Mortgage Calculator

Monthly payment with property taxes, home insurance, PMI and HOA, plus a full amortization schedule. Results update as you type.

Home price

Down payment (percent or dollars)

Loan term (years)

Interest rate (annual %)

Start date

Taxes and costs (included by default)

Property taxes (% of home price per year)

Home insurance ($ per year)

PMI insurance ($ per month)

HOA fee ($ per month)

Other costs ($ per month)

Total monthly payment (principal, interest, taxes and costs)

$0.00

Monthly and total breakdown

Loan summary

Amortization schedule

Rates change daily. Check your lender for today's rate. Results are estimates for education only and are not financial advice.

How a mortgage payment is built

Your monthly payment has two parts that never change on a fixed rate loan: principal and interest. On top of that, most homeowners pay property taxes and home insurance every month, often through an escrow account. If your down payment is below 20 percent, the lender may add private mortgage insurance (PMI). HOA dues apply only in communities with a homeowners association.

What happens if I pay extra each month?

Extra payments go straight to principal, which cuts total interest and shortens the loan. Even a small extra amount early in the loan has a large effect, because early payments are mostly interest.

How is the payoff date figured?

The payoff date is the start month plus the loan term, assuming every payment is made on time and no extra payments are made.