Mortgage Calculator
Your true monthly housing cost — principal, interest, property tax, insurance and PMI, broken down.
—Total monthly payment
—Principal & interest
—Taxes + insurance
—PMI
P&ITaxes + insurancePMI
PMI is an estimate (you set the rate) and applies only when your down payment is under 20%; it can usually be cancelled once you reach ~20% equity. Property tax and insurance are the amounts you enter — they vary widely by location, so use your own quotes. Excludes HOA dues and closing costs. Educational tool, not a loan offer.
What your real monthly payment includes
A mortgage payment is more than principal and interest. Lenders bundle in property taxes and home insurance (held in escrow), and add PMI if you put down less than 20%. This calculator shows the full monthly number — the one that actually has to fit your budget — broken into its parts.
Working out how much cushion to keep alongside a mortgage? See how much emergency fund you need, or compare any fixed loan in the loan payment calculator.