Mortgage Payment Calculator
Enter a home price, down payment, loan term and interest rate to see an estimated monthly housing payment — not just principal and interest, but the taxes, insurance, mortgage insurance and HOA dues that come with it.
The home and your loan
$40,000 of $400,000
Assumed example rate — not a quote.
The costs that come with the house
These are assumptions you should replace with real local numbers when you have them.
About $367 per month at this price
Leave at $0 if the home has no HOA.
Only applied while the loan is above 80% of the home's value.
Estimated total monthly payment
$2,972
Includes principal, interest, taxes, insurance, PMI. Estimate only.
Where the payment goes
Every slice below is also listed as a dollar amount.
Principal & interest
$2,275/mo
Property taxes
$367/mo
Homeowners insurance
$150/mo
PMI / mortgage insurance
Estimated at 0.60% of the loan per year while the loan is above 80% of value
$180/mo
Total payment
$2,972/mo
Loan summary
- Loan amount
- $360,000
- Down payment
- $40,000
- Loan-to-value
- 90.0%
- Payments
- 360 months
- Total interest over the term
- $459,160
- Total principal + interest
- $819,160
Totals assume the loan is kept for its full term at a fixed rate and no extra payments are made.
Want to understand this number?
How this calculator works
Principal and interest come from the standard fixed-rate amortisation formula: the loan amount, the monthly interest rate, and the number of monthly payments in the term. Early payments are mostly interest; later ones are mostly principal.
Property taxes and homeowners insurance are annual figures divided by twelve, the way a lender's escrow account collects them. PMI is estimated only while the loan is more than 80% of the home's value, and HOA dues are added as-is.
Together these five pieces are what people mean by "PITI plus" — the number that actually leaves your bank account each month.
What it can't tell you
- It is not a rate quote or a pre-approval. Your real rate depends on credit, program, points, lock period and market conditions.
- Real property tax and insurance amounts vary widely by location and property, and can change every year.
- Adjustable-rate loans, temporary buydowns, FHA/VA/USDA fee structures and interest-only terms are not modelled here.
- It doesn't include maintenance, utilities or the cash you need at closing.