Smarter mortgage planning

Know your payment before you apply.

Accurate U.S. mortgage estimate with taxes, insurance, PMI, HOA, and extra payments. Save results, export PDFs, and compare side-by-side.

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Why homebuyers trust us

Built for U.S. borrowers with transparent math and printable reports.

Accurate payments

Standard amortization plus taxes, insurance, HOA, PMI logic under 20% down, and optional extra payments.

Share & export

Save results to your account, download branded PDFs, or share a secure link with your lender or agent.

Privacy-first

CSRF/XSS protection, hashed passwords, and no credit pull. Your numbers stay yours.

Frequently Asked Questions

It uses the standard U.S. amortization formula and adds taxes, insurance, PMI, HOA, and other costs you provide. Estimates only—actual lender terms may vary.

Yes. PMI applies if the down payment is below 20% until LTV reaches ~78%. HOA and other monthly costs can be added.

You can download a PDF, print, save to your account, or share a secure link.

The calculator supports monthly extra payments and recalculates payoff date and total interest.

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How to use this calculator

This mortgage calculator (home loan calculator) estimates your monthly mortgage payment with taxes, insurance, PMI, HOA, and extra costs. It is optimized for U.S. borrowers and fixed-rate loans.

  1. Enter your home price. Use the purchase price (or current value if refinancing).
  2. Enter your down payment. Type a dollar amount or switch to percentage.
  3. Enter your loan term. 30, 20, 15, or 10 years are common.
  4. Enter your interest rate. Use your preapproval rate or today’s average (e.g., 6.15%).
  5. Click “Calculate”. Adjust property tax, home insurance, PMI, HOA, or other costs as needed.

Factors that affect your mortgage payment

  • Home price & down payment: Larger down payments cut the loan amount and may remove PMI if you reach 20%.
  • Interest rate: Small rate changes can shift total interest by tens of thousands over the loan life.
  • Loan term: Shorter terms mean higher monthly payments but far less total interest.
  • Taxes, insurance, HOA, PMI: These turn a base payment into a true “mortgage calculator with taxes and insurance.”

Mortgage calculator formula

We use the standard amortization formula for principal & interest:

M = P · [ r(1 + r)^n / ((1 + r)^n - 1) ]
M = monthly mortgage payment
P = loan principal
r = monthly interest rate (annual rate / 12)
n = total number of payments (months)

Understanding your results

  • Principal & Interest: Base mortgage payment.
  • Total cost of the loan: Sum of all payments from the amortization schedule.
  • Payoff date: When the balance reaches zero.
  • What-if scenarios: Try +0.5% rate, or add $100 extra per month to see payoff shift.

How much mortgage can I afford?

Use the 28/36 rule: keep housing =28% of gross income and total debt =36%. Example: $5,000 gross monthly income ? housing target ˜ $1,400. Use our affordability mode to test “how much mortgage can I afford.”

What to consider next

  • Time in home: If moving in ~5 years, an ARM may lower initial payments.
  • Total housing budget: Include maintenance, utilities, reserves.
  • Credit readiness: Improving credit can drop your rate and total interest.
  • DTI check: Lenders prefer total debt-to-income =36–43%.

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