US mortgage calculator
Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax and homeowners insurance.
How this mortgage calculator works
This mortgage calculator estimates your monthly housing payment by combining loan principal, interest, property tax and homeowners insurance. It is designed to help home buyers understand how changes in home price, down payment and interest rate may affect monthly cost.
What is principal and interest?
Principal is the amount borrowed from the lender. Interest is the cost paid to borrow that money. Together, principal and interest usually make up the largest part of a mortgage payment.
Why property tax matters
Property taxes vary by location and can significantly affect the total monthly cost of owning a home. This calculator lets you estimate annual property tax as a percentage of the home price.
Why homeowners insurance matters
Homeowners insurance can add to the total monthly housing payment. Actual insurance costs depend on location, property type, coverage and insurance provider.
Important note
This is a simplified estimate. Actual mortgage payments may include PMI, HOA fees, local taxes, lender fees and other costs.