Free money calculator
Estimate a monthly mortgage payment including principal, interest, property tax, insurance, and HOA dues.
Estimated result
Enter your details and calculate.
Educational estimate only. Confirm costs and terms with the relevant lender, tax professional, or financial professional.
How this calculator works
The calculator first subtracts the down payment from the home price. It then applies the standard fixed-rate amortization formula and adds monthly estimates for taxes, insurance, and HOA dues.
Worked example
A $400,000 home with 20% down, a 6.5% rate, and a 30-year term produces about $2,023 per month in principal and interest before taxes, insurance, and HOA dues.
Frequently asked questions
Does this include PMI?
No. Add private mortgage insurance separately when your lender requires it.
Can the interest rate be zero?
Yes. A zero-rate loan divides principal evenly across the term.
Is this a lender quote?
No. It is an educational estimate; lender fees and escrow rules vary.
Mortgage payment scenarios
Start with a preconfigured home-price example, then adjust rate, term, down payment, taxes, and insurance.