Mortgage Calculator

Monthly Mortgage Payment Calculator

Estimate a complete monthly housing payment with principal and interest, property taxes, homeowners insurance, HOA dues, and mortgage insurance.

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Estimate the complete payment

Build a monthly housing payment.

Enter planning assumptions for the loan and property expenses. The result separates principal and interest from taxes, insurance, HOA dues, and mortgage insurance.

Use the expected purchase price or property value for this planning scenario.

Enter the cash applied to the price before closing costs or reserves.

Use a planning rate only. This is not a rate quote or lock.

Enter the annual estimate. The calculator divides it by 12. Actual taxes vary by property and location.

Use a monthly estimate. Premiums depend on the property, coverage, insurer, and market conditions.

Enter monthly association dues when they apply.

Enter an estimated monthly amount when mortgage insurance or a similar recurring program charge applies.

View year-by-year amortization Principal, interest, and estimated remaining balance
Estimated mortgage amortization by year
Year Principal paid Interest paid Ending balance

How to use this

What the payment estimate can and cannot show.

The calculator subtracts the down payment from the price, estimates fixed-rate principal and interest, and adds the property taxes, homeowners insurance, HOA dues, and mortgage insurance entered.

It does not automatically determine mortgage-insurance eligibility, future tax or insurance changes, closing costs, prepaid items, utilities, maintenance, or program-specific charges. Confirm the complete payment using current property and loan information.

Next steps

Helpful related pages.

Home Affordability Calculator Debt-to-Income Calculator Compare Loan Scenarios Buying a Home Talk Through Options