Mortgage Calculator
Estimate your monthly mortgage payment, including principal and interest, property taxes, homeowners insurance, private mortgage insurance (PMI) and HOA dues. Adjust the numbers to see how price, down payment and rate change your payment.
- Principal & interest$0
- Property tax$0
- Home insurance$0
- PMI$0
- HOA dues$0
- Loan amount
- $0
- Total interest
- $0
- PMI ends (approx.)
- n/a
- Payoff date
- n/a
How this calculator works
Principal and interest are calculated with the standard amortization formula for a fixed-rate loan. Property tax and insurance are divided by 12. PMI applies only when your down payment is under 20% and is estimated as an annual percentage of the loan amount. This calculator assumes PMI ends automatically when the balance reaches 78% of the home price under the federal Homeowners Protection Act. FHA mortgage insurance follows different rules. Read how to get rid of PMI to learn more.
Tips for lowering your payment
- Compare Loan Estimates from at least three lenders on the same day. Read what moves mortgage rates.
- A larger down payment reduces your loan amount and can eliminate PMI.
- Shop homeowners insurance, and apply for any property tax exemptions you qualify for. See our guide to property tax assessments.
Estimates only. Not a loan offer. Actual terms depend on your lender, credit profile and location.