Mortgage Calculator

Calculate your monthly mortgage payment and explore different loan scenarios. Get detailed breakdowns of principal, interest, taxes, and insurance.

Loan Details

Basic Loan Information
$

The total purchase price of the home

$
0%25%50%
Amount paid upfront. 20% or more avoids PMI.
$
Home price minus down payment
%
Annual percentage rate (APR) for the loan
Length of time to repay the loan

Advanced Options

Property taxes, insurance, PMI, and HOA fees

Annual property tax amount
Monthly: $400.00 (estimated at 1.2% of home value)
Annual home insurance premium
Monthly: $100.00 (estimated at 0.3% of home value)
Required if down payment is less than 20%
Monthly: $0.00 (not required with 20%+ down)
Monthly homeowners association fees (if applicable)

Additional Monthly Costs

Property Tax:$400.00
Home Insurance:$100.00
PMI:$0.00
HOA:$0.00
Total Extra:$500.00

💡 Tips

  • • Property tax rates typically range from 0.5% to 2.5% of home value
  • • Home insurance usually costs 0.2% to 0.5% of home value annually
  • • PMI is removed once you reach 20% equity in your home
  • • HOA fees vary widely by community and amenities
Monthly Payment
$0.00
Use Tab to navigate between form fields. Press Enter to calculate results. Use arrow keys in slider inputs to adjust values incrementally.

Real-time Calculations

Get instant updates as you change loan parameters. See how different down payments and interest rates affect your monthly payment.

Detailed Breakdowns

Understand exactly where your money goes with comprehensive PITI breakdowns including taxes, insurance, and PMI.

Share & Save

Save your calculations locally, share them with others via URL, or export to PDF for your records.

How to Use the Mortgage Calculator

1. Enter Basic Information: Start with your home price, down payment, interest rate, and loan term. The calculator will automatically compute your loan amount and show real-time results.

2. Add Advanced Details: Include property taxes, home insurance, PMI, and HOA fees for a complete picture of your monthly housing costs.

3. Explore Payment Options: Try different payment frequencies (monthly, bi-weekly, weekly) to see how they affect your total interest and payoff timeline.

4. Share or Save: Save your calculation for future reference, share it with family or your lender, or print a detailed report.