Mortgage calculator

Mortgage on a $1,200,000 home

Monthly payment estimates at 3.5%, 10%, and 20% down — then customize with your rate, term, and state below.

Quick estimates — 30yr fixed at 6.48% (national avg, TX tax rate)

Payment by down payment

3.5% down ($42,000)

$10,280/mo

$1,471,484 total interest

PMI included

10% down ($120,000)

$9,742/mo

$1,372,369 total interest

PMI included

20% down ($240,000)

$8,355/mo

$1,219,883 total interest

Includes estimated property tax and homeowners insurance. Actual payment varies by state, credit score, and lender.

Customize your estimate

Home price$1,200,000

Down payment (20%)

State

Interest rate6.48%

Loan term

Monthly payment

$8,355

P&I · Taxes · Insurance

Total interest

$1,219,883

Principal & Interest$6,055/mo

Property Tax$1,800/mo

Homeowners Insurance$500/mo

Income needed (28% DTI)

$360k/yr

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