🏠 20-Year Fixed Mortgage Calculator
Calculate monthly payments and total costs for a 20-year fixed-rate mortgage with amortization schedule
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter the loan amount or home price
2. Input your down payment amount
3. Set the 20-year fixed interest rate
4. Add property taxes and insurance
5. Compare with 15 and 30-year options
6. Review interest savings vs longer terms
Features
✓ 20-year fixed-rate payment calculation
✓ Complete 240-payment amortization schedule
✓ Interest savings vs 30-year mortgage
✓ Balanced payment vs payoff time
✓ Equity building analysis
✓ Total cost comparison tools