Mortgages › Mortgage Calculator

Mortgage Calculator

Home price ($)

Down payment ($ and %)

Loan term

Annual interest rate (%)

Taxes, insurance, HOA & PMI

Annual property tax (% of home price)

Annual homeowners insurance ($)

Monthly HOA fees ($)

Annual PMI (% of loan, if down payment below 20%)

Illustrative US-style estimate. Taxes, insurance, HOA, and PMI vary by property and lender. No lender rates are fetched.

MonthlyAnnually

Estimated monthly payment

$2,171Estimated payment

Principal & interest

Property tax

Insurance + HOA +

PMI

Original loan amount

Down payment:

Estimated payoff:

Principal

Interest

Estimated total paid over loan term (including fixed estimated costs)

How to calculate a mortgage payment

The principal-and-interest payment for a fixed-rate mortgage depends on your borrowed principal, monthly interest rate and number of monthly payments. The standard amortization formula is M = P × r(1+r)ⁿ / ((1+r)ⁿ − 1). When the interest rate is zero, divide principal by the number of payments instead.

What is included?

Our calculator estimates principal and interest plus optional property taxes, homeowners insurance, HOA fees and private mortgage insurance. It assumes a fixed interest rate and does not include closing costs, changing tax assessments, adjustable rates, escrow changes or early repayment.

Tips for comparing mortgage scenarios

Try different down payments, interest rates and loan terms. A shorter loan can reduce total interest while increasing monthly payments. Always verify real loan terms with a qualified lender.