Use this free calculator to estimate a monthly mortgage payment, including principal and interest, property tax, homeowners insurance, HOA dues and private mortgage insurance (PMI). Change any value and the results update instantly.
| Principal & interest | |
| Property tax | |
| Insurance | |
| HOA | |
| PMI | |
| Loan amount | |
| Total interest over term |
Results are estimates for illustration only and are not a loan offer or financial advice. Your actual rate, taxes, insurance and fees will depend on your lender, location and situation. For official, neutral guidance, see the Consumer Financial Protection Bureau’s Buying a House resources.
How the calculation works
Principal and interest use the standard fixed-rate amortization formula based on your loan amount (home price minus down payment), annual interest rate and term. Property tax and insurance are divided by twelve. PMI, if entered, is calculated as an annual percentage of the loan amount. Lenders often require PMI on conventional loans with less than 20 percent down.
Next, read our guides to buying a condo and closing costs.