Mortgage Calculator
Estimate monthly mortgage payments with home price, down payment, interest rate, property tax, insurance, and loan term.
Calculate your result
Change any value and the estimates update immediately. Nothing entered here is sent to our server.
What the estimate includes
A mortgage payment estimate is more useful when it includes more than principal and interest. Property tax, homeowners insurance, and other recurring housing costs can materially change the monthly number.
How to use the result
Use the calculator to compare scenarios such as a larger down payment, a different interest rate, or a shorter loan term. The result is a planning estimate, not a lender quote.
Numbers to verify
Check current rates with a lender, confirm local property taxes, and include homeowners association fees separately if they apply. Small rate changes can move the payment more than expected.
Responsible planning
Do not use a payment estimate as the only affordability test. Leave room for repairs, utilities, moving costs, and emergency savings.
How to use it
- Enter the home price, down payment, rate, and loan term.
- Add estimated taxes and insurance for a fuller monthly picture.
- Compare scenarios and verify any buying decision with a qualified lender.
How the calculation works
The calculator subtracts the down payment from the price, applies the standard fixed-rate amortization formula, then adds the monthly tax, insurance, and HOA estimates. It does not include closing costs, mortgage insurance, changing escrow charges, or lender-specific fees.
Worked example
For a $350,000 home with $70,000 down, a 30-year loan at 6.5%, $350 monthly property tax, and $140 insurance, the tool estimates the loan payment and then shows the fuller monthly housing estimate. Change one input at a time to see which assumption matters most.
Frequently asked questions
Is this a lender quote?
No. It is an educational estimate. A lender determines the actual rate, fees, insurance requirements, and approval.
Why is my real payment different?
Escrow adjustments, mortgage insurance, HOA dues, loan fees, and the exact closing date can all change the amount.
Calculation method and page content last reviewed: July 20, 2026.
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