Mortgage Calculator
Calculate monthly mortgage payments with taxes, insurance, PMI, HOA fees, extra payments, and an amortization schedule.
Calculator updated
Use this page to get the result quickly, then review the formula, table, chart, or example for context.
- Estimate full monthly housing payment
- Compare down payments and loan terms
- Review payoff impact from extra payments
- Formula, example, and related calculators
Formula
M = P * r * (1 + r)^n / ((1 + r)^n - 1), plus monthly tax, insurance, PMI, HOA, and extra payments.
Example
A 350,000 home with 70,000 down at 6.5% for 30 years has principal and interest of about 1,770 per month before taxes, insurance, PMI, HOA, or extra payments.
When to Use
- Estimate full monthly housing payment
- Compare down payments and loan terms
- Review payoff impact from extra payments
Common Mistakes
- Forgetting taxes, insurance, PMI, or HOA
- Using annual costs as monthly costs
- Treating estimates as final lender approval
Fast Result
The calculator updates from your inputs and keeps the result easy to copy, print, or save locally.
Transparent Formula
The formula and example show how the result is built, so the page is useful beyond a single calculation.
Related Next Steps
Use the related links to move from estimate to comparison, payoff, conversion, or planning.
How this mortgage calculator works
Calculate monthly mortgage payments with taxes, insurance, PMI, HOA fees, extra payments, and an amortization schedule.
Enter the values you know, review the primary result, then use the table or chart to understand the details. The result is an estimate and should be checked against professional advice when money, medical, tax, legal, or engineering decisions are involved.
Frequently Asked Questions
Are these finance results a lender quote?
No. The result is an estimate based on the values entered. Lenders may apply fees, taxes, insurance, underwriting rules, and other terms.
Can I print or copy the result?
Yes. Use the print, copy, or save buttons in the result panel.
Why does the total interest change when the term changes?
Longer terms usually reduce the regular payment but keep the balance outstanding for longer, which can increase total interest.