Mortgage Calculator
Estimate your monthly mortgage payment, including taxes, insurance, and HOA fees.
Result
Annual Amortization Summary
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
How to Use This Calculator
Enter your home price, down payment (as a percentage or dollar amount), interest rate, loan term, and your estimated property tax, insurance, and HOA fees. Your estimated monthly payment and amortization summary update instantly.
How the Calculation Works
The principal and interest payment is calculated using the standard amortizing loan formula. Property tax, insurance, and HOA are added on top to estimate your full monthly housing payment.
Formula
M = P × [r(1+r)^n] / [(1+r)^n − 1]
where P = loan principal, r = monthly interest rate, n = number of monthly payments
Example Calculation
A $400,000 home with 20% down ($80,000), a $320,000 loan at 6.5% for 30 years has a principal & interest payment of roughly $2,022/month, before taxes, insurance, and HOA.
Frequently Asked Questions
Does this include PMI?
Not directly — if your down payment is under 20%, ask your lender whether private mortgage insurance (PMI) applies and add it to the insurance field as an estimate.
Is the amortization table exact?
It's a close annual summary computed from the same monthly formula used for your payment, rounded for readability.
Related Tools
Disclaimer
Mortgage Payment Calculator: See the Full Monthly Cost, Not Just Principal and Interest
"Mortgage calculator" is one of the highest-volume financial searches every single month, and for good reason — a home is the biggest purchase most people will ever make, and the difference between a rough estimate and an accurate one can be hundreds of dollars a month. This mortgage payment calculator goes beyond the basic principal-and-interest math that a lot of simple tools stop at, folding in property tax, homeowners insurance, and HOA fees so the number you see is closer to what will actually leave your bank account each month.
Search terms like "mortgage calculator with taxes and insurance" and "monthly mortgage calculator" reflect a common frustration: a basic home loan calculator that only shows principal and interest can make a home look far more affordable than it really is once escrow costs are added. This tool lets you enter your down payment as either a percentage or a flat dollar amount, set your interest rate and loan term, and add your estimated annual property tax and insurance plus any monthly HOA fee, so the "est. total monthly payment" figure reflects the full picture a lender would actually consider.
Beyond the monthly number, this 30 year mortgage calculator (or 15-year, or any term you choose) generates a full annual mortgage amortization calculator table, showing how much of each year's payments goes toward principal versus interest, and how your remaining balance shrinks over time. That breakdown answers a question a lot of homebuyers search for separately — "how much interest will I pay over the life of my loan" — without needing a second tool or a spreadsheet.
This calculator is especially useful for comparing scenarios side by side: try adjusting your down payment percentage to see how it changes both your monthly payment and your total interest paid, or compare a 15-year term against a 30-year term to see the trade-off between a higher monthly payment and dramatically lower lifetime interest. None of these numbers account for mortgage insurance (PMI) if your down payment is under 20%, or for rate changes on an adjustable-rate mortgage, so always confirm final figures with your lender — but for a fast, private, no-signup way to model a home purchase before you ever talk to a bank, this mortgage calculator is built to get you most of the way there in under a minute.