Home loan calculator

Know your monthly payment before you sign.

Enter your home price, down payment, rate, and term to see your full monthly mortgage payment — principal, interest, taxes, insurance, and PMI, broken down clearly.

Loan details

Adjust the numbers and the result updates instantly.
$
$
20% of home price
%
yrs
$
$
%/yr
Usually applies when down payment is under 20%.
Estimated total monthly payment
$0.00
on your loan
Principal & interest
$0.00
Property taxes
$0.00
Home insurance
$0.00
PMI
$0.00
Total / month
$0.00
Enter your details and calculate.
Guide

How the mortgage calculator works

This calculator estimates the real monthly cost of a home loan — not just principal and interest, but the taxes, insurance, and PMI that make up your actual payment.

1. Loan amount

Your loan amount (the principal) is the home price minus your down payment. A larger down payment means a smaller loan and a lower monthly payment.

2. Principal & interest

The core monthly payment is calculated with the standard amortization formula, using your loan amount, the monthly interest rate, and the total number of monthly payments (years × 12).

3. Taxes, insurance & PMI

Annual property taxes and home insurance are prorated into a monthly amount and added on. Private Mortgage Insurance (PMI) is typically required when your down payment is under 20% of the home price — once you reach 20% equity it usually drops off, so this calculator only applies PMI below that threshold.

4. Your total payment

The result shows both the principal-and-interest figure on its own and your full monthly payment with every cost included, so you can plan your budget with the complete picture.

This tool provides estimates for planning purposes only and is not financial advice. Your actual rate, taxes, insurance, and PMI may differ. Confirm details with your lender.