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Monthly Payment:
What you’ll actually pay each month to own the property.
Includes:
- Principal (pays down the loan)
- Interest (lender’s fee)
- Property taxes
- Insurance
This is your full monthly mortgage cost—aka the number to budget for.
Total Interest Paid:
The full cost of borrowing over the life of the loan.
It’s the extra you pay on top of the original loan amount—just to use the bank’s money.
The longer the term (and the higher the rate), the more interest you’ll pay overall.
Total Cost:
The real price tag of your property over time.
Includes:
- Down payment
- Closing costs
- All mortgage payments (principal + interest)
Gives you the full picture of what you’ll actually spend—not just the purchase price.
Use of this calculator signifies your acceptance of Permanent PTO’s Terms of Use and the conditions set forth below. Calculations are based on a 31-day month. The calculators provided by Permanent PTO are intended solely for informational and educational purposes and do not constitute investment advice. Permanent PTO advises users to consult with a qualified real estate professional prior to making any investment decisions. The results generated by these tools are estimates and may not reflect the actual performance of your investments. Permanent PTO shall not be held liable for the consequences of any decisions or actions taken based on or as a result of the information provided by these calculators.
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