Mortgage Calculator
What will your monthly payment actually be?
A mortgage payment is more than principal and interest — property taxes, homeowners insurance, HOA dues, and (if you're putting down less than 20%) mortgage insurance all factor in. Adjust the numbers below to see the full picture.
Mortgage Calculator
Estimate your monthly payment
Adjust the numbers below to see an estimated monthly payment, including principal, interest, taxes, insurance, and HOA dues. Your actual rate and payment depend on your credit, program, and the lender's current pricing — use this as a planning tool, not a quote.
20% down
Loans with less than 20% down typically require mortgage insurance (PMI). Enter an estimate above, or ask your loan officer for an exact quote.
Estimated Monthly Payment
$0
Principal, interest, taxes, insurance, HOA & PMI
Loan Amount: $0
Estimate only. Actual rate, taxes, insurance, and PMI vary by borrower, property, and lender pricing at the time of your application. Not a loan estimate or commitment to lend.
Good to Know
What's actually in your monthly payment
Principal & Interest
The core loan payment — paying down what you borrowed, plus interest at your locked-in rate. This portion never changes for a fixed-rate loan.
Property Tax & Insurance
Most lenders collect 1/12th of your annual property tax and homeowners insurance bill each month and hold it in escrow, paying the bills on your behalf when they're due.
HOA Dues
If the property is in a community with a homeowners association, those dues are a separate, recurring cost that factors into how much home you can comfortably afford.
Mortgage Insurance (PMI)
Putting down less than 20% on a conventional loan usually means paying PMI until you build enough equity. It protects the lender, not you — but it's often the difference between buying now and waiting years to save a bigger down payment.
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