Mortgage Calculator

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Estimate your monthly mortgage payment from the home price, down payment, term and interest rate, including property tax and home insurance. Free and instant.

$
$ %
years
%
$
per year
$
per year
Monthly payment – per month
Principal & interest –
Monthly tax + insurance –
Loan amount –
Total interest –
Total of payments –
Assumes a fixed-rate loan with equal monthly payments. Property tax and insurance are estimated yearly amounts divided evenly across 12 months. PMI and HOA fees are not included.

About Mortgage Calculator

The mortgage calculator estimates your monthly house payment from the home price, down payment, loan term and annual interest rate, and it can fold yearly property tax and home insurance into the figure. Enter the down payment as a dollar amount or a percentage — the tool shows what it equals either way.

It assumes a fixed-rate loan with equal monthly payments. Principal and interest come from the standard amortization formula, while property tax and insurance are yearly estimates divided evenly across twelve months. PMI and HOA fees are not included, so add those separately if they apply to you.

Use it as a mortgage payment calculator with taxes and insurance when you are house shopping, comparing loan terms, or checking how a larger down payment changes the loan amount, total interest and total of payments over the life of the loan.

How to use Mortgage Calculator

  1. Enter the home price and your down payment, switching between amount and percent as you prefer.
  2. Set the loan term in years and the annual interest rate you were quoted.
  3. Add yearly property tax and home insurance estimates if you want them in the payment.
  4. Read the monthly payment, split into principal & interest and monthly tax + insurance.
  5. Check the loan amount, total interest and total of payments below the main result.

Frequently asked questions

Yes, if you enter them. The yearly property tax and home insurance amounts are divided by twelve and added to the principal-and-interest payment, shown separately as monthly tax + insurance.

No. Private mortgage insurance, HOA dues and other escrow items are not modeled. If your down payment is under 20%, your lender will likely add PMI on top of the figure shown here.

Yes. Toggle between amount and percent — the calculator converts either way and shows a hint with the equivalent value, so you always know what share of the home price you are putting down.

The calculator amortizes the loan at a fixed rate over the full term, then subtracts the amount borrowed from the total of all payments. A shorter term or lower rate reduces this figure sharply.

Treat it as an estimate, not financial advice. Actual payments depend on your lender, credit profile, local taxes and insurance quotes, which vary by country and state. Confirm exact terms with your lender.
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