ByeByeBalance
Mortgage Calculator

The real cost
of your mortgage.

See what your lender won't show you — and how to save tens of thousands.

Mortgage Details

Loan Amount
$320,000
20% down
Monthly Payment
$2,076/mo
Total Interest
$427,185

Extra Monthly Payment

This is where it gets interesting.

$0/mo

The Hidden Cost

Total Interest
$427,185
True Cost of Home
$827,185
On a $400,000 home, you'll pay $427,185 in interest — 107% of the home's price on top of what you borrowed.

Year 1: Where Your Money Goes

Interest$21,495
Principal$3,411
86% of your first year's payments go straight to interest.

Term Comparison

30-Year ← Current
$2,076/mo
Total interest: $427,185
15-Year
$2,832/mo
Total interest: $189,708
The 15-year costs more monthly but saves $237,477 in interest.

Balance Over Time