Shopping & Money
Mortgage Payment Calculator
Estimate monthly principal, interest, tax, insurance, and HOA.
Your inputs
Adjust the values
This principal-and-interest estimate assumes a fixed rate and monthly payments. Closing costs, PMI, and changing taxes are not included.
Estimated monthly payment
$2,572.62
About this tool
A straightforward mortgage payment calculator
Estimate monthly principal, interest, tax, insurance, and HOA. The fixed-payment amortization formula calculates principal and interest, then monthly tax, insurance, and HOA are added.
This planning estimate excludes PMI, closing costs, points, changing escrow amounts, and lender-specific fees. Inputs are processed in your browser, and changing a value updates the result immediately.
How it works
Use the Mortgage Payment Calculator in three steps
- 1Enter your values
Enter home price, down payment, rate, term, annual tax and insurance, and monthly HOA.
- 2Check the setup
Choose the units or calculation mode that matches your situation.
- 3Use the result
See estimated monthly housing cost, loan principal, payment breakdown, and lifetime interest.
Common questions
Mortgage Payment Calculator FAQ
How does the Mortgage Payment Calculator work?
The fixed-payment amortization formula calculates principal and interest, then monthly tax, insurance, and HOA are added.
What information do I need?
Enter home price, down payment, rate, term, annual tax and insurance, and monthly HOA.
How accurate is the result?
This planning estimate excludes PMI, closing costs, points, changing escrow amounts, and lender-specific fees.
References
Sources & references
This tool is informational and is not a substitute for professional medical or financial advice. Its methodology draws on the primary sources below.