Mortgage Calculator
Estimate your monthly mortgage payment with principal & interest, property taxes, homeowners insurance, PMI, and HOA fees. View a full amortization schedule and charts to understand how your balance changes over time.
How Your Mortgage Payment Is Calculated
Your monthly payment is made up of principal, interest, and often escrows for taxes and insurance. If your down payment is under 20%, lenders usually add PMI until you reach 20% equity. HOA dues, if applicable, are added separately.
- Principal & Interest: Based on loan amount, interest rate, and term.
- Property Taxes: Annual estimate divided by 12.
- Home Insurance: Annual premium divided by 12.
- PMI: Applies when down payment < 20% (estimate shown here).
- HOA: Optional monthly dues if your property has an association.
Disclaimer: This calculator is for education only. Check your lender for exact payment terms and PMI rules.