Mortgage calculator
Estimate your monthly house payment with taxes, insurance, PMI and HOA. See the full payment schedule and what extra payments save.
How to use the mortgage calculator
- Enter the home price, down payment, loan term and interest rate.
- Adjust property tax, insurance, PMI and HOA if you know them.
- Read your monthly payment and open the payment schedule. Try an extra payment to see the savings.
Frequently asked questions
What is included in the monthly payment?
Principal and interest, plus property tax, home insurance, PMI when your down payment is under 20%, and any HOA fee. Lenders often call this PITI.
When does PMI go away?
On most conventional loans PMI ends automatically when your balance reaches 78% of the home’s original value. You can ask to remove it at 80%.
How much do extra payments save?
Extra money goes straight to principal, so less interest builds up. Even $100 a month can save tens of thousands over a 30-year loan. Enter an amount to see your numbers.
Is this an official loan quote?
No. It is an estimate. Your lender will give you exact numbers, including closing costs.
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