30-Year Fixed Rate Mortgage Calculator
Mortgage Calculator with Amortization Schedule
Calculate your total monthly mortgage payment including principal, interest, taxes, insurance, and PMI with full amortization schedule export.
Shortens loan term & saves interest
Monthly Payment Breakdown
Principal & Interest: $2,023 • Taxes: $400 • Insurance: $100
| Period | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| Year 1 | $24,271.44 | $3,576.76 | $20,694.68 | $20,694.68 | $316,423.24 |
| Year 2 | $24,271.44 | $3,816.28 | $20,455.16 | $41,149.84 | $312,606.96 |
| Year 3 | $24,271.44 | $4,071.88 | $20,199.56 | $61,349.4 | $308,535.08 |
| Year 4 | $24,271.44 | $4,344.57 | $19,926.87 | $81,276.27 | $304,190.51 |
| Year 5 | $24,271.44 | $4,635.54 | $19,635.9 | $100,912.17 | $299,554.97 |
| Year 6 | $24,271.44 | $4,946 | $19,325.44 | $120,237.61 | $294,608.97 |
| Year 7 | $24,271.44 | $5,277.22 | $18,994.22 | $139,231.83 | $289,331.75 |
| Year 8 | $24,271.44 | $5,630.65 | $18,640.79 | $157,872.62 | $283,701.1 |
| Year 9 | $24,271.44 | $6,007.75 | $18,263.69 | $176,136.31 | $277,693.35 |
| Year 10 | $24,271.44 | $6,410.11 | $17,861.33 | $193,997.64 | $271,283.24 |
| Year 11 | $24,271.44 | $6,839.41 | $17,432.03 | $211,429.67 | $264,443.83 |
| Year 12 | $24,271.44 | $7,297.46 | $16,973.98 | $228,403.65 | $257,146.37 |
| Year 13 | $24,271.44 | $7,786.17 | $16,485.27 | $244,888.92 | $249,360.2 |
| Year 14 | $24,271.44 | $8,307.62 | $15,963.82 | $260,852.74 | $241,052.58 |
| Year 15 | $24,271.44 | $8,864.02 | $15,407.42 | $276,260.16 | $232,188.56 |
| Year 16 | $24,271.44 | $9,457.63 | $14,813.81 | $291,073.97 | $222,730.93 |
| Year 17 | $24,271.44 | $10,091.05 | $14,180.39 | $305,254.36 | $212,639.88 |
| Year 18 | $24,271.44 | $10,766.86 | $13,504.58 | $318,758.94 | $201,873.02 |
| Year 19 | $24,271.44 | $11,487.93 | $12,783.51 | $331,542.45 | $190,385.09 |
| Year 20 | $24,271.44 | $12,257.3 | $12,014.14 | $343,556.59 | $178,127.79 |
| Year 21 | $24,271.44 | $13,078.2 | $11,193.24 | $354,749.83 | $165,049.59 |
| Year 22 | $24,271.44 | $13,954.06 | $10,317.38 | $365,067.21 | $151,095.53 |
| Year 23 | $24,271.44 | $14,888.61 | $9,382.83 | $374,450.04 | $136,206.92 |
| Year 24 | $24,271.44 | $15,885.71 | $8,385.73 | $382,835.77 | $120,321.21 |
| Year 25 | $24,271.44 | $16,949.6 | $7,321.84 | $390,157.61 | $103,371.61 |
| Year 26 | $24,271.44 | $18,084.76 | $6,186.68 | $396,344.29 | $85,286.85 |
| Year 27 | $24,271.44 | $19,295.92 | $4,975.52 | $401,319.81 | $65,990.93 |
| Year 28 | $24,271.44 | $20,588.22 | $3,683.22 | $405,003.03 | $45,402.71 |
| Year 29 | $24,271.44 | $21,967.04 | $2,304.4 | $407,307.43 | $23,435.67 |
| Year 30 | $24,268.88 | $23,435.67 | $833.21 | $408,140.64 | $0 |
Compare Top Mortgage & Refinance Rates
Estimated monthly principal & interest based on a $320,000 mortgage. Primary source: Freddie Mac PMMS (October 2026).
| Loan Product | Interest Rate | APR | Est. Monthly P&I | Action |
|---|---|---|---|---|
30-Year Fixed | 7.40% | 7.48% | $2,216/mo | Check Rates |
15-Year Fixed | 6.71% | 6.84% | $2,825/mo | Check Rates |
5/1 Adj. Rate (ARM) | 6.65% | 7.15% | $2,054/mo | Check Rates |
FHA / VA 30-Year | 6.85% | 7.35% | $2,097/mo | Check Rates |
Shop Multiple Lenders
Borrowers who compare 3+ quotes save an average of $84,000 over a 30-year term.
Points vs Zero-Cost
Paying discount points lowers your ongoing interest rate if you plan to stay 5+ years.
PMI Removal Rules
Request private mortgage insurance cancellation as soon as your loan-to-value reaches 80%.
Advertising & Affiliate Disclosure: ConvertSheet is an independent educational calculation service and may receive compensation from partner financial institutions when users click to compare rates. Zero client data or calculated figures are ever shared.
15-Year vs. 30-Year Mortgage Side-by-Side
Compare monthly payments against lifetime interest costs on a $320,000 loan.
| Financial Metric | 15-Year Fixed (5.8%) | 30-Year Fixed (6.5%) | Difference |
|---|---|---|---|
| Monthly P&I Payment | $2,666 | $2,023 | +$643 /mo |
| Total Interest Paid | $159,860 | $408,142 | -$248,283 |
| Total Cost of Mortgage | $479,860 | $728,142 | -$248,283 |
| Payoff Timeframe | 180 Months (15 Yrs) | 360 Months (30 Yrs) | 15 Years Sooner |
15-Year Forced Discipline vs. 30-Year Payment Flexibility
Guarantees full debt freedom in 15 years while saving $248,283 in interest. Ideal for stable, high-earning households where the +$643/mo higher payment stays below 28% of monthly income.
Protects cash-flow with a lower required payment ($2,023/mo). You can voluntarily apply the extra $643/mo toward principal when finances allow, achieving a 15-year payoff without strict obligation.
Side-by-Side Term Comparison: 30-Year Fixed Rate Mortgage Calculator
| Loan Term | Est. APR | Monthly Payment | Total Interest | Total Loan Cost |
|---|---|---|---|---|
| 15-Year Fixed | 5.9% | $2,683/mo | $162,955 | $482,955 |
| 20-Year Fixed | 6.2% | $2,330/mo | $239,117 | $559,117 |
| 30-Year Fixed (Standard) | 6.5% | $2,023/mo | $408,142 | $728,142 |
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About 30-Year Fixed Rate Mortgage Calculator
The 30-year fixed-rate mortgage is the most popular home financing option in the United States, providing payment predictability and the lowest contractual monthly commitment.
Related Mortgage Calculator & Amortization Schedule Calculations
Frequently Asked Questions: 30-Year Fixed Rate Mortgage Calculator
Clear mathematical answers to key questions, calculations, and loan parameters.
Why is the 30-year fixed mortgage so popular?
The 30-year term spreads repayment across 360 months, minimizing required monthly cash flow and maximizing home purchasing power while protecting against interest rate inflation.
How much does a $320,000 30-year mortgage cost in total?
With monthly payments of $2,023 over 30 years, total payments equal $728,142—composed of $320,000 principal repayment and $408,142 in interest charges.
What is the monthly payment on a $175,000 mortgage for 30 years?
At a 6.5% interest rate, the monthly principal and interest payment on a $175,000 30-year mortgage is approximately $1,106 per month. Total interest paid over 360 payments equals $223,205. With average property taxes ($175/mo) and homeowners insurance ($65/mo), the full monthly PITI payment is approximately $1,346.
What is the monthly payment on a $225,000 mortgage calculator?
At 6.5% interest over 30 years, the monthly principal and interest on a $225,000 mortgage is $1,422. Cumulative payments over 30 years equal $511,975 ($225,000 principal + $286,975 interest). Adding estimated taxes ($225/mo) and insurance ($85/mo) brings the full monthly payment to roughly $1,732.
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