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Mortgage Calculator: $350,000 home, 5.4% rate, 25-year term

/mortgage-calculator/350000/10/5.4/25/1/900/100/200

Mortgage estimate for a $350,000.00 property over 25 years with escrow and early-payoff analysis.

Updated: 5/25/2026, 2:25:44 PM

Loan amount

$315,000.00

Monthly P&I

$1,915.61

Escrow + HOA / mo

$466.67

Full housing cost / mo

$2,582.28

Payoff term

20y 7m

Interest saved

$52,260.87

Tool Controls

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Quick scenarios

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Home price

Down payment %

Interest rate %

Term (years)

Property tax %

Insurance/year

HOA/month

Extra payment/month

Snapshot

Down payment (10.00%): $35,000.00
LTV ratio: 90.00%
Property tax monthly (1.00%): $291.67
Insurance monthly: $75.00
Baseline payoff: 25y 0m
Time saved: 53 months
Baseline interest: $259,682.77
Interest with extra payments: $207,421.90

Amortization schedule

Month	Payment	Principal	Interest	Balance
1	2,115.61	698.11	1,417.50	314,301.89
2	2,115.61	701.25	1,414.36	313,600.64
3	2,115.61	704.41	1,411.20	312,896.23
4	2,115.61	707.58	1,408.03	312,188.66
5	2,115.61	710.76	1,404.85	311,477.90
6	2,115.61	713.96	1,401.65	310,763.94
7	2,115.61	717.17	1,398.44	310,046.77
8	2,115.61	720.40	1,395.21	309,326.37
9	2,115.61	723.64	1,391.97	308,602.73
10	2,115.61	726.90	1,388.71	307,875.83
11	2,115.61	730.17	1,385.44	307,145.66
12	2,115.61	733.45	1,382.16	306,412.21
13	2,115.61	736.75	1,378.85	305,675.45
14	2,115.61	740.07	1,375.54	304,935.38
15	2,115.61	743.40	1,372.21	304,191.98
16	2,115.61	746.75	1,368.86	303,445.24
17	2,115.61	750.11	1,365.50	302,695.13
18	2,115.61	753.48	1,362.13	301,941.65
19	2,115.61	756.87	1,358.74	301,184.78
20	2,115.61	760.28	1,355.33	300,424.50
21	2,115.61	763.70	1,351.91	299,660.80
22	2,115.61	767.14	1,348.47	298,893.67
23	2,115.61	770.59	1,345.02	298,123.08
24	2,115.61	774.06	1,341.55	297,349.03
Showing first and last rows. Hidden rows: 199.
224	2,115.61	1,900.03	215.58	46,006.67
225	2,115.61	1,908.58	207.03	44,098.09
226	2,115.61	1,917.17	198.44	42,180.93
227	2,115.61	1,925.80	189.81	40,255.13
228	2,115.61	1,934.46	181.15	38,320.67
229	2,115.61	1,943.17	172.44	36,377.50
230	2,115.61	1,951.91	163.70	34,425.59
231	2,115.61	1,960.69	154.92	32,464.90
232	2,115.61	1,969.52	146.09	30,495.38
233	2,115.61	1,978.38	137.23	28,517.00
234	2,115.61	1,987.28	128.33	26,529.72
235	2,115.61	1,996.23	119.38	24,533.49
236	2,115.61	2,005.21	110.40	22,528.29
237	2,115.61	2,014.23	101.38	20,514.05
238	2,115.61	2,023.30	92.31	18,490.76
239	2,115.61	2,032.40	83.21	16,458.36
240	2,115.61	2,041.55	74.06	14,416.81
241	2,115.61	2,050.73	64.88	12,366.08
242	2,115.61	2,059.96	55.65	10,306.11
243	2,115.61	2,069.23	46.38	8,236.88
244	2,115.61	2,078.54	37.07	6,158.34
245	2,115.61	2,087.90	27.71	4,070.44
246	2,115.61	2,097.29	18.32	1,973.15
247	1,982.03	1,973.15	8.88	0.00

FAQ

How is the monthly mortgage payment calculated?↓

The standard amortization formula uses the loan amount (price minus down payment), the monthly interest rate (annual rate divided by 12), and the number of months in the term. The result is the principal-and-interest portion; the calculator adds property tax, insurance, HOA, and any extra payment to give the full PITI total.

Does adding an extra monthly payment really save money?↓

Yes. Every extra dollar applied to principal reduces the balance future interest is calculated on. Even small consistent extras (e.g. $100/month on a 30-year loan) typically shorten the term by years and save tens of thousands in interest.

What APR or interest rate should I use?↓

Enter the rate quoted on your loan estimate. APR includes some fees and is a useful comparison tool, but for accurate monthly payment calculation use the note interest rate.

Are property tax and insurance always escrowed?↓

Most U.S. lenders require escrow for tax and homeowners insurance, especially with less than 20% down. If you pay them directly, exclude those fields and budget separately.