Tools
Mortgage calculator
See in seconds what a loan costs: payment, interest, and the effect of the down payment and amortization.
Estimated payment
$2,878.06
monthly · 300 payments
- Base loan
- $520,000
- Insurance (added to the loan)
- $0
- Total interest
- $343,418
- Total cost of the loan
- $863,418
Estimate for information only, for a fixed rate compounded semi-annually. Rates, insurance and down payment rules change: your lender confirms the final figure.
How to read this result
A longer amortization lowers your payment but increases total interest. An accelerated payment (every two weeks or weekly) is the equivalent of making one extra monthly payment a year, and shortens the real term of the loan.
With less than 20% down, the loan must be insured: the premium is added to the loan. To estimate your other purchase costs too, try the transfer duties calculator.