Calculate your monthly mortgage payment including principal, interest, property taxes, homeowners insurance, PMI and HOA fees to better plan your home purchase.
Provide your home price, down payment, mortgage interest rate and loan term.
Instantly estimate your monthly mortgage payment including taxes, insurance, HOA fees and PMI.
Understand your mortgage costs, interest paid and total home financing expenses.
Higher Payments
Lower Interest
Balanced Option
Lower EMI
Lowest Monthly Payment
| Down Payment | Typical Impact |
|---|---|
| 3%–5% | Higher PMI |
| 10% | Lower Loan Balance |
| 20% | Usually No PMI |
| 30%+ | Lower Monthly Payment |
M = P × r × (1+r)n ÷ ((1+r)n − 1)
Where M is the monthly mortgage payment, P is the loan amount, r is the monthly interest rate and n is the total number of monthly payments.
A Mortgage Calculator helps estimate your monthly home loan payment by considering the loan amount, interest rate, repayment term and additional housing expenses such as property taxes, homeowners insurance, PMI and HOA fees.
Whether you're buying your first home, refinancing an existing mortgage or comparing different financing options, this calculator provides accurate estimates to help you make informed home-buying decisions.
A mortgage is a long-term loan used to purchase real estate. The property serves as collateral until the loan is fully repaid. Monthly mortgage payments usually include principal, interest and may also include taxes, insurance and PMI.
The amount borrowed after subtracting your down payment from the home's purchase price.
The cost charged by the lender for borrowing money over the mortgage term.
| Feature | Fixed Rate | Adjustable Rate |
|---|---|---|
| Interest Rate | Fixed | Can Change |
| Monthly Payment | Stable | May Vary |
| Risk | Lower | Higher |
| Best For | Long-Term Owners | Short-Term Buyers |
Private Mortgage Insurance (PMI) is typically required when your down payment is less than 20% of the home's purchase price. PMI protects the lender if the borrower defaults on the loan.
This Mortgage Calculator provides estimated payment values based on the information you enter. Actual mortgage payments, taxes, insurance premiums, PMI, HOA fees and lender charges may vary depending on your mortgage agreement and local regulations. Always consult your lender or financial advisor before making home financing decisions.
A mortgage calculator estimates your monthly mortgage payment, total interest and overall home financing costs based on your loan details.
Yes. You can include annual property tax, homeowners insurance, HOA fees and PMI to estimate your total monthly housing cost.
Private Mortgage Insurance (PMI) is often required when your down payment is less than 20% of the home's purchase price.
A larger down payment usually reduces your monthly payment, lowers total interest and may eliminate PMI requirements.
Yes. This Mortgage Calculator is completely free and works on desktop, tablet and mobile devices.
Plan your finances with free calculators for mortgages, loans, investments, savings, retirement, taxes and much more.
Browse All Finance Calculators →