Mortgage Calculator
Estimate your mortgage payments including taxes and insurance.
How to Use
- Enter home price and down payment.
- Set interest rate, loan term, and optional tax/insurance.
- Review the total monthly payment breakdown.
Frequently Asked Questions
Is PMI included?
Yes, if your down payment is less than 20%, PMI is estimated automatically.
Mortgage Calculator Guide: Estimate Payments with Taxes and Insurance
Buying a home is one of the biggest financial decisions you'll make. Our mortgage calculator estimates your full monthly payment including principal, interest, taxes, and insurance so there are no surprises.
What is a Mortgage Calculator?
A mortgage calculator estimates your total monthly home payment by factoring in the loan amount, interest rate, loan term, property taxes, homeowners insurance, and private mortgage insurance (PMI). Unlike a basic loan calculator, it gives you the complete picture of what homeownership will cost each month, often called your PITI payment.
Common Use Cases
- Determining how much house you can afford
- Comparing 15-year versus 30-year mortgage terms
- Estimating the impact of a larger down payment
- Budgeting for property taxes and insurance in your area
- Calculating when PMI will drop off your payment
How to Use Our Mortgage Calculator
- Enter the home price and your planned down payment.
- Set the interest rate, loan term, and optional tax and insurance amounts.
- Review the total monthly payment breakdown including principal, interest, taxes, and insurance.
- Adjust variables to compare different home-buying scenarios.
Tips & Best Practices
- Include PMI if your down payment is less than 20 percent.
- Get actual property tax rates from your local assessor's office.
- Shop for homeowners insurance quotes to get accurate premium estimates.
- Consider HOA fees separately if applicable to your target property.
- Use the calculator to test rising interest rate scenarios.
Ready to try it?
Use our free Mortgage Calculator now. No signup required.
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