Condo Mortgage Calculator with HOA to calculate the monthly mortgage payment for your condo. The condo loan calculator with taxes and insurance generates an amortization schedule that estimates the cost of buying a condo and a breakdown of each payment.
Mortgage Calculator Results | |
| Home Value: | $200,000.00 |
| Mortgage Amount: | $160,000.00 |
| Monthly Principal & Interest: | $954.14 |
| Monthly Extra Payment: | $0.00 |
| Monthly Property Tax: | $83.33 |
| Monthly Home Insurance: | $66.67 |
| Monthly PMI: | PMI not required |
| Monthly HOA Fees: | $0.00 |
Total Monthly Payment: | $1,104.14 |
| Total # Of Payments: | 360 |
| Start Date: | Jun, 2024 |
| Payoff Date: | May, 2054 |
| Down Payment: | $40,000.00 |
| Principal: | $160,000.00 |
| Total Extra Payment: | $0.00 |
| Total Interest Paid: | $183,491.68 |
| Total Tax, Insurance, PMI and Fees: | $54,000.00 |
Total of all Payments: | $437,491.68 |
Mortgage Amortization Schedule | ||||||
| Payment Date | Payment # | Interest | Principal | Tax, Insurance, PMI & Fees | Total Payment | Balance |
|---|---|---|---|---|---|---|
| Jun, 2024 | 1 | $793.33 | $160.81 | $150.00 | $1,104.14 | $159,839.19 |
| Jul, 2024 | 2 | $792.54 | $161.61 | $150.00 | $1,104.14 | $159,677.58 |
| Aug, 2024 | 3 | $791.73 | $162.41 | $150.00 | $1,104.14 | $159,515.17 |
| Sep, 2024 | 4 | $790.93 | $163.21 | $150.00 | $1,104.14 | $159,351.96 |
| Oct, 2024 | 5 | $790.12 | $164.02 | $150.00 | $1,104.14 | $159,187.94 |
| Nov, 2024 | 6 | $789.31 | $164.84 | $150.00 | $1,104.14 | $159,023.10 |
| Dec, 2024 | 7 | $788.49 | $165.65 | $150.00 | $1,104.14 | $158,857.45 |
| Jan, 2025 | 8 | $787.67 | $166.48 | $150.00 | $1,104.14 | $158,690.97 |
| Feb, 2025 | 9 | $786.84 | $167.30 | $150.00 | $1,104.14 | $158,523.67 |
| Mar, 2025 | 10 | $786.01 | $168.13 | $150.00 | $1,104.14 | $158,355.54 |
| Apr, 2025 | 11 | $785.18 | $168.96 | $150.00 | $1,104.14 | $158,186.57 |
| May, 2025 | 12 | $784.34 | $169.80 | $150.00 | $1,104.14 | $158,016.77 |
| Jun, 2025 | 13 | $783.50 | $170.64 | $150.00 | $1,104.14 | $157,846.13 |
| Jul, 2025 | 14 | $782.65 | $171.49 | $150.00 | $1,104.14 | $157,674.64 |
| Aug, 2025 | 15 | $781.80 | $172.34 | $150.00 | $1,104.14 | $157,502.30 |
| Sep, 2025 | 16 | $780.95 | $173.19 | $150.00 | $1,104.14 | $157,329.10 |
| Oct, 2025 | 17 | $780.09 | $174.05 | $150.00 | $1,104.14 | $157,155.05 |
| Nov, 2025 | 18 | $779.23 | $174.92 | $150.00 | $1,104.14 | $156,980.13 |
| Dec, 2025 | 19 | $778.36 | $175.78 | $150.00 | $1,104.14 | $156,804.35 |
| Jan, 2026 | 20 | $777.49 | $176.66 | $150.00 | $1,104.14 | $156,627.70 |
| Feb, 2026 | 21 | $776.61 | $177.53 | $150.00 | $1,104.14 | $156,450.16 |
| Mar, 2026 | 22 | $775.73 | $178.41 | $150.00 | $1,104.14 | $156,271.75 |
| Apr, 2026 | 23 | $774.85 | $179.30 | $150.00 | $1,104.14 | $156,092.46 |
| May, 2026 | 24 | $773.96 | $180.19 | $150.00 | $1,104.14 | $155,912.27 |
| Jun, 2026 | 25 | $773.07 | $181.08 | $150.00 | $1,104.14 | $155,731.19 |
| Jul, 2026 | 26 | $772.17 | $181.98 | $150.00 | $1,104.14 | $155,549.22 |
| Aug, 2026 | 27 | $771.26 | $182.88 | $150.00 | $1,104.14 | $155,366.34 |
| Sep, 2026 | 28 | $770.36 | $183.79 | $150.00 | $1,104.14 | $155,182.55 |
| Oct, 2026 | 29 | $769.45 | $184.70 | $150.00 | $1,104.14 | $154,997.86 |
| Nov, 2026 | 30 | $768.53 | $185.61 | $150.00 | $1,104.14 | $154,812.24 |
| Dec, 2026 | 31 | $767.61 | $186.53 | $150.00 | $1,104.14 | $154,625.71 |
| Jan, 2027 | 32 | $766.69 | $187.46 | $150.00 | $1,104.14 | $154,438.25 |
| Feb, 2027 | 33 | $765.76 | $188.39 | $150.00 | $1,104.14 | $154,249.87 |
| Mar, 2027 | 34 | $764.82 | $189.32 | $150.00 | $1,104.14 | $154,060.54 |
| Apr, 2027 | 35 | $763.88 | $190.26 | $150.00 | $1,104.14 | $153,870.28 |
| May, 2027 | 36 | $762.94 | $191.20 | $150.00 | $1,104.14 | $153,679.08 |
| Jun, 2027 | 37 | $761.99 | $192.15 | $150.00 | $1,104.14 | $153,486.93 |
| Jul, 2027 | 38 | $761.04 | $193.10 | $150.00 | $1,104.14 | $153,293.83 |
| Aug, 2027 | 39 | $760.08 | $194.06 | $150.00 | $1,104.14 | $153,099.76 |
| Sep, 2027 | 40 | $759.12 | $195.02 | $150.00 | $1,104.14 | $152,904.74 |
| Oct, 2027 | 41 | $758.15 | $195.99 | $150.00 | $1,104.14 | $152,708.75 |
| Nov, 2027 | 42 | $757.18 | $196.96 | $150.00 | $1,104.14 | $152,511.79 |
| Dec, 2027 | 43 | $756.20 | $197.94 | $150.00 | $1,104.14 | $152,313.85 |
| Jan, 2028 | 44 | $755.22 | $198.92 | $150.00 | $1,104.14 | $152,114.93 |
| Feb, 2028 | 45 | $754.24 | $199.91 | $150.00 | $1,104.14 | $151,915.02 |
| Mar, 2028 | 46 | $753.25 | $200.90 | $150.00 | $1,104.14 | $151,714.12 |
| Apr, 2028 | 47 | $752.25 | $201.89 | $150.00 | $1,104.14 | $151,512.23 |
| May, 2028 | 48 | $751.25 | $202.90 | $150.00 | $1,104.14 | $151,309.33 |
| Jun, 2028 | 49 | $750.24 | $203.90 | $150.00 | $1,104.14 | $151,105.43 |
| Jul, 2028 | 50 | $749.23 | $204.91 | $150.00 | $1,104.14 | $150,900.52 |
| Aug, 2028 | 51 | $748.22 | $205.93 | $150.00 | $1,104.14 | $150,694.59 |
| Sep, 2028 | 52 | $747.19 | $206.95 | $150.00 | $1,104.14 | $150,487.64 |
| Oct, 2028 | 53 | $746.17 | $207.98 | $150.00 | $1,104.14 | $150,279.66 |
| Nov, 2028 | 54 | $745.14 | $209.01 | $150.00 | $1,104.14 | $150,070.66 |
| Dec, 2028 | 55 | $744.10 | $210.04 | $150.00 | $1,104.14 | $149,860.61 |
| Jan, 2029 | 56 | $743.06 | $211.08 | $150.00 | $1,104.14 | $149,649.53 |
| Feb, 2029 | 57 | $742.01 | $212.13 | $150.00 | $1,104.14 | $149,437.40 |
| Mar, 2029 | 58 | $740.96 | $213.18 | $150.00 | $1,104.14 | $149,224.21 |
| Apr, 2029 | 59 | $739.90 | $214.24 | $150.00 | $1,104.14 | $149,009.97 |
| May, 2029 | 60 | $738.84 | $215.30 | $150.00 | $1,104.14 | $148,794.67 |
| Jun, 2029 | 61 | $737.77 | $216.37 | $150.00 | $1,104.14 | $148,578.30 |
| Jul, 2029 | 62 | $736.70 | $217.44 | $150.00 | $1,104.14 | $148,360.86 |
| Aug, 2029 | 63 | $735.62 | $218.52 | $150.00 | $1,104.14 | $148,142.34 |
| Sep, 2029 | 64 | $734.54 | $219.60 | $150.00 | $1,104.14 | $147,922.73 |
| Oct, 2029 | 65 | $733.45 | $220.69 | $150.00 | $1,104.14 | $147,702.04 |
| Nov, 2029 | 66 | $732.36 | $221.79 | $150.00 | $1,104.14 | $147,480.25 |
| Dec, 2029 | 67 | $731.26 | $222.89 | $150.00 | $1,104.14 | $147,257.37 |
| Jan, 2030 | 68 | $730.15 | $223.99 | $150.00 | $1,104.14 | $147,033.37 |
| Feb, 2030 | 69 | $729.04 | $225.10 | $150.00 | $1,104.14 | $146,808.27 |
| Mar, 2030 | 70 | $727.92 | $226.22 | $150.00 | $1,104.14 | $146,582.05 |
| Apr, 2030 | 71 | $726.80 | $227.34 | $150.00 | $1,104.14 | $146,354.71 |
| May, 2030 | 72 | $725.68 | $228.47 | $150.00 | $1,104.14 | $146,126.24 |
| Jun, 2030 | 73 | $724.54 | $229.60 | $150.00 | $1,104.14 | $145,896.64 |
| Jul, 2030 | 74 | $723.40 | $230.74 | $150.00 | $1,104.14 | $145,665.90 |
| Aug, 2030 | 75 | $722.26 | $231.88 | $150.00 | $1,104.14 | $145,434.02 |
| Sep, 2030 | 76 | $721.11 | $233.03 | $150.00 | $1,104.14 | $145,200.98 |
| Oct, 2030 | 77 | $719.95 | $234.19 | $150.00 | $1,104.14 | $144,966.80 |
| Nov, 2030 | 78 | $718.79 | $235.35 | $150.00 | $1,104.14 | $144,731.45 |
| Dec, 2030 | 79 | $717.63 | $236.52 | $150.00 | $1,104.14 | $144,494.93 |
| Jan, 2031 | 80 | $716.45 | $237.69 | $150.00 | $1,104.14 | $144,257.24 |
| Feb, 2031 | 81 | $715.28 | $238.87 | $150.00 | $1,104.14 | $144,018.37 |
| Mar, 2031 | 82 | $714.09 | $240.05 | $150.00 | $1,104.14 | $143,778.32 |
| Apr, 2031 | 83 | $712.90 | $241.24 | $150.00 | $1,104.14 | $143,537.08 |
| May, 2031 | 84 | $711.70 | $242.44 | $150.00 | $1,104.14 | $143,294.64 |
| Jun, 2031 | 85 | $710.50 | $243.64 | $150.00 | $1,104.14 | $143,051.00 |
| Jul, 2031 | 86 | $709.29 | $244.85 | $150.00 | $1,104.14 | $142,806.15 |
| Aug, 2031 | 87 | $708.08 | $246.06 | $150.00 | $1,104.14 | $142,560.08 |
| Sep, 2031 | 88 | $706.86 | $247.28 | $150.00 | $1,104.14 | $142,312.80 |
| Oct, 2031 | 89 | $705.63 | $248.51 | $150.00 | $1,104.14 | $142,064.29 |
| Nov, 2031 | 90 | $704.40 | $249.74 | $150.00 | $1,104.14 | $141,814.55 |
| Dec, 2031 | 91 | $703.16 | $250.98 | $150.00 | $1,104.14 | $141,563.57 |
| Jan, 2032 | 92 | $701.92 | $252.22 | $150.00 | $1,104.14 | $141,311.35 |
| Feb, 2032 | 93 | $700.67 | $253.47 | $150.00 | $1,104.14 | $141,057.87 |
| Mar, 2032 | 94 | $699.41 | $254.73 | $150.00 | $1,104.14 | $140,803.14 |
| Apr, 2032 | 95 | $698.15 | $255.99 | $150.00 | $1,104.14 | $140,547.15 |
| May, 2032 | 96 | $696.88 | $257.26 | $150.00 | $1,104.14 | $140,289.88 |
| Jun, 2032 | 97 | $695.60 | $258.54 | $150.00 | $1,104.14 | $140,031.34 |
| Jul, 2032 | 98 | $694.32 | $259.82 | $150.00 | $1,104.14 | $139,771.52 |
| Aug, 2032 | 99 | $693.03 | $261.11 | $150.00 | $1,104.14 | $139,510.41 |
| Sep, 2032 | 100 | $691.74 | $262.40 | $150.00 | $1,104.14 | $139,248.01 |
| Oct, 2032 | 101 | $690.44 | $263.71 | $150.00 | $1,104.14 | $138,984.30 |
| Nov, 2032 | 102 | $689.13 | $265.01 | $150.00 | $1,104.14 | $138,719.29 |
| Dec, 2032 | 103 | $687.82 | $266.33 | $150.00 | $1,104.14 | $138,452.96 |
| Jan, 2033 | 104 | $686.50 | $267.65 | $150.00 | $1,104.14 | $138,185.31 |
| Feb, 2033 | 105 | $685.17 | $268.97 | $150.00 | $1,104.14 | $137,916.34 |
| Mar, 2033 | 106 | $683.84 | $270.31 | $150.00 | $1,104.14 | $137,646.03 |
| Apr, 2033 | 107 | $682.49 | $271.65 | $150.00 | $1,104.14 | $137,374.38 |
| May, 2033 | 108 | $681.15 | $273.00 | $150.00 | $1,104.14 | $137,101.39 |
| Jun, 2033 | 109 | $679.79 | $274.35 | $150.00 | $1,104.14 | $136,827.04 |
| Jul, 2033 | 110 | $678.43 | $275.71 | $150.00 | $1,104.14 | $136,551.33 |
| Aug, 2033 | 111 | $677.07 | $277.08 | $150.00 | $1,104.14 | $136,274.25 |
| Sep, 2033 | 112 | $675.69 | $278.45 | $150.00 | $1,104.14 | $135,995.80 |
| Oct, 2033 | 113 | $674.31 | $279.83 | $150.00 | $1,104.14 | $135,715.97 |
| Nov, 2033 | 114 | $672.93 | $281.22 | $150.00 | $1,104.14 | $135,434.75 |
| Dec, 2033 | 115 | $671.53 | $282.61 | $150.00 | $1,104.14 | $135,152.14 |
| Jan, 2034 | 116 | $670.13 | $284.01 | $150.00 | $1,104.14 | $134,868.12 |
| Feb, 2034 | 117 | $668.72 | $285.42 | $150.00 | $1,104.14 | $134,582.70 |
| Mar, 2034 | 118 | $667.31 | $286.84 | $150.00 | $1,104.14 | $134,295.86 |
| Apr, 2034 | 119 | $665.88 | $288.26 | $150.00 | $1,104.14 | $134,007.60 |
| May, 2034 | 120 | $664.45 | $289.69 | $150.00 | $1,104.14 | $133,717.92 |
| Jun, 2034 | 121 | $663.02 | $291.13 | $150.00 | $1,104.14 | $133,426.79 |
| Jul, 2034 | 122 | $661.57 | $292.57 | $150.00 | $1,104.14 | $133,134.22 |
| Aug, 2034 | 123 | $660.12 | $294.02 | $150.00 | $1,104.14 | $132,840.20 |
| Sep, 2034 | 124 | $658.67 | $295.48 | $150.00 | $1,104.14 | $132,544.72 |
| Oct, 2034 | 125 | $657.20 | $296.94 | $150.00 | $1,104.14 | $132,247.78 |
| Nov, 2034 | 126 | $655.73 | $298.41 | $150.00 | $1,104.14 | $131,949.37 |
| Dec, 2034 | 127 | $654.25 | $299.89 | $150.00 | $1,104.14 | $131,649.47 |
| Jan, 2035 | 128 | $652.76 | $301.38 | $150.00 | $1,104.14 | $131,348.09 |
| Feb, 2035 | 129 | $651.27 | $302.88 | $150.00 | $1,104.14 | $131,045.21 |
| Mar, 2035 | 130 | $649.77 | $304.38 | $150.00 | $1,104.14 | $130,740.84 |
| Apr, 2035 | 131 | $648.26 | $305.89 | $150.00 | $1,104.14 | $130,434.95 |
| May, 2035 | 132 | $646.74 | $307.40 | $150.00 | $1,104.14 | $130,127.55 |
| Jun, 2035 | 133 | $645.22 | $308.93 | $150.00 | $1,104.14 | $129,818.62 |
| Jul, 2035 | 134 | $643.68 | $310.46 | $150.00 | $1,104.14 | $129,508.16 |
| Aug, 2035 | 135 | $642.14 | $312.00 | $150.00 | $1,104.14 | $129,196.16 |
| Sep, 2035 | 136 | $640.60 | $313.55 | $150.00 | $1,104.14 | $128,882.61 |
| Oct, 2035 | 137 | $639.04 | $315.10 | $150.00 | $1,104.14 | $128,567.51 |
| Nov, 2035 | 138 | $637.48 | $316.66 | $150.00 | $1,104.14 | $128,250.85 |
| Dec, 2035 | 139 | $635.91 | $318.23 | $150.00 | $1,104.14 | $127,932.62 |
| Jan, 2036 | 140 | $634.33 | $319.81 | $150.00 | $1,104.14 | $127,612.81 |
| Feb, 2036 | 141 | $632.75 | $321.40 | $150.00 | $1,104.14 | $127,291.41 |
| Mar, 2036 | 142 | $631.15 | $322.99 | $150.00 | $1,104.14 | $126,968.42 |
| Apr, 2036 | 143 | $629.55 | $324.59 | $150.00 | $1,104.14 | $126,643.83 |
| May, 2036 | 144 | $627.94 | $326.20 | $150.00 | $1,104.14 | $126,317.63 |
| Jun, 2036 | 145 | $626.32 | $327.82 | $150.00 | $1,104.14 | $125,989.81 |
| Jul, 2036 | 146 | $624.70 | $329.44 | $150.00 | $1,104.14 | $125,660.36 |
| Aug, 2036 | 147 | $623.07 | $331.08 | $150.00 | $1,104.14 | $125,329.28 |
| Sep, 2036 | 148 | $621.42 | $332.72 | $150.00 | $1,104.14 | $124,996.57 |
| Oct, 2036 | 149 | $619.77 | $334.37 | $150.00 | $1,104.14 | $124,662.20 |
| Nov, 2036 | 150 | $618.12 | $336.03 | $150.00 | $1,104.14 | $124,326.17 |
| Dec, 2036 | 151 | $616.45 | $337.69 | $150.00 | $1,104.14 | $123,988.48 |
| Jan, 2037 | 152 | $614.78 | $339.37 | $150.00 | $1,104.14 | $123,649.11 |
| Feb, 2037 | 153 | $613.09 | $341.05 | $150.00 | $1,104.14 | $123,308.06 |
| Mar, 2037 | 154 | $611.40 | $342.74 | $150.00 | $1,104.14 | $122,965.32 |
| Apr, 2037 | 155 | $609.70 | $344.44 | $150.00 | $1,104.14 | $122,620.88 |
| May, 2037 | 156 | $608.00 | $346.15 | $150.00 | $1,104.14 | $122,274.73 |
| Jun, 2037 | 157 | $606.28 | $347.86 | $150.00 | $1,104.14 | $121,926.87 |
| Jul, 2037 | 158 | $604.55 | $349.59 | $150.00 | $1,104.14 | $121,577.28 |
| Aug, 2037 | 159 | $602.82 | $351.32 | $150.00 | $1,104.14 | $121,225.95 |
| Sep, 2037 | 160 | $601.08 | $353.06 | $150.00 | $1,104.14 | $120,872.89 |
| Oct, 2037 | 161 | $599.33 | $354.82 | $150.00 | $1,104.14 | $120,518.07 |
| Nov, 2037 | 162 | $597.57 | $356.57 | $150.00 | $1,104.14 | $120,161.50 |
| Dec, 2037 | 163 | $595.80 | $358.34 | $150.00 | $1,104.14 | $119,803.15 |
| Jan, 2038 | 164 | $594.02 | $360.12 | $150.00 | $1,104.14 | $119,443.04 |
| Feb, 2038 | 165 | $592.24 | $361.91 | $150.00 | $1,104.14 | $119,081.13 |
| Mar, 2038 | 166 | $590.44 | $363.70 | $150.00 | $1,104.14 | $118,717.43 |
| Apr, 2038 | 167 | $588.64 | $365.50 | $150.00 | $1,104.14 | $118,351.93 |
| May, 2038 | 168 | $586.83 | $367.32 | $150.00 | $1,104.14 | $117,984.61 |
| Jun, 2038 | 169 | $585.01 | $369.14 | $150.00 | $1,104.14 | $117,615.48 |
| Jul, 2038 | 170 | $583.18 | $370.97 | $150.00 | $1,104.14 | $117,244.51 |
| Aug, 2038 | 171 | $581.34 | $372.81 | $150.00 | $1,104.14 | $116,871.70 |
| Sep, 2038 | 172 | $579.49 | $374.65 | $150.00 | $1,104.14 | $116,497.05 |
| Oct, 2038 | 173 | $577.63 | $376.51 | $150.00 | $1,104.14 | $116,120.54 |
| Nov, 2038 | 174 | $575.76 | $378.38 | $150.00 | $1,104.14 | $115,742.16 |
| Dec, 2038 | 175 | $573.89 | $380.26 | $150.00 | $1,104.14 | $115,361.90 |
| Jan, 2039 | 176 | $572.00 | $382.14 | $150.00 | $1,104.14 | $114,979.76 |
| Feb, 2039 | 177 | $570.11 | $384.04 | $150.00 | $1,104.14 | $114,595.72 |
| Mar, 2039 | 178 | $568.20 | $385.94 | $150.00 | $1,104.14 | $114,209.79 |
| Apr, 2039 | 179 | $566.29 | $387.85 | $150.00 | $1,104.14 | $113,821.93 |
| May, 2039 | 180 | $564.37 | $389.78 | $150.00 | $1,104.14 | $113,432.16 |
| Jun, 2039 | 181 | $562.43 | $391.71 | $150.00 | $1,104.14 | $113,040.45 |
| Jul, 2039 | 182 | $560.49 | $393.65 | $150.00 | $1,104.14 | $112,646.79 |
| Aug, 2039 | 183 | $558.54 | $395.60 | $150.00 | $1,104.14 | $112,251.19 |
| Sep, 2039 | 184 | $556.58 | $397.56 | $150.00 | $1,104.14 | $111,853.63 |
| Oct, 2039 | 185 | $554.61 | $399.54 | $150.00 | $1,104.14 | $111,454.09 |
| Nov, 2039 | 186 | $552.63 | $401.52 | $150.00 | $1,104.14 | $111,052.57 |
| Dec, 2039 | 187 | $550.64 | $403.51 | $150.00 | $1,104.14 | $110,649.07 |
| Jan, 2040 | 188 | $548.63 | $405.51 | $150.00 | $1,104.14 | $110,243.56 |
| Feb, 2040 | 189 | $546.62 | $407.52 | $150.00 | $1,104.14 | $109,836.04 |
| Mar, 2040 | 190 | $544.60 | $409.54 | $150.00 | $1,104.14 | $109,426.50 |
| Apr, 2040 | 191 | $542.57 | $411.57 | $150.00 | $1,104.14 | $109,014.93 |
| May, 2040 | 192 | $540.53 | $413.61 | $150.00 | $1,104.14 | $108,601.32 |
| Jun, 2040 | 193 | $538.48 | $415.66 | $150.00 | $1,104.14 | $108,185.65 |
| Jul, 2040 | 194 | $536.42 | $417.72 | $150.00 | $1,104.14 | $107,767.93 |
| Aug, 2040 | 195 | $534.35 | $419.79 | $150.00 | $1,104.14 | $107,348.14 |
| Sep, 2040 | 196 | $532.27 | $421.88 | $150.00 | $1,104.14 | $106,926.26 |
| Oct, 2040 | 197 | $530.18 | $423.97 | $150.00 | $1,104.14 | $106,502.29 |
| Nov, 2040 | 198 | $528.07 | $426.07 | $150.00 | $1,104.14 | $106,076.22 |
| Dec, 2040 | 199 | $525.96 | $428.18 | $150.00 | $1,104.14 | $105,648.04 |
| Jan, 2041 | 200 | $523.84 | $430.31 | $150.00 | $1,104.14 | $105,217.74 |
| Feb, 2041 | 201 | $521.70 | $432.44 | $150.00 | $1,104.14 | $104,785.30 |
| Mar, 2041 | 202 | $519.56 | $434.58 | $150.00 | $1,104.14 | $104,350.71 |
| Apr, 2041 | 203 | $517.41 | $436.74 | $150.00 | $1,104.14 | $103,913.98 |
| May, 2041 | 204 | $515.24 | $438.90 | $150.00 | $1,104.14 | $103,475.07 |
| Jun, 2041 | 205 | $513.06 | $441.08 | $150.00 | $1,104.14 | $103,033.99 |
| Jul, 2041 | 206 | $510.88 | $443.27 | $150.00 | $1,104.14 | $102,590.73 |
| Aug, 2041 | 207 | $508.68 | $445.46 | $150.00 | $1,104.14 | $102,145.26 |
| Sep, 2041 | 208 | $506.47 | $447.67 | $150.00 | $1,104.14 | $101,697.59 |
| Oct, 2041 | 209 | $504.25 | $449.89 | $150.00 | $1,104.14 | $101,247.70 |
| Nov, 2041 | 210 | $502.02 | $452.12 | $150.00 | $1,104.14 | $100,795.57 |
| Dec, 2041 | 211 | $499.78 | $454.37 | $150.00 | $1,104.14 | $100,341.21 |
| Jan, 2042 | 212 | $497.53 | $456.62 | $150.00 | $1,104.14 | $99,884.59 |
| Feb, 2042 | 213 | $495.26 | $458.88 | $150.00 | $1,104.14 | $99,425.71 |
| Mar, 2042 | 214 | $492.99 | $461.16 | $150.00 | $1,104.14 | $98,964.55 |
| Apr, 2042 | 215 | $490.70 | $463.44 | $150.00 | $1,104.14 | $98,501.10 |
| May, 2042 | 216 | $488.40 | $465.74 | $150.00 | $1,104.14 | $98,035.36 |
| Jun, 2042 | 217 | $486.09 | $468.05 | $150.00 | $1,104.14 | $97,567.31 |
| Jul, 2042 | 218 | $483.77 | $470.37 | $150.00 | $1,104.14 | $97,096.94 |
| Aug, 2042 | 219 | $481.44 | $472.70 | $150.00 | $1,104.14 | $96,624.23 |
| Sep, 2042 | 220 | $479.10 | $475.05 | $150.00 | $1,104.14 | $96,149.19 |
| Oct, 2042 | 221 | $476.74 | $477.40 | $150.00 | $1,104.14 | $95,671.78 |
| Nov, 2042 | 222 | $474.37 | $479.77 | $150.00 | $1,104.14 | $95,192.01 |
| Dec, 2042 | 223 | $471.99 | $482.15 | $150.00 | $1,104.14 | $94,709.86 |
| Jan, 2043 | 224 | $469.60 | $484.54 | $150.00 | $1,104.14 | $94,225.32 |
| Feb, 2043 | 225 | $467.20 | $486.94 | $150.00 | $1,104.14 | $93,738.38 |
| Mar, 2043 | 226 | $464.79 | $489.36 | $150.00 | $1,104.14 | $93,249.02 |
| Apr, 2043 | 227 | $462.36 | $491.78 | $150.00 | $1,104.14 | $92,757.24 |
| May, 2043 | 228 | $459.92 | $494.22 | $150.00 | $1,104.14 | $92,263.01 |
| Jun, 2043 | 229 | $457.47 | $496.67 | $150.00 | $1,104.14 | $91,766.34 |
| Jul, 2043 | 230 | $455.01 | $499.14 | $150.00 | $1,104.14 | $91,267.21 |
| Aug, 2043 | 231 | $452.53 | $501.61 | $150.00 | $1,104.14 | $90,765.60 |
| Sep, 2043 | 232 | $450.05 | $504.10 | $150.00 | $1,104.14 | $90,261.50 |
| Oct, 2043 | 233 | $447.55 | $506.60 | $150.00 | $1,104.14 | $89,754.90 |
| Nov, 2043 | 234 | $445.03 | $509.11 | $150.00 | $1,104.14 | $89,245.79 |
| Dec, 2043 | 235 | $442.51 | $511.63 | $150.00 | $1,104.14 | $88,734.16 |
| Jan, 2044 | 236 | $439.97 | $514.17 | $150.00 | $1,104.14 | $88,219.99 |
| Feb, 2044 | 237 | $437.42 | $516.72 | $150.00 | $1,104.14 | $87,703.27 |
| Mar, 2044 | 238 | $434.86 | $519.28 | $150.00 | $1,104.14 | $87,183.99 |
| Apr, 2044 | 239 | $432.29 | $521.86 | $150.00 | $1,104.14 | $86,662.13 |
| May, 2044 | 240 | $429.70 | $524.44 | $150.00 | $1,104.14 | $86,137.69 |
| Jun, 2044 | 241 | $427.10 | $527.04 | $150.00 | $1,104.14 | $85,610.64 |
| Jul, 2044 | 242 | $424.49 | $529.66 | $150.00 | $1,104.14 | $85,080.99 |
| Aug, 2044 | 243 | $421.86 | $532.28 | $150.00 | $1,104.14 | $84,548.70 |
| Sep, 2044 | 244 | $419.22 | $534.92 | $150.00 | $1,104.14 | $84,013.78 |
| Oct, 2044 | 245 | $416.57 | $537.58 | $150.00 | $1,104.14 | $83,476.20 |
| Nov, 2044 | 246 | $413.90 | $540.24 | $150.00 | $1,104.14 | $82,935.96 |
| Dec, 2044 | 247 | $411.22 | $542.92 | $150.00 | $1,104.14 | $82,393.04 |
| Jan, 2045 | 248 | $408.53 | $545.61 | $150.00 | $1,104.14 | $81,847.43 |
| Feb, 2045 | 249 | $405.83 | $548.32 | $150.00 | $1,104.14 | $81,299.12 |
| Mar, 2045 | 250 | $403.11 | $551.04 | $150.00 | $1,104.14 | $80,748.08 |
| Apr, 2045 | 251 | $400.38 | $553.77 | $150.00 | $1,104.14 | $80,194.31 |
| May, 2045 | 252 | $397.63 | $556.51 | $150.00 | $1,104.14 | $79,637.80 |
| Jun, 2045 | 253 | $394.87 | $559.27 | $150.00 | $1,104.14 | $79,078.53 |
| Jul, 2045 | 254 | $392.10 | $562.05 | $150.00 | $1,104.14 | $78,516.48 |
| Aug, 2045 | 255 | $389.31 | $564.83 | $150.00 | $1,104.14 | $77,951.65 |
| Sep, 2045 | 256 | $386.51 | $567.63 | $150.00 | $1,104.14 | $77,384.02 |
| Oct, 2045 | 257 | $383.70 | $570.45 | $150.00 | $1,104.14 | $76,813.57 |
| Nov, 2045 | 258 | $380.87 | $573.28 | $150.00 | $1,104.14 | $76,240.29 |
| Dec, 2045 | 259 | $378.02 | $576.12 | $150.00 | $1,104.14 | $75,664.17 |
| Jan, 2046 | 260 | $375.17 | $578.98 | $150.00 | $1,104.14 | $75,085.20 |
| Feb, 2046 | 261 | $372.30 | $581.85 | $150.00 | $1,104.14 | $74,503.35 |
| Mar, 2046 | 262 | $369.41 | $584.73 | $150.00 | $1,104.14 | $73,918.62 |
| Apr, 2046 | 263 | $366.51 | $587.63 | $150.00 | $1,104.14 | $73,330.99 |
| May, 2046 | 264 | $363.60 | $590.54 | $150.00 | $1,104.14 | $72,740.45 |
| Jun, 2046 | 265 | $360.67 | $593.47 | $150.00 | $1,104.14 | $72,146.97 |
| Jul, 2046 | 266 | $357.73 | $596.41 | $150.00 | $1,104.14 | $71,550.56 |
| Aug, 2046 | 267 | $354.77 | $599.37 | $150.00 | $1,104.14 | $70,951.19 |
| Sep, 2046 | 268 | $351.80 | $602.34 | $150.00 | $1,104.14 | $70,348.84 |
| Oct, 2046 | 269 | $348.81 | $605.33 | $150.00 | $1,104.14 | $69,743.51 |
| Nov, 2046 | 270 | $345.81 | $608.33 | $150.00 | $1,104.14 | $69,135.18 |
| Dec, 2046 | 271 | $342.80 | $611.35 | $150.00 | $1,104.14 | $68,523.83 |
| Jan, 2047 | 272 | $339.76 | $614.38 | $150.00 | $1,104.14 | $67,909.45 |
| Feb, 2047 | 273 | $336.72 | $617.43 | $150.00 | $1,104.14 | $67,292.03 |
| Mar, 2047 | 274 | $333.66 | $620.49 | $150.00 | $1,104.14 | $66,671.54 |
| Apr, 2047 | 275 | $330.58 | $623.56 | $150.00 | $1,104.14 | $66,047.98 |
| May, 2047 | 276 | $327.49 | $626.66 | $150.00 | $1,104.14 | $65,421.32 |
| Jun, 2047 | 277 | $324.38 | $629.76 | $150.00 | $1,104.14 | $64,791.56 |
| Jul, 2047 | 278 | $321.26 | $632.89 | $150.00 | $1,104.14 | $64,158.67 |
| Aug, 2047 | 279 | $318.12 | $636.02 | $150.00 | $1,104.14 | $63,522.65 |
| Sep, 2047 | 280 | $314.97 | $639.18 | $150.00 | $1,104.14 | $62,883.47 |
| Oct, 2047 | 281 | $311.80 | $642.35 | $150.00 | $1,104.14 | $62,241.12 |
| Nov, 2047 | 282 | $308.61 | $645.53 | $150.00 | $1,104.14 | $61,595.59 |
| Dec, 2047 | 283 | $305.41 | $648.73 | $150.00 | $1,104.14 | $60,946.86 |
| Jan, 2048 | 284 | $302.19 | $651.95 | $150.00 | $1,104.14 | $60,294.91 |
| Feb, 2048 | 285 | $298.96 | $655.18 | $150.00 | $1,104.14 | $59,639.73 |
| Mar, 2048 | 286 | $295.71 | $658.43 | $150.00 | $1,104.14 | $58,981.30 |
| Apr, 2048 | 287 | $292.45 | $661.69 | $150.00 | $1,104.14 | $58,319.61 |
| May, 2048 | 288 | $289.17 | $664.98 | $150.00 | $1,104.14 | $57,654.63 |
| Jun, 2048 | 289 | $285.87 | $668.27 | $150.00 | $1,104.14 | $56,986.36 |
| Jul, 2048 | 290 | $282.56 | $671.59 | $150.00 | $1,104.14 | $56,314.77 |
| Aug, 2048 | 291 | $279.23 | $674.92 | $150.00 | $1,104.14 | $55,639.86 |
| Sep, 2048 | 292 | $275.88 | $678.26 | $150.00 | $1,104.14 | $54,961.59 |
| Oct, 2048 | 293 | $272.52 | $681.63 | $150.00 | $1,104.14 | $54,279.97 |
| Nov, 2048 | 294 | $269.14 | $685.01 | $150.00 | $1,104.14 | $53,594.96 |
| Dec, 2048 | 295 | $265.74 | $688.40 | $150.00 | $1,104.14 | $52,906.56 |
| Jan, 2049 | 296 | $262.33 | $691.82 | $150.00 | $1,104.14 | $52,214.75 |
| Feb, 2049 | 297 | $258.90 | $695.25 | $150.00 | $1,104.14 | $51,519.50 |
| Mar, 2049 | 298 | $255.45 | $698.69 | $150.00 | $1,104.14 | $50,820.81 |
| Apr, 2049 | 299 | $251.99 | $702.16 | $150.00 | $1,104.14 | $50,118.65 |
| May, 2049 | 300 | $248.50 | $705.64 | $150.00 | $1,104.14 | $49,413.01 |
| Jun, 2049 | 301 | $245.01 | $709.14 | $150.00 | $1,104.14 | $48,703.87 |
| Jul, 2049 | 302 | $241.49 | $712.65 | $150.00 | $1,104.14 | $47,991.22 |
| Aug, 2049 | 303 | $237.96 | $716.19 | $150.00 | $1,104.14 | $47,275.03 |
| Sep, 2049 | 304 | $234.41 | $719.74 | $150.00 | $1,104.14 | $46,555.30 |
| Oct, 2049 | 305 | $230.84 | $723.31 | $150.00 | $1,104.14 | $45,831.99 |
| Nov, 2049 | 306 | $227.25 | $726.89 | $150.00 | $1,104.14 | $45,105.10 |
| Dec, 2049 | 307 | $223.65 | $730.50 | $150.00 | $1,104.14 | $44,374.60 |
| Jan, 2050 | 308 | $220.02 | $734.12 | $150.00 | $1,104.14 | $43,640.48 |
| Feb, 2050 | 309 | $216.38 | $737.76 | $150.00 | $1,104.14 | $42,902.72 |
| Mar, 2050 | 310 | $212.73 | $741.42 | $150.00 | $1,104.14 | $42,161.30 |
| Apr, 2050 | 311 | $209.05 | $745.09 | $150.00 | $1,104.14 | $41,416.21 |
| May, 2050 | 312 | $205.36 | $748.79 | $150.00 | $1,104.14 | $40,667.42 |
| Jun, 2050 | 313 | $201.64 | $752.50 | $150.00 | $1,104.14 | $39,914.92 |
| Jul, 2050 | 314 | $197.91 | $756.23 | $150.00 | $1,104.14 | $39,158.69 |
| Aug, 2050 | 315 | $194.16 | $759.98 | $150.00 | $1,104.14 | $38,398.70 |
| Sep, 2050 | 316 | $190.39 | $763.75 | $150.00 | $1,104.14 | $37,634.95 |
| Oct, 2050 | 317 | $186.61 | $767.54 | $150.00 | $1,104.14 | $36,867.42 |
| Nov, 2050 | 318 | $182.80 | $771.34 | $150.00 | $1,104.14 | $36,096.08 |
| Dec, 2050 | 319 | $178.98 | $775.17 | $150.00 | $1,104.14 | $35,320.91 |
| Jan, 2051 | 320 | $175.13 | $779.01 | $150.00 | $1,104.14 | $34,541.90 |
| Feb, 2051 | 321 | $171.27 | $782.87 | $150.00 | $1,104.14 | $33,759.02 |
| Mar, 2051 | 322 | $167.39 | $786.76 | $150.00 | $1,104.14 | $32,972.27 |
| Apr, 2051 | 323 | $163.49 | $790.66 | $150.00 | $1,104.14 | $32,181.61 |
| May, 2051 | 324 | $159.57 | $794.58 | $150.00 | $1,104.14 | $31,387.04 |
| Jun, 2051 | 325 | $155.63 | $798.52 | $150.00 | $1,104.14 | $30,588.52 |
| Jul, 2051 | 326 | $151.67 | $802.48 | $150.00 | $1,104.14 | $29,786.04 |
| Aug, 2051 | 327 | $147.69 | $806.45 | $150.00 | $1,104.14 | $28,979.59 |
| Sep, 2051 | 328 | $143.69 | $810.45 | $150.00 | $1,104.14 | $28,169.14 |
| Oct, 2051 | 329 | $139.67 | $814.47 | $150.00 | $1,104.14 | $27,354.67 |
| Nov, 2051 | 330 | $135.63 | $818.51 | $150.00 | $1,104.14 | $26,536.16 |
| Dec, 2051 | 331 | $131.58 | $822.57 | $150.00 | $1,104.14 | $25,713.59 |
| Jan, 2052 | 332 | $127.50 | $826.65 | $150.00 | $1,104.14 | $24,886.94 |
| Feb, 2052 | 333 | $123.40 | $830.75 | $150.00 | $1,104.14 | $24,056.19 |
| Mar, 2052 | 334 | $119.28 | $834.86 | $150.00 | $1,104.14 | $23,221.33 |
| Apr, 2052 | 335 | $115.14 | $839.00 | $150.00 | $1,104.14 | $22,382.33 |
| May, 2052 | 336 | $110.98 | $843.16 | $150.00 | $1,104.14 | $21,539.16 |
| Jun, 2052 | 337 | $106.80 | $847.35 | $150.00 | $1,104.14 | $20,691.82 |
| Jul, 2052 | 338 | $102.60 | $851.55 | $150.00 | $1,104.14 | $19,840.27 |
| Aug, 2052 | 339 | $98.37 | $855.77 | $150.00 | $1,104.14 | $18,984.50 |
| Sep, 2052 | 340 | $94.13 | $860.01 | $150.00 | $1,104.14 | $18,124.49 |
| Oct, 2052 | 341 | $89.87 | $864.28 | $150.00 | $1,104.14 | $17,260.21 |
| Nov, 2052 | 342 | $85.58 | $868.56 | $150.00 | $1,104.14 | $16,391.65 |
| Dec, 2052 | 343 | $81.28 | $872.87 | $150.00 | $1,104.14 | $15,518.78 |
| Jan, 2053 | 344 | $76.95 | $877.20 | $150.00 | $1,104.14 | $14,641.59 |
| Feb, 2053 | 345 | $72.60 | $881.55 | $150.00 | $1,104.14 | $13,760.04 |
| Mar, 2053 | 346 | $68.23 | $885.92 | $150.00 | $1,104.14 | $12,874.12 |
| Apr, 2053 | 347 | $63.83 | $890.31 | $150.00 | $1,104.14 | $11,983.81 |
| May, 2053 | 348 | $59.42 | $894.72 | $150.00 | $1,104.14 | $11,089.09 |
| Jun, 2053 | 349 | $54.98 | $899.16 | $150.00 | $1,104.14 | $10,189.93 |
| Jul, 2053 | 350 | $50.53 | $903.62 | $150.00 | $1,104.14 | $9,286.31 |
| Aug, 2053 | 351 | $46.04 | $908.10 | $150.00 | $1,104.14 | $8,378.21 |
| Sep, 2053 | 352 | $41.54 | $912.60 | $150.00 | $1,104.14 | $7,465.61 |
| Oct, 2053 | 353 | $37.02 | $917.13 | $150.00 | $1,104.14 | $6,548.48 |
| Nov, 2053 | 354 | $32.47 | $921.67 | $150.00 | $1,104.14 | $5,626.81 |
| Dec, 2053 | 355 | $27.90 | $926.24 | $150.00 | $1,104.14 | $4,700.57 |
| Jan, 2054 | 356 | $23.31 | $930.84 | $150.00 | $1,104.14 | $3,769.73 |
| Feb, 2054 | 357 | $18.69 | $935.45 | $150.00 | $1,104.14 | $2,834.28 |
| Mar, 2054 | 358 | $14.05 | $940.09 | $150.00 | $1,104.14 | $1,894.19 |
| Apr, 2054 | 359 | $9.39 | $944.75 | $150.00 | $1,104.14 | $949.44 |
| May, 2054 | 360 | $4.71 | $949.44 | $150.00 | $1,104.14 | $0.00 |
Compare Monthly vs. Bi-weekly | ||
| Payment Frequency | Monthly | Bi-weekly |
|---|---|---|
| Payments / Year | 12 | 26 |
| Each Payment | $1,104.14 | $546.30 |
| Total Extra Payments | $0.00 | $0.00 |
| Total Interest | $183,491.68 | $144,477.50 |
| Total Tax, Insurance, PMI & Fees | $54,000.00 | $44,100.00 |
| Total Payment | $437,491.68 | $388,577.50 | Total Savings | $0 | $48,914.18 |
| Payoff Date | May, 2054 | Nov, 2048 |
Condo mortgage calculator with HOA
The condo mortgage calculator has all the options you need to calculate your mortgage payments, such as extra payments, HOA fees, taxes and insurance, down payment options, and a condo amortization schedule.
What is a condo?
A condominium or condo is a unit within a large building. Condo owners need to pay a monthly homeowners association fee or the HOA. The homeowner association manages and maintains the common areas of the building shared by all condo owners.The HOA fees vary from condo to condo. Buyers should be aware of this fee and factor this into an additional cost to their mortgage.
Pros and cons of owning a condo
Following are some of the pros and cons of owning a condo.Pros of owning a condo
- Cheaper than a house - one of the main reasons many people choose a condo over a house is because a condo is much more affordable than a house in the same city.
- No exterior maintenance - there is no need to maintain the exterior as the HOA handles all of that. There is lawn mowing and landscaping.
- Community - a condo usually offers a closer community between neighbors than owning a house. For some people, it feels less lonely to live in a condo than in a house.
Cons of owning a condo
- Higher mortgage rates - the mortgage rates are higher for condo buyers than for single-family homes.
- Higher monthly costs - condo owners are required to pay HOA fees which adds extra costs for owners.
- Higher down payment - your lender might require you to put more as your down payment.
- More condo rules - there are rules that every condo owner has to follow. If you need to remodel your condo, you need to get permission from the condo association.
- Difficult to sell - condos are harder to sell than houses because it is harder to get a mortgage for a condo, and many people don't like the idea of paying monthly for HOA fees.
- Less privacy - since your neighbor is on the other side of the wall, there will be less privacy than if you were living in a single-family house.
- Conflicts with neighbors - there might be more conflicts between neighbors because each condo is so close to the other and shares a wall. You might also have problems with the owners that live directly above your condo for noise or leaking issues.
- HOA fee might go up - if the occupancy rate goes down for the building, or if other owners are having financial difficulty paying their bills, your HOA fee might go up.
Despite the negatives of owning a condo, it could still be a good choice for first-time home buyers because they are more affordable allowing the owner to build equity in their home rather than paying for rent.
Is the mortgage rate for condos higher?
The mortgage rate for condos is usually higher for the same borrowers who would pay if they were to buy single-family or multiple-family homes.The higher mortgage rates are because condo mortgages are considered riskier for lenders. A condo is a part of a large unit. Lenders view this type of home as a riskier investment and charge a higher interest rate for condominium mortgages to protect and offset this risk.
How much condo can I afford?
Use our condo mortgage calculator to help you estimate how much condo you can afford. A condo may be cheaper than a house, but there are monthly HOA fees that a condo owner needs to pay each month.Before buying a condo, make sure you can afford all expenses besides your monthly mortgage payments. You need to factor in all other costs such as PMI, which is mortgage insurance that you pay each month if your down payment is less than 20%, property tax and insurance, and HOA fees.Many condo owners are surprised to find out how much extra they need to pay each month after they have their down payment secured and bought a condo. Down payment is just one part of the equation, and the other part is the monthly mortgage payments and other expenses.
- Monthly mortgage payment - interest plus principal
- Mortgage insurance - required payment when your equity is less than 20%.
- Property tax - all homeowners are required to pay property tax
- Condo insurance - insurance to cover disasters from happening to your condo
- HOA fees - monthly or annual fees paid to the homeowner association.
How to use the condo loan calculator?
Following is a definition of all the variables for the condo loan calculator.Condo Value - how much does the condo cost?Down Payment - how much down payment are you putting down. It can be a percentage or a dollar value.Mortgage Amount - the amount of mortgage that you will be getting.Loan Terms - how long are you planning to pay off your mortgage. A 30-year and 15-year are the most popular types of mortgage.Interest Rate - the interest rate the lender charges you for the mortgage.PMI (Yearly) - if you put down less than 20% as your down payment for your Condo, your lender will require you to pay private mortgage insurance to protect themselves if you default on payments.Property Tax (Yearly) - how much property tax that you need to pay for the condo each year.Home Insurance (Yearly) - how much home insurance do you need to pay to protect your condo from natural disasters such as fire, and flood.HOA Fees (Monthly) - when you purchase a condo, you may be required to pay the homeowners' association (HOA) fees monthly or annually.Payment Frequency - by default, your payment will be every month. You can choose biweekly payments to pay off your mortgage earlier.First Payment Date - the first date of the payment. It can be a date in the past, present, or future.Amortization Schedule - show the condo amortization schedule monthly or yearly.Extra Payments - if you want to make extra payments toward principal to pay off your mortgage faster, that's where you can input the data. You have options to pay one-time extra payments, or monthly, quarterly, or annually.
