Mortgage Calculator
Estimate your monthly home payment including principal & interest, property taxes, insurance, HOA fees, and PMI. Results update instantly as you type.
1 Loan Details
2 Monthly Costs
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
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Enter your loan details to see your payment
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Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Down Payment
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Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
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Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
How to Use This Mortgage Calculator
Our free mortgage calculator helps US home buyers estimate monthly payments instantly. Enter your home price, down payment, current interest rate, and loan term to see a complete cost breakdown including taxes, insurance, and PMI.
What's included in your payment?
- Principal & Interest — the core payment based on loan amount and rate
- Property Tax — typically 0.5%–2.5% of home value annually
- Homeowners Insurance — required by lenders, ~$1,000–$2,000/year
- PMI — required when down payment is under 20% of the purchase price
Smart Home Buying Tips
A 30-year fixed mortgage is the most popular home loan in the US, offering predictable monthly payments. A 15-year term saves significantly on total interest but requires higher monthly payments.
Key rules of thumb
- Aim for 20% or more down to eliminate PMI and lower your rate
- Keep housing costs under 28% of gross monthly income
- Each 0.25% rate difference can mean thousands in savings over 30 years
- Use the rate comparison table above to model rate-lock decisions
Mortgage Calculator by State
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