Mortgage Payment Calculator
Estimate your full monthly payment — principal, interest, taxes, insurance, HOA and PMI.
Estimated monthly payment
Ready to turn these numbers into a real loan?
Get my personalized quoteAbout this calculator
Our mortgage payment calculator shows the complete monthly cost of owning a home, not just principal and interest. Enter your home price, down payment, interest rate and loan term, and we break the payment into every component a lender includes when they qualify you: principal and interest (P&I), property taxes, homeowners insurance, HOA dues and private mortgage insurance (PMI).
Many first-time buyers are surprised by how much taxes and insurance add to the bottom line. On a typical loan, escrowed taxes and insurance can add hundreds of dollars per month on top of P&I, and PMI applies whenever your down payment is under 20% (a loan-to-value above 80%). Seeing the full PITI payment up front helps you budget with confidence and avoid sticker shock at closing.
Adjust the down payment slider to watch how a larger down payment lowers both your loan amount and your PMI, and compare 15-, 20- and 30-year terms to balance monthly affordability against total interest paid. When you are ready, request a personalized quote to lock in a real rate from our lending partners.
Frequently asked questions
- What is PITI?
- PITI stands for Principal, Interest, Taxes and Insurance — the four core parts of a monthly mortgage payment. Lenders use your total PITI (plus HOA and PMI when they apply) to decide how much you can borrow.
- When do I have to pay PMI?
- Private mortgage insurance is typically required when your down payment is less than 20% of the home's value, meaning a loan-to-value ratio above 80%. Once you build 20% equity you can usually request to cancel it.
- How is my property tax estimated?
- We estimate property tax as an annual percentage of the home's value, divided into 12 monthly payments. Local rates vary widely, so adjust the percentage to match your county for the most accurate result.
- Does a 15-year loan really save money?
- Yes. A 15-year mortgage has a higher monthly payment but a lower rate and far less total interest because you pay the balance off twice as fast. Use the loan-term toggle to compare.
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