Mortgage Calculator
Estimate your monthly mortgage payment from home price, down payment, rate and term — plus taxes, insurance and HOA.
Optional monthly extras
- Principal & Interest
- $2,022.62
- Property Tax
- $300.00
- Home Insurance
- $100.00
- HOA
- $0.00
- Loan Amount
- $320,000.00
- Total Interest
- $408,142.36
- Total of Payments
- $728,142.36
The monthly payment is only half the picture — estimate what you will pay at the closing table too.
Estimate Closing CostsDISCLAIMER: This calculator provides estimates for general informational and educational purposes only and is not financial, investment, tax, or legal advice. Results are approximate and may not reflect your actual situation, fees, taxes, or current rates. Consult a qualified professional before making financial decisions.
What Is the Mortgage Calculator?
The Mortgage Calculator estimates your total monthly housing payment. Enter the home price and down payment (as a dollar amount or a percentage — they stay in sync), your interest rate and loan term, then add optional property tax, home insurance and HOA dues. It shows a full breakdown plus total interest over the life of the loan. All math runs in your browser.
How It Works
Enter the home price and down payment, interest rate and term. Add annual property tax, annual home insurance and monthly HOA if you want a true all-in figure. The monthly payment and breakdown update instantly.
When to Use It
Use it when house-hunting, comparing loan offers, deciding on a down payment, or budgeting for the real monthly cost of a home including escrow items.
Frequently Asked Questions
- Does it include taxes and insurance?
- Yes, optionally. Enter annual property tax and home insurance and monthly HOA, and they're added to your principal & interest for a full monthly estimate.
- How is the payment calculated?
- Principal & interest use the standard amortization formula from the loan amount (price minus down payment), monthly rate and number of months. Taxes, insurance and HOA are added on top.
- Is this financial advice?
- No. It's an estimate for planning. Your actual payment depends on your lender, PMI, exact escrow amounts and other factors.
Last reviewed: 2026-06-27