FINANCE / HOME LOAN
Mortgage Calculator
Build a clear monthly home payment estimate from the purchase price, down payment, loan terms, and recurring housing costs.
Set your loan inputs
The example values are ready to replace. Optional costs can be left blank.
Monthly payment
Your estimate will appear here
Enter the loan details, then calculate to see the total monthly cost and its breakdown.
What the monthly total means
The result combines the scheduled principal and interest payment with the monthly share of annual property tax, annual insurance, and any HOA dues you enter.
Principal and interest
The loan amount is the home price minus the down payment. A fixed-rate amortization formula estimates the regular payment across the selected term.
Recurring housing costs
Annual tax and insurance values are divided by 12. HOA dues are already monthly, so they are added directly to the total.
Frequently Asked Questions
What costs does this mortgage calculator include?
It estimates monthly principal and interest, then adds monthly property tax, homeowners insurance, and HOA amounts when provided.
How is the monthly mortgage payment calculated?
The principal and interest portion uses a fixed-rate amortization formula. Annual property tax and insurance are divided by 12, then monthly HOA dues are added.
Does this calculator include PMI?
No. PMI is not an input in this version, so add it to your own estimate if it applies to the loan.
Are property tax and insurance required?
No. They are optional annual inputs and blank fields are treated as zero.
Will this match a lender quote?
It is a planning estimate. Your lender quote may differ because of rate, credit, PMI, closing costs, escrow rules, and other loan terms.