators/rental-property
guide
How mortgages work
Principal, interest, amortization, and what changes each payment.
/faq
blog
Housing blog
Broader explainers on equity, ownership, and housing tradeoffs.
/faq