Finance calculator
Mortgage Calculator
Estimate your monthly mortgage payment with principal, interest, property taxes, insurance, PMI, HOA, and flexible down payment input.
Home buying
Monthly payment
Loan planning
Calculator
Enter your numbers
Use your home price, down payment, loan term, rate, taxes, insurance, PMI, and HOA to estimate a monthly payment.
Inputs
Adjust the home price and loan assumptions below.
Results
Moderate
Mortgage summary
Loan snapshot
Your estimated monthly housing payment appears moderate based on the current loan assumptions.
Loan Amount
$280,000.00
Down Payment %
20.00%
Check values
Home price must be greater than zero to calculate a mortgage payment.
How mortgage payment is calculated
A monthly payment is more than just the loan
Mortgage payments are typically made up of principal, interest, property taxes, insurance, and sometimes PMI or HOA fees. This calculator combines those pieces into one estimated monthly payment.
Loan Amount
Home Price − Down Payment
Principal & Interest
Standard amortized monthly mortgage formula
Total Monthly Payment
P&I + Tax + Insurance + PMI + HOA
When to use it
Useful before you make an offer
Estimate affordability
See whether a specific home price and down payment fit your target monthly budget.
Test dollar or percent down payments
Compare scenarios quickly by switching the down payment between dollar and percent modes.
Understand the fuller monthly cost
Go beyond the base loan payment by including taxes, insurance, PMI, and HOA in the estimate.
Mortgage FAQ
Frequently asked questions
Quick answers to common questions about this calculator and how to use it.
What does this mortgage calculator include?
This calculator estimates principal and interest along with property taxes, home insurance, PMI, and HOA fees so you can see a fuller monthly housing payment.
Can I enter the down payment as a dollar amount or a percentage?
Yes. You can switch the down payment input between dollar mode and percent mode to compare home-buying scenarios more easily.
Why should I compare different down payment amounts?
Changing the down payment changes the loan amount and can affect monthly payment, PMI exposure, and overall affordability.
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