Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, property taxes, insurance, and PMI.
Understanding Your Mortgage
Principal & Interest
The main part of your mortgage payment. It pays down your loan balance and covers the cost of borrowing.
Property Tax
Annual taxes on your property, usually 0.5% to 2% of home value depending on location.
Home Insurance
Protects your home against damage and theft. Required by most lenders.
PMI (Private Mortgage Insurance)
Required if your down payment is less than 20%. Typically 0.5% to 1% of loan amount annually.
About Mortgage Calculator - Home Loan Payment Estimator
Calculate your monthly mortgage payment including principal, interest, property taxes, insurance, and PMI. Complete home loan calculator.
Our **Mortgage Calculator** gives you a complete picture of your monthly housing costs. Beyond just principal and interest, we include property taxes, homeowner's insurance, and PMI (if applicable) so you know exactly what to budget. Try our Loan Calculator for other types of loans.
Buying a home is the biggest financial decision most people make. Use this calculator to compare 15-year vs 30-year mortgages, see how your down payment affects monthly costs, and understand when PMI might be required. For investment planning, check out our Compound Interest Calculator.
All calculations are performed locally in your browser for complete privacy. Adjust the home price, down payment, interest rate, and other factors to find a mortgage that fits your budget.
Key Features
Why Use This Tool?
Related Tools
How to Use
Enter the home purchase price
Input your down payment amount or percentage
Add the interest rate and loan term
Include property tax and insurance rates
View complete monthly payment breakdown