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RealCostIQ

Mortgage Calculator

Educational calculators — always consult a licensed professional before making financial decisions.

Enter the purchase price of the property.

$
$50K$2M

Typically 3%–20% of the home price.

%

$80,000 of home price

0%40%

Current 30-yr fixed average is around 6.5–7%.

%
2%9%

Longer terms mean lower payments but more interest overall.

Lowest monthly payment. Most popular choice. Pay significantly more interest over the life of the loan.

Est. monthly payment

$2,076

principal & interest

Loan amount$320,000
Down payment$80,000
Total interest$427,185
Total cost$747,185

Where your payment goes

80%
14%
6%
P&I $2,076Tax $367Insurance $167

Based on

Home price$400,000
Loan term30 years
Down payment$80,000
Interest rate6.75%

Principal vs. Interest Over Time

PrincipalInterest
Free

Email me the detailed report

A full PDF breakdown of these numbers — yours to keep or hand to a contractor.

This calculator provides estimates for educational purposes only. Actual payments may differ based on taxes, insurance, PMI, and lender terms. Consult a licensed mortgage professional.

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Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.