Planning tool
Mortgage payment calculator
See the monthly payment before you start comparing homes. Include the recurring costs that the basic principal-and-interest number leaves out.
Set your assumptions
How the estimate works
The loan amount is the home price minus the down payment. For a fixed-rate loan, the calculator converts the annual rate into a monthly rate and uses the standard amortizing-loan payment formula over the selected months. At a zero interest rate, it divides the loan evenly across those months. Annual tax and insurance are divided into monthly estimates; HOA and PMI are added at the amounts you enter.
What this number cannot tell you
Check loan offers for APR, fees, escrow rules and any rate adjustment. PMI can end at a different time than your loan, so treating it as a constant here may overstate long-term cost. Taxes and insurance can change. Compare the estimated monthly total with your budget, not just the mortgage's principal and interest. This is general education, not personal lending or financial advice.
Continue with the monthly budget planner or explore the compounding calculator.