Mortgage Calculator
Calculate your monthly mortgage payments, see amortization schedules, and understand the true cost of your home loan.
Quick answer: a mortgage payment is workable when the full monthly cost (P&I + taxes + insurance + PMI + HOA) still leaves healthy cash flow and lender-style DSCR cushion for your rental assumptions.
Loan Details
Additional Costs (Annual)
Planning to rent out? Pair this with our DSCR Calculator and Cash Flow Calculator.
Related analysis tools and reads
Educational notice (not financial or lending advice)
This mortgage calculator is educational only and not financial or lending advice. Actual approvals, rates, reserves, and underwriting outcomes vary by lender and borrower profile.
Monthly Payment
$2,422.62
Loan Amount: $320,000
AI Investment Insights
Payment Breakdown
$2,423
per month
Loan Summary
Amortization Schedule (First Year)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,022.62 | $289.28 | $1,733.33 | $319,711 |
| 2 | $2,022.62 | $290.85 | $1,731.77 | $319,420 |
| 3 | $2,022.62 | $292.43 | $1,730.19 | $319,127 |
| 4 | $2,022.62 | $294.01 | $1,728.61 | $318,833 |
| 5 | $2,022.62 | $295.60 | $1,727.01 | $318,538 |
| 6 | $2,022.62 | $297.20 | $1,725.41 | $318,241 |
| 7 | $2,022.62 | $298.81 | $1,723.80 | $317,942 |
| 8 | $2,022.62 | $300.43 | $1,722.18 | $317,641 |
| 9 | $2,022.62 | $302.06 | $1,720.56 | $317,339 |
| 10 | $2,022.62 | $303.70 | $1,718.92 | $317,036 |
| 11 | $2,022.62 | $305.34 | $1,717.28 | $316,730 |
| 12 | $2,022.62 | $307.00 | $1,715.62 | $316,423 |
FAQ: mortgage payment planning for rentals
How do I know if this mortgage payment is realistic for a rental deal?
I compare the projected payment against expected NOI and DSCR targets, not just gross rent, to see whether the property can support financing comfortably.
Why should I include taxes, insurance, PMI, and HOA here?
Those costs shape true monthly carrying cost. Ignoring them can make a deal look stronger than it is when I evaluate cash flow and debt coverage.
When should I use the DSCR calculator after this?
I use DSCR next when I want a lender-style coverage check based on NOI versus annual debt service, plus a max-loan-at-target estimate.
Is this mortgage estimate financial or lending advice?
No. It is educational only. Final loan terms, qualification, and underwriting requirements depend on lender rules, reserves, credit profile, and appraisal results.
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