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.
Mortgage Calculator
Mortgage Calculator
Estimate your full monthly housing payment with taxes, insurance, HOA, PMI, interest, and payoff timing in one place.
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
What this means
Adjust the assumptions to see how rate, down payment, taxes, insurance, HOA, and PMI affect the monthly estimate.
Mortgage results are educational estimates only.
Go deeperWhere does every mortgage payment go?Explore principal, interest, and the balance left — year by year or month by month.＋
No loan is being financed. Enter a home price above the down payment to explore a payment schedule.
Early payments and later payments tell different stories. Drag through the loan or select a year below to see how the mix changes.
Principal: reduces your loanInterest: borrowing cost
This loan payment
Balance after payment
Principal Interest
Principal paid so far Interest paid so far
What if you paid a little extra?
| Loan year | Loan payment | Principal* | Interest | Extra principal* | Balance left |
|---|
*Extra principal is already included in the principal column, not an additional charge. Fixed-rate monthly loan payments only; taxes, insurance, HOA, and PMI are excluded. Loan years start with payment 1, not January. The final payment is reduced to the amount owed. Actual lender schedules may differ because of payment dates and rounding.
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.
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.
Related calculators
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.