Mortgage Calculator
Includes principal, interest, taxes, insurance, PMI, HOA, and any extra monthly principal selected.
See What Home Loans You May Qualify For
Explore financing options you may qualify for after reviewing your estimate and current lender rates.
How to Use This Mortgage Calculator
- Enter the home price and your down payment as either a dollar amount or percentage.
- Choose your loan term and interest rate to estimate principal and interest.
- Add property taxes, homeowners insurance, PMI, and HOA dues if you want a more realistic all-in housing cost.
- Open the Amortization tab to review payoff timing, total interest, balance reduction, and optional extra-principal scenarios.
- Scroll to the live rate table to compare lender offers after you see your estimate.
What Affects Your Monthly Housing Cost
Loan amount
Your starting balance is usually the biggest driver of your monthly cost. A larger down payment lowers the amount financed.
Interest rate
Even a small rate change can materially affect both your monthly cost and the total interest paid over time.
Loan term
Longer terms usually reduce the monthly amount but increase total interest. Shorter terms do the opposite.
Taxes, insurance, PMI, and HOA
These costs can materially change your true monthly housing expense, even when the loan amount and rate stay the same.
FAQs
How does this mortgage calculator work?
Our calculator estimates your monthly housing cost using home price, down payment, interest rate, loan term, and optional expenses such as property taxes, PMI, homeowners insurance, HOA dues, and extra principal contributions.
Can I include taxes and insurance?
Yes. You can include property taxes and homeowners insurance so your estimate reflects a more realistic all-in housing cost.
Can I view an amortization schedule?
Yes. Open the Amortization tab to review payoff timing, total interest, a balance chart, and expandable yearly and monthly repayment details.
What happens if I pay extra toward principal?
Additional principal reduces your balance faster, shortens the payoff timeline, and lowers total interest over the life of the loan.
Does this page show live lender offers?
Yes. The live rate table appears directly below the calculator so you can compare current lender offers immediately after reviewing your estimate.