Mortgage Payment Calculator

Calculate your monthly mortgage payment including principal, interest, taxes, insurance, PMI, and HOA fees.

Loan Details

$
$
20% of home price
%

Additional Monthly Costs

$
$
$
$

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.