Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax and insurance.
How to use
1. Enter home price and down payment. 2. Enter interest rate and loan term. 3. Enter annual property tax and insurance. 4. See the full monthly breakdown.
Formula
Loan amount = Home price - Down payment. Monthly P&I uses the standard amortization formula. Monthly tax = annual tax / 12; monthly insurance = annual insurance / 12.
Examples
- $250,000 home, $50,000 down, 4.5%, 30 years → Monthly P&I ~$1,013, plus tax and insurance
Important notes
This is an estimate for a fixed-rate mortgage. PMI, HOA fees and other costs are not included.
Frequently asked questions
What is included in the monthly payment?
Principal, interest, property tax and home insurance. PMI is not included.
Should I include escrow?
Enter annual tax and insurance and the calculator adds them monthly.
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