Mortgage Simulator
Interactive mortgage visualization with real-time updates. Adjust the sliders to see how changes affect your mortgage.
Interactive Mortgage Simulator
Drag the sliders or enter values to instantly see how your mortgage changes over time
Home Price
$400.000
$50K
$2M
Down Payment
$80.000 (20%)
0%
50%
Interest Rate
6.5%
1%
15%
Loan Term
30 years
5 yrs
30 yrs
Extra Monthly Payment
$0
$0
$2.000
Property Tax (yearly)
$4.000
$0
$20K
Home Insurance (yearly)
$1.500
$0
$10K
Monthly Payment
$0
Principal & Interest
Total Payment
$0
Including Tax & Insurance
Total Interest
$0
0% of loan
Payoff Date
-
0 months
Balance Over Time (Principal vs Interest Paid)
Year 1
Year 15
Year 30
Principal Paid
Interest Paid
Total Cost Breakdown
Principal
$0
Interest
$0
Tax & Insurance
$0
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$0
Insurance
$0
Key Milestones
-
25% Principal Paid
-
50% Principal Paid
-
75% Principal Paid
-
Fully Paid Off
Term Comparison Scenarios
Year-by-Year Amortization
| Year | Payment | Principal | Interest | Balance | Progress |
|---|
Understanding Your Mortgage
How Amortization Works
In the early years of your mortgage, most of your payment goes toward interest. As the loan progresses, more of each payment goes to principal. This is why making extra payments early saves the most money over time.
Impact of Down Payment
- Larger down payment = lower monthly payment
- 20% down typically avoids PMI
- Less borrowed = less interest paid overall
- Better loan terms with more equity
Interest Rate Impact
- 1% rate difference = thousands saved/spent
- Shop multiple lenders for best rate
- Consider points to buy down rate
- Fixed vs adjustable rate trade-offs
Extra Payment Benefits
- Reduces principal faster
- Saves significant interest
- Shortens loan term
- Builds equity quicker