Mortgage Calculator
Estimate monthly mortgage payments, principal and interest, property tax, insurance, HOA fees, and total interest.
About this tool
What is Mortgage Calculator?
Estimate the monthly cost of a home loan using the purchase price, down payment, annual interest rate, and mortgage term. You can also include annual property tax, homeowners insurance, and monthly HOA fees to create a broader estimated monthly housing payment. The calculator also reports the loan amount and estimated total interest paid over the loan term.
How to use
Get your result in a few steps
- 1
Enter the home price and down payment.
- 2
Enter the annual interest rate and mortgage term in years.
- 3
Optionally add annual property tax, annual insurance, and monthly HOA fees.
- 4
Click 'Calculate' to see the estimated monthly payment and loan totals.
Frequently asked questions
Questions about Mortgage Calculator
What does the estimated monthly mortgage payment include?
The calculator can include principal and interest plus the property tax, insurance, and HOA values you enter. It does not automatically add every possible housing expense, fee, or lender charge.
Does the mortgage calculator include PMI?
No. Private mortgage insurance is not automatically calculated in this version, so add it separately when evaluating a real loan scenario.
Are closing costs included?
No. Closing costs, lender fees, escrow adjustments, points, and other transaction expenses are not included.
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