Mortgage Calculator
Model your mortgage payment with principal, interest, taxes, insurance, and HOA dues. Explore how down payment, APR, and term impact your monthly budget.
Monthly payment
$2,705.72
- Principal & interest
- $2,193.22
- Taxes, insurance & HOA
- $512.50
- Loan amount
- $360,000.00
- Total interest paid
- $429,559.69
Estimates assume a fixed-rate mortgage. Escrow includes the property tax rate, homeowners insurance, and HOA dues you provide.
Email my calculations
Receive a printable breakdown (PDF) to revisit your calculations later.
Mortgage balance over time
Track how your loan balance falls while interest adds up each month.
Want to compare paths? Explore our Buy vs Rent Calculator.
How to use the Mortgage Calculator
Estimate principal and interest payments, taxes, and insurance so you know exactly what a home will cost each month.
- Enter purchase price, down payment, interest rate, and loan term.
- Add property taxes, homeowners insurance, and HOA dues to compute the full payment.
- Adjust PMI assumptions if your down payment is below 20%.
- Review amortization details to understand how much interest you pay over time.
Mortgage Calculator key terms
Knowing how each field influences the results keeps the math grounded in reality.
Amortization schedule
Breaks each payment into principal and interest so you can see equity growth over time.
Escrow
Account used to collect taxes and insurance each month. Including it prevents budgeting surprises.
Private mortgage insurance (PMI)
Coverage required when the down payment is under 20%. It can be removed once you reach sufficient equity.
Mortgage Calculator planning ideas
Try running a few “what if” scenarios to translate the numbers into real-world decisions.
Biweekly payments
See how splitting payments into 26 half-payments reduces total interest and shortens the loan.
Adjustable-rate mortgages
Model teaser rates and future rate caps to confirm the payment remains manageable after the fixed period ends.
Property tax changes
Input potential reassessment values to plan for post-purchase tax jumps.
Frequently asked questions
Should I pay points to lower the rate?
Use the buy points calculator alongside this tool to calculate the break-even point. Points make sense when you expect to keep the loan long enough to recoup the upfront cost.
How accurate is the amortization schedule?
It assumes on-time payments and a fixed rate. Changes in taxes, insurance, or prepayments will alter the schedule, so revisit the calculator after major adjustments.