Mortgage Calculator
Estimate your monthly mortgage payment based on home price, down payment, interest rate, loan term, property taxes, insurance, HOA, and PMI.
Enter the total purchase price of the home.
Enter the amount you plan to put down upfront.
Enter the annual mortgage interest rate.
Enter the number of years for the mortgage.
Optional annual property tax estimate.
Optional annual homeowners insurance estimate.
Optional monthly HOA amount.
Optional monthly private mortgage insurance amount.
Formula
Monthly Mortgage = Principal and Interest + Taxes + Insurance + HOA + PMI
Frequently Asked Questions
What does this mortgage calculator include?
This calculator estimates your monthly mortgage payment using principal, interest, property taxes, home insurance, HOA fees, and PMI if entered.
What is principal and interest?
Principal is the amount you borrow, and interest is the cost of borrowing that money. Together, they make up the core mortgage payment.
Should I include taxes and insurance?
Yes, if you want a more realistic monthly housing estimate. Many lenders collect property taxes and insurance as part of the monthly payment.