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Free Online Calculator
Mortgage Calculator
Estimate your monthly mortgage payment, interest, property taxes, insurance, and total home financing cost.
Mortgage Details
Enter the home price, down payment, rate, and loan term.
$
20%
$
0%
40%
80%
6.5%
0%
10%
20%
30 years
5 years
20 years
40 years
$
$
$
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Tip: The estimate includes principal and interest plus the property tax, homeowners insurance, and HOA amounts you enter.
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Mortgage Summary
Estimated monthly housing cost
Estimated Monthly Payment
$2,021.28
principal, interest, taxes & insurance
$1,769.10
Principal + Interest
$500.00
Tax + Insurance
$0.00
HOA / Month
Monthly Breakdown
$2,021.28
Principal
$350.50
Interest
$1,418.60
Property Tax
$350.00
Home Insurance
$150.00
HOA
$0.00
$280,000.00
Loan Amount
$357,876.00
Total Interest
Loan Cost
Principal
Interest
Calculation
$350,000 home − $70,000 down = $280,000 mortgage at 6.5% for 30 years.
Principal & Interest
Estimate the core mortgage payment using the loan amount, fixed interest rate, and term.
Taxes & Insurance
Add annual property taxes and homeowners insurance to get a broader monthly estimate.
Instant Estimates
Change any value and the mortgage summary updates immediately across all devices.
Mortgage Planning Guide
General considerations when evaluating a home loan.
Down Payment
A larger down payment reduces the amount you need to borrow and can lower monthly principal and interest.
Loan Term
A shorter term can raise monthly payments while potentially reducing total interest over the loan.
Total Housing Cost
Taxes, insurance, HOA fees, lender fees, and other costs can affect your actual monthly housing expense.
Mortgage calculated