Our proprietary mortgage calculator helps you estimate mortgage and refinance expenses. After you enter your location, current interest rate, home price, and down payment, we will provide a monthly expense breakdown.

This mortgage payment calculator also predicts potential savings and calculates an amortization schedule of your mortgage payoff over time. Our research page contains more resources on mortgage expenses.

Woman holding a house
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Monthly Expenses Breakdown

Mortgage Payoff Over Time

Monthly Payoff Schedule

Principal
Interest
Remaining
$250,000.00
1 $360.20 833.33 $249,639.80
2 $361.41 832.13 $249,278.39
3 $362.61 830.93 $248,915.78
4 $363.82 829.72 $248,551.96
5 $365.03 828.51 $248,186.93
6 $366.25 827.29 $247,820.68
7 $367.47 826.07 $247,453.21
8 $368.69 824.84 $247,084.52
9 $369.92 823.62 $246,714.59
10 $371.16 822.38 $246,343.44
11 $372.39 821.14 $245,971.04
12 $373.63 819.9 $245,597.41
13 $374.88 818.66 $245,222.53
14 $376.13 817.41 $244,846.40
15 $377.38 816.15 $244,469.02
16 $378.64 814.9 $244,090.37
17 $379.90 813.63 $243,710.47
18 $381.17 812.37 $243,329.30
19 $382.44 811.1 $242,946.86
20 $383.72 809.82 $242,563.14
21 $384.99 808.54 $242,178.15
22 $386.28 807.26 $241,791.87
23 $387.57 805.97 $241,404.31
24 $388.86 804.68 $241,015.45
25 $390.15 803.38 $240,625.30
26 $391.45 802.08 $240,233.84
27 $392.76 800.78 $239,841.08
28 $394.07 799.47 $239,447.02
29 $395.38 798.16 $239,051.63
30 $396.70 796.84 $238,654.93
31 $398.02 795.52 $238,256.91
32 $399.35 794.19 $237,857.56
33 $400.68 792.86 $237,456.88
34 $402.02 791.52 $237,054.87
35 $403.36 790.18 $236,651.51
36 $404.70 788.84 $236,246.81
37 $406.05 787.49 $235,840.77
38 $407.40 786.14 $235,433.36
39 $408.76 784.78 $235,024.60
40 $410.12 783.42 $234,614.48
41 $411.49 782.05 $234,202.99
42 $412.86 780.68 $233,790.13
43 $414.24 779.3 $233,375.89
44 $415.62 777.92 $232,960.27
45 $417.00 776.53 $232,543.27
46 $418.39 775.14 $232,124.87
47 $419.79 773.75 $231,705.08
48 $421.19 772.35 $231,283.90
49 $422.59 770.95 $230,861.30
50 $424.00 769.54 $230,437.30
51 $425.41 768.12 $230,011.89
52 $426.83 766.71 $229,585.06
53 $428.25 765.28 $229,156.80
54 $429.68 763.86 $228,727.12
55 $431.11 762.42 $228,296.01
56 $432.55 760.99 $227,863.46
57 $433.99 759.54 $227,429.46
58 $435.44 758.1 $226,994.02
59 $436.89 756.65 $226,557.13
60 $438.35 755.19 $226,118.78
61 $439.81 753.73 $225,678.97
62 $441.27 752.26 $225,237.70
63 $442.75 750.79 $224,794.95
64 $444.22 749.32 $224,350.73
65 $445.70 747.84 $223,905.03
66 $447.19 746.35 $223,457.84
67 $448.68 744.86 $223,009.16
68 $450.17 743.36 $222,558.99
69 $451.67 741.86 $222,107.31
70 $453.18 740.36 $221,654.13
71 $454.69 738.85 $221,199.44
72 $456.21 737.33 $220,743.23
73 $457.73 735.81 $220,285.51
74 $459.25 734.29 $219,826.25
75 $460.78 732.75 $219,365.47
76 $462.32 731.22 $218,903.15
77 $463.86 729.68 $218,439.29
78 $465.41 728.13 $217,973.88
79 $466.96 726.58 $217,506.92
80 $468.52 725.02 $217,038.41
81 $470.08 723.46 $216,568.33
82 $471.64 721.89 $216,096.69
83 $473.22 720.32 $215,623.47
84 $474.79 718.74 $215,148.68
85 $476.38 717.16 $214,672.30
86 $477.96 715.57 $214,194.34
87 $479.56 713.98 $213,714.78
88 $481.16 712.38 $213,233.62
89 $482.76 710.78 $212,750.87
90 $484.37 709.17 $212,266.50
91 $485.98 707.55 $211,780.51
92 $487.60 705.94 $211,292.91
93 $489.23 704.31 $210,803.68
94 $490.86 702.68 $210,312.82
95 $492.50 701.04 $209,820.33
96 $494.14 699.4 $209,326.19
97 $495.78 697.75 $208,830.41
98 $497.44 696.1 $208,332.97
99 $499.10 694.44 $207,833.87
100 $500.76 692.78 $207,333.11
101 $502.43 691.11 $206,830.69
102 $504.10 689.44 $206,326.58
103 $505.78 687.76 $205,820.80
104 $507.47 686.07 $205,313.33
105 $509.16 684.38 $204,804.17
106 $510.86 682.68 $204,293.31
107 $512.56 680.98 $203,780.75
108 $514.27 679.27 $203,266.48
109 $515.98 677.55 $202,750.50
110 $517.70 675.84 $202,232.80
111 $519.43 674.11 $201,713.37
112 $521.16 672.38 $201,192.21
113 $522.90 670.64 $200,669.31
114 $524.64 668.9 $200,144.67
115 $526.39 667.15 $199,618.28
116 $528.14 665.39 $199,090.14
117 $529.90 663.63 $198,560.23
118 $531.67 661.87 $198,028.56
119 $533.44 660.1 $197,495.12
120 $535.22 658.32 $196,959.90
121 $537.01 656.53 $196,422.89
122 $538.80 654.74 $195,884.10
123 $540.59 652.95 $195,343.51
124 $542.39 651.15 $194,801.11
125 $544.20 649.34 $194,256.91
126 $546.02 647.52 $193,710.90
127 $547.84 645.7 $193,163.06
128 $549.66 643.88 $192,613.40
129 $551.49 642.04 $192,061.91
130 $553.33 640.21 $191,508.57
131 $555.18 638.36 $190,953.40
132 $557.03 636.51 $190,396.37
133 $558.88 634.65 $189,837.49
134 $560.75 632.79 $189,276.74
135 $562.62 630.92 $188,714.13
136 $564.49 629.05 $188,149.63
137 $566.37 627.17 $187,583.26
138 $568.26 625.28 $187,015.00
139 $570.15 623.38 $186,444.85
140 $572.06 621.48 $185,872.79
141 $573.96 619.58 $185,298.83
142 $575.88 617.66 $184,722.95
143 $577.80 615.74 $184,145.16
144 $579.72 613.82 $183,565.44
145 $581.65 611.88 $182,983.78
146 $583.59 609.95 $182,400.19
147 $585.54 608.0 $181,814.65
148 $587.49 606.05 $181,227.16
149 $589.45 604.09 $180,637.72
150 $591.41 602.13 $180,046.30
151 $593.38 600.15 $179,452.92
152 $595.36 598.18 $178,857.56
153 $597.35 596.19 $178,260.21
154 $599.34 594.2 $177,660.87
155 $601.34 592.2 $177,059.54
156 $603.34 590.2 $176,456.20
157 $605.35 588.19 $175,850.85
158 $607.37 586.17 $175,243.48
159 $609.39 584.14 $174,634.09
160 $611.42 582.11 $174,022.66
161 $613.46 580.08 $173,409.20
162 $615.51 578.03 $172,793.69
163 $617.56 575.98 $172,176.13
164 $619.62 573.92 $171,556.51
165 $621.68 571.86 $170,934.83
166 $623.76 569.78 $170,311.08
167 $625.83 567.7 $169,685.24
168 $627.92 565.62 $169,057.32
169 $630.01 563.52 $168,427.31
170 $632.11 561.42 $167,795.19
171 $634.22 559.32 $167,160.97
172 $636.34 557.2 $166,524.64
173 $638.46 555.08 $165,886.18
174 $640.58 552.95 $165,245.60
175 $642.72 550.82 $164,602.88
176 $644.86 548.68 $163,958.01
177 $647.01 546.53 $163,311.00
178 $649.17 544.37 $162,661.83
179 $651.33 542.21 $162,010.50
180 $653.50 540.04 $161,357.00
181 $655.68 537.86 $160,701.32
182 $657.87 535.67 $160,043.45
183 $660.06 533.48 $159,383.39
184 $662.26 531.28 $158,721.13
185 $664.47 529.07 $158,056.66
186 $666.68 526.86 $157,389.98
187 $668.90 524.63 $156,721.07
188 $671.13 522.4 $156,049.94
189 $673.37 520.17 $155,376.57
190 $675.62 517.92 $154,700.95
191 $677.87 515.67 $154,023.08
192 $680.13 513.41 $153,342.96
193 $682.40 511.14 $152,660.56
194 $684.67 508.87 $151,975.89
195 $686.95 506.59 $151,288.94
196 $689.24 504.3 $150,599.70
197 $691.54 502.0 $149,908.16
198 $693.84 499.69 $149,214.31
199 $696.16 497.38 $148,518.16
200 $698.48 495.06 $147,819.68
201 $700.81 492.73 $147,118.87
202 $703.14 490.4 $146,415.73
203 $705.49 488.05 $145,710.24
204 $707.84 485.7 $145,002.41
205 $710.20 483.34 $144,292.21
206 $712.56 480.97 $143,579.65
207 $714.94 478.6 $142,864.71
208 $717.32 476.22 $142,147.38
209 $719.71 473.82 $141,427.67
210 $722.11 471.43 $140,705.56
211 $724.52 469.02 $139,981.04
212 $726.93 466.6 $139,254.10
213 $729.36 464.18 $138,524.75
214 $731.79 461.75 $137,792.96
215 $734.23 459.31 $137,058.73
216 $736.68 456.86 $136,322.05
217 $739.13 454.41 $135,582.92
218 $741.60 451.94 $134,841.33
219 $744.07 449.47 $134,097.26
220 $746.55 446.99 $133,350.71
221 $749.04 444.5 $132,601.68
222 $751.53 442.01 $131,850.14
223 $754.04 439.5 $131,096.10
224 $756.55 436.99 $130,339.55
225 $759.07 434.47 $129,580.48
226 $761.60 431.93 $128,818.88
227 $764.14 429.4 $128,054.74
228 $766.69 426.85 $127,288.05
229 $769.24 424.29 $126,518.80
230 $771.81 421.73 $125,746.99
231 $774.38 419.16 $124,972.61
232 $776.96 416.58 $124,195.65
233 $779.55 413.99 $123,416.10
234 $782.15 411.39 $122,633.94
235 $784.76 408.78 $121,849.19
236 $787.37 406.16 $121,061.81
237 $790.00 403.54 $120,271.81
238 $792.63 400.91 $119,479.18
239 $795.27 398.26 $118,683.91
240 $797.93 395.61 $117,885.98
241 $800.58 392.95 $117,085.40
242 $803.25 390.28 $116,282.14
243 $805.93 387.61 $115,476.21
244 $808.62 384.92 $114,667.59
245 $811.31 382.23 $113,856.28
246 $814.02 379.52 $113,042.26
247 $816.73 376.81 $112,225.53
248 $819.45 374.09 $111,406.08
249 $822.18 371.35 $110,583.89
250 $824.93 368.61 $109,758.97
251 $827.68 365.86 $108,931.29
252 $830.43 363.1 $108,100.86
253 $833.20 360.34 $107,267.66
254 $835.98 357.56 $106,431.68
255 $838.77 354.77 $105,592.91
256 $841.56 351.98 $104,751.35
257 $844.37 349.17 $103,906.98
258 $847.18 346.36 $103,059.80
259 $850.01 343.53 $102,209.80
260 $852.84 340.7 $101,356.96
261 $855.68 337.86 $100,501.28
262 $858.53 335.0 $99,642.74
263 $861.40 332.14 $98,781.35
264 $864.27 329.27 $97,917.08
265 $867.15 326.39 $97,049.93
266 $870.04 323.5 $96,179.89
267 $872.94 320.6 $95,306.95
268 $875.85 317.69 $94,431.11
269 $878.77 314.77 $93,552.34
270 $881.70 311.84 $92,670.64
271 $884.64 308.9 $91,786.00
272 $887.58 305.95 $90,898.42
273 $890.54 302.99 $90,007.88
274 $893.51 300.03 $89,114.36
275 $896.49 297.05 $88,217.87
276 $899.48 294.06 $87,318.40
277 $902.48 291.06 $86,415.92
278 $905.49 288.05 $85,510.43
279 $908.50 285.03 $84,601.93
280 $911.53 282.01 $83,690.40
281 $914.57 278.97 $82,775.83
282 $917.62 275.92 $81,858.21
283 $920.68 272.86 $80,937.53
284 $923.75 269.79 $80,013.79
285 $926.83 266.71 $79,086.96
286 $929.92 263.62 $78,157.04
287 $933.01 260.52 $77,224.03
288 $936.12 257.41 $76,287.90
289 $939.25 254.29 $75,348.66
290 $942.38 251.16 $74,406.28
291 $945.52 248.02 $73,460.77
292 $948.67 244.87 $72,512.10
293 $951.83 241.71 $71,560.27
294 $955.00 238.53 $70,605.26
295 $958.19 235.35 $69,647.07
296 $961.38 232.16 $68,685.69
297 $964.59 228.95 $67,721.11
298 $967.80 225.74 $66,753.31
299 $971.03 222.51 $65,782.28
300 $974.26 219.27 $64,808.02
301 $977.51 216.03 $63,830.50
302 $980.77 212.77 $62,849.73
303 $984.04 209.5 $61,865.69
304 $987.32 206.22 $60,878.38
305 $990.61 202.93 $59,887.76
306 $993.91 199.63 $58,893.85
307 $997.23 196.31 $57,896.63
308 $1,000.55 192.99 $56,896.08
309 $1,003.88 189.65 $55,892.19
310 $1,007.23 186.31 $54,884.96
311 $1,010.59 182.95 $53,874.37
312 $1,013.96 179.58 $52,860.42
313 $1,017.34 176.2 $51,843.08
314 $1,020.73 172.81 $50,822.35
315 $1,024.13 169.41 $49,798.22
316 $1,027.54 165.99 $48,770.68
317 $1,030.97 162.57 $47,739.71
318 $1,034.41 159.13 $46,705.30
319 $1,037.85 155.68 $45,667.45
320 $1,041.31 152.22 $44,626.13
321 $1,044.78 148.75 $43,581.35
322 $1,048.27 145.27 $42,533.08
323 $1,051.76 141.78 $41,481.32
324 $1,055.27 138.27 $40,426.05
325 $1,058.78 134.75 $39,367.27
326 $1,062.31 131.22 $38,304.96
327 $1,065.86 127.68 $37,239.10
328 $1,069.41 124.13 $36,169.69
329 $1,072.97 120.57 $35,096.72
330 $1,076.55 116.99 $34,020.17
331 $1,080.14 113.4 $32,940.03
332 $1,083.74 109.8 $31,856.30
333 $1,087.35 106.19 $30,768.95
334 $1,090.98 102.56 $29,677.97
335 $1,094.61 98.93 $28,583.36
336 $1,098.26 95.28 $27,485.10
337 $1,101.92 91.62 $26,383.18
338 $1,105.59 87.94 $25,277.58
339 $1,109.28 84.26 $24,168.30
340 $1,112.98 80.56 $23,055.33
341 $1,116.69 76.85 $21,938.64
342 $1,120.41 73.13 $20,818.23
343 $1,124.14 69.39 $19,694.08
344 $1,127.89 65.65 $18,566.19
345 $1,131.65 61.89 $17,434.54
346 $1,135.42 58.12 $16,299.12
347 $1,139.21 54.33 $15,159.91
348 $1,143.01 50.53 $14,016.91
349 $1,146.82 46.72 $12,870.09
350 $1,150.64 42.9 $11,719.45
351 $1,154.47 39.06 $10,564.98
352 $1,158.32 35.22 $9,406.66
353 $1,162.18 31.36 $8,244.48
354 $1,166.06 27.48 $7,078.42
355 $1,169.94 23.59 $5,908.48
356 $1,173.84 19.69 $4,734.63
357 $1,177.76 15.78 $3,556.88
358 $1,181.68 11.86 $2,375.19
359 $1,185.62 7.92 $1,189.57
360 $1,189.57 3.97 $0.00

Rent vs Buy Calculator for Investment Returns

Benefits of Buying a House:

You'd better to rent a house instead pf buying. Or you could lower your mortgage interest rate to save the cost of buying. Come to visit our mortgage rates to get more favorable mortgages.

Rent
Buy
Initial Costs -681.12 -57,401.00 Initial Costs
Rent Security Deposit -544.90 -50,000.00 Down Payment
-136.22 -7,401.00 Cost of Buying House
Recurring Costs -414,056.41 -736,031.78 Recurring Costs
Total Monthly Rents -411,467.05 -429,673.77 Morgage Payment
Renter's Insurance -2,589.36 -72,900.00 Property Taxes
-29,220.00 Home Insurance
-2,500.00 PMI Insurance
0.00 HOA Dues
-201,738.01 The Returns for Investment
Closing Costs 0.00 -9,000.00 Closing Costs
-9,000.00 Cost of Selling House
Proceeds from Moving 681.12 1,235,260.37 Proceeds from sale
Return of the rental security deposit 681.12 1,235,260.37 Home Value
Total -414,056.41 432,827.59 Total

Real Estate Analysis of Home Ownership Affordability

Based on the strong historical housing growth in the entire United States and Palo Alto, CA, buying a house is a highly profitable investment compared to renting with an estimated ROI of 10.42% based on the down payment principal.

CA and Nationwide Home Price

Source: Freddie Mac House Price Index (FMHPI)

The home price in California grew by an average of 38.8% over every 5 years, 73.5% over every 10 years, and 409% over every 30 years. In each corresponding period, the nationwide average growth rate in home prices were 26.8% , 53.2% and 264%, respectively.