Mortgage Calculator
Includes principal, interest, taxes, insurance, PMI, HOA, and any extra monthly principal selected.
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 payment.
- Open the Amortization tab to review payoff timing, total interest, balance reduction, and optional extra-payment scenarios.
- Scroll to the live rate table to compare lender offers after you see your estimated payment.
What Affects Your Monthly Mortgage Payment
Loan amount
Your starting balance is usually the biggest driver of your payment. A larger down payment lowers the amount financed.
Interest rate
Even a small change in rate can materially change both your monthly payment and the total interest paid over time.
Loan term
Longer terms usually reduce the monthly payment but increase total interest. Shorter terms do the opposite.
Taxes, insurance, PMI, and HOA
These costs can materially change your true monthly housing payment, even when the loan amount and rate stay the same.
FAQs
How does this mortgage calculator work?
Our calculator estimates your monthly payment using home price, down payment, interest rate, loan term, and optional housing costs like property taxes, homeowners insurance, PMI, HOA dues, and extra principal payments.
Does this calculator include taxes and insurance?
Yes. You can include property taxes and homeowners insurance so your estimate reflects a more realistic total housing payment.
Can I see an amortization schedule?
Yes. Open the Amortization tab to view payoff timing, total interest, a balance chart, and expandable yearly and monthly amortization rows.
What happens if I make extra payments?
Extra principal reduces your balance faster, shortens the payoff timeline, and lowers total interest paid over the life of the loan.
Does this page show live lender rates?
Yes. The live mortgage rate table appears directly below the calculator so you can compare lender offers immediately after reviewing your payment estimate.