Financial Tools
Mortgage Calculator
Estimate your full monthly home payment: principal and interest plus taxes, insurance, HOA and PMI. Adjust the inputs to see how price, down payment and rate change the number.
Home
Home Price
Down Payment
Loan Term
Interest Rate (% per year)
Taxes, Insurance and Fees
Property Tax (% of home value per year)
Home Insurance ($ per year)
HOA Fees ($ per month)
PMI Rate (% per year, applies under 20% down)
Extra Monthly Payment (optional, $)
Values shown are examples. Edit them to match your situation.
Payment Breakdown
| Principal & Interest | $0 |
| Property Tax | $0 |
| Home Insurance | $0 |
| HOA | $0 |
| PMI | $0 |
| Total Monthly Payment | $0 |
| Loan Amount | $0 |
| Loan-to-Value | 0% |
| Total Interest Over Term | $0 |
| Interest Saved by Extra Payments | $0 |
| Time Saved by Extra Payments | 0 mo |
| Payoff Date | n/a |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
That payment depends on the rate you get.
Compare published offers, then run the number again with the rate you were quoted.
Questions people ask
How is the monthly mortgage payment calculated?
The loan is the home price minus your down payment. Principal and interest is the standard fixed payment on that loan at your rate over the term; the page then adds property tax, home insurance, HOA fees and PMI to give the total monthly payment.
When does the page add PMI?
When your down payment is under 20%, as the PMI Rate field notes. It charges the PMI rate you enter on the loan amount, divided by twelve. At 20% down or more the PMI line is zero.
How is property tax worked out?
You enter it as a percentage of the home value per year. The page applies it to the home price and divides by twelve.
What do the extra payment lines show?
If you add an extra monthly payment, the page applies it to principal and shows the interest and months saved against the regular schedule, along with the new payoff date.
