The Saving.am mortgage calculator helps you estimate your monthly payment, full cost of ownership, and how extra payments or different terms affect your loan. It supports principal and interest (P&I), property tax, insurance, PMI (with automatic removal when you reach a set loan-to-value), and HOA fees.
What the calculator does
You get a monthly payment breakdown (P&I plus tax, insurance, PMI, HOA), a full amortization schedule showing how each payment splits between principal and interest, and the month when PMI drops off if your down payment was below 20%. You can add recurring or one-time extra payments and compare two loan scenarios side by side.
Main inputs
Enter the loan amount, annual interest rate, and term in years. If you have a home value, add it so the calculator can compute loan-to-value and when PMI is removed (e.g. at 78% LTV). Optionally add monthly property tax, insurance, HOA, and PMI amount or percentage. For extras, set recurring or one-time amounts and when they apply.
Schedule and PMI removal
The amortization table shows balance, interest, and principal for each month. When your balance falls enough that loan-to-value reaches the threshold (often 78%), PMI is removed from that month onward, so your total monthly payment drops. The calculator shows the exact month when that happens.
Extra payments and comparison
Recurring extra payments reduce the balance faster and cut total interest; a one-time lump sum does the same. Use the comparison mode to put two scenarios (e.g. different rates or terms) side by side and see total cost and payoff time for each.