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Mortgage Calculator

Estimate your monthly payment including principal, interest, taxes, insurance and HOA fees.

Loan Details

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Additional Costs (optional)

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Results

Monthly Payment
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total all-in
P&I Payment
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principal + interest
Total Cost
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over loan life
Total Interest
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paid over term
Monthly breakdown LTV: —
Principal & Interest Property Tax Insurance HOA
⚠️ Your down payment is less than 20% (LTV > 80%). You will likely need to pay Private Mortgage Insurance (PMI), typically 0.5%–1.5% of the loan amount per year, until you reach 20% equity. This is not included in the calculation above.
Loan Summary
Loan Amount— Down Payment— Loan-to-Value— Payoff Date—
YearPrincipalInterestBalance

Monthly P&I: Uses the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n–1], where P = loan amount, r = monthly interest rate, n = total number of payments.

Total monthly payment adds monthly property tax (annual ÷ 12), monthly insurance (annual ÷ 12), and HOA fee on top of P&I.

Loan-to-Value (LTV) = Loan Amount ÷ Home Price × 100. LTV above 80% typically triggers PMI requirements.

Amortization table shows how each year's payments are split between reducing principal and paying interest. Early payments are mostly interest; later payments shift toward principal.

⚠️ This calculator provides estimates for planning purposes only. Actual mortgage payments depend on your lender's terms, credit score, property location, and other factors. Consult a licensed mortgage professional before making financial decisions.