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Mortgage Payment Calculator

This mortgage payment calculator will provide detailed information on your monthly mortgage payment (including escrows) early payoff strategies, additional monthly payments and lump sum payment(s).

Payment Breakdown

Your Payment


per month

Total Loan Amount
Total Interest Paid
All Payment
Principle & Interest $0.00
HOA Dues $50.00
Taxes $0.00
PMI $0.00
Insurance $0.00
Extra Payment $0.00

Early Payoff Strategy

Increase Frequency
Additional Monthly

Excess amount to be added to monthly payments?

Lump Sum Payment

Lump sum and frequency to add to your payments?

Payment Amount
Pay Off This Much Sooner

How to Use this Mortgage Payment Calculator

Below please find the explanation for each calculated field.

The monthly mortgage payment breakdown reflects:

  • The monthly principal and interest payment.
  • The monthly property taxes, homeowners insurance, and PMI – Private Mortgage Insurance (escrow payment).
  • The monthly home owners association dues.
  • The total interest paid over the life of the loan.
  • The total amount of mortgage payments over the life of the loan.

Early Payoff Strategy

The Early Payoff Strategy provides option for the payment frequency; such as monthly payments, bi-weekly payments or weekly payments.

Additional Monthly

Select a monthly amount on top of your monthly mortgage payment that will go directly to reducing your principal mortgage balance.

Lump Sum Payment

You can select a lump sum payment amount that can be made one-time, yearly, or quarterly. The result with provide the interest and loan term savings.


Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Metropolitan Mortgage Corporation does not guarantee the accuracy of any information or inputs by users of the software.

This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only.

Related Article:

Lower Your Mortgage Payment

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