Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax, home insurance, PMI, and HOA fees.
Home & Loan Details
Additional Costs (Annual)
Loan Summary
Principal vs Interest
Frequently Asked Questions
How is my monthly mortgage payment calculated?
Your monthly payment includes principal, interest, property tax, home insurance, PMI (if down payment < 20%), and HOA fees. The principal and interest are calculated using the loan amortization formula.
How much house can I afford?
A common rule is the 28/36 rule: spend no more than 28% of gross income on housing costs and no more than 36% on total debt. Use this calculator to test different home prices.
What is PMI and when can I remove it?
Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. It can typically be removed once you reach 20% equity in your home.
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