Mortgage Payment Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, insurance, PMI, and HOA fees.
Loan Details
Mortgage Calculator Tips
Down Payment
A larger down payment reduces your loan amount and may help you avoid PMI. Aim for at least 20% to avoid private mortgage insurance.
Interest Rate
Even a small difference in interest rate can significantly impact your monthly payment and total interest paid over the life of the loan.
Loan Term
Shorter loan terms mean higher monthly payments but less total interest. Longer terms mean lower monthly payments but more total interest.
Additional Costs
Don't forget to include property taxes, insurance, PMI, and HOA fees in your budget when calculating affordability.