Total Interest Over Life of Loan
Total interest paid if the loan is held to maturity.
Example Result
Sample DataBased on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
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40-Year Projection Chart
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Unlock Rental Property CalculatorWhy It Matters
Seeing the total interest cost puts the true price of financing in perspective. For a $300K loan at 7%, total interest over 30 years is roughly $420K. This helps evaluate refinancing opportunities and extra payment strategies.
Detailed Explanation
The total interest paid over the entire loan term if you make every payment on schedule and never refinance or pay extra. For a 30-year mortgage, this amount often exceeds the original loan balance.
Example
Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
Related Calculations
Extra Principal Payment
UAdditional principal payment made each month beyond the required mortgage payment to accelerate loan
Remaining Mortgage Balance
UCurrent remaining principal balance on the mortgage based on the actual number of months since purch
Cumulative Principal Paydown
UTotal mortgage principal paid down over the actual ownership period.
Debt Service
2Total annual mortgage payments.
Debt Service Coverage Ratio
2Net Operating Income divided by annual debt service — measures ability to cover mortgage.
Loan to Value Ratio
ULoan amount as a percentage of property value.
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