Mortgage Calculator

Estimate your monthly mortgage payment, including property tax and home insurance.

How this calculator works

Your payment of principal and interest is found with the standard loan formula using the loan amount (price minus down payment), the monthly rate and the number of months. Property tax and insurance are added as monthly amounts.

FAQ

What is included in a mortgage payment?

Usually principal, interest, property tax and homeowners insurance. Some loans also add PMI or HOA fees, which are not included here.

How much down payment do I need?

Many loans accept 3% to 20%. A down payment under 20% often means paying private mortgage insurance.

Are property tax rates the same everywhere?

No. They vary by state and county, so check your local rate and change the field above.

Is this exact?

It is an estimate. Your lender's quote will differ.