Mortgage Calculator

Estimate your full monthly housing payment with taxes, insurance, HOA, PMI, interest, and payoff timing in one place.

Home price $ Down payment $ % Interest rate % Loan term Property ZIP code Location assumptions will appear here. State

Taxes, insurance, HOA, and extra payments

Extra principal payment $ Annual property tax $ Monthly insurance $ Monthly HOA $ PMI rate % Applied automatically when down payment is below 20%.

Estimated monthly payment $0 $0 principal and interest

PMI added because the down payment is below 20%.

Principal and interest $0

First principal$0

First interest$0

Taxes, insurance, HOA $0

Property tax$0

Insurance$0

HOA$0

PMI$0

Remaining balance

Payoff time0 yrs

Total principal paid$0

Total interest$0

Interest saved$0

PMI estimate$0

Mortgage calculator guide

What this mortgage calculator does

This mortgage calculator estimates the full monthly cost of owning a home, including principal and interest, property taxes, homeowners insurance, HOA fees, and PMI when applicable. It is designed to show a more realistic housing payment than principal and interest alone.

Updated May 13, 2026. Educational estimate only.

How to use it

Enter the home price.
Add your down payment.
Choose the mortgage rate and loan term.
Include property tax, insurance, HOA, and PMI assumptions.
Review the estimated monthly payment and total housing cost.

Example

A home can look affordable when only the loan payment is shown. Once taxes, insurance, HOA fees, PMI, repairs, and closing costs are included, the real monthly cost can be meaningfully higher.

Common assumptions

Mortgage estimates can vary based on lender terms, property taxes, insurance quotes, location, HOA rules, PMI requirements, and closing costs. Use this calculator as a planning estimate, not a final loan quote.

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Does this include taxes and insurance?

Yes, the calculator is designed to estimate a fuller monthly housing payment, including taxes and insurance assumptions.

Does this replace a lender quote?

No. A lender quote will use your actual credit profile, loan terms, property details, and closing cost estimates.

Why is the payment higher than a basic mortgage calculator?

Basic calculators often show only principal and interest. Real housing costs usually include taxes, insurance, HOA fees, PMI, maintenance, and other expenses.

Sources and research direction: CFPB mortgage guidance, CFPB on PMI, and ClearWorth methodology.