Mortgage Calculator
See what a home could cost each month.
Your work stays in this browser.
Include taxes and other costsFor a more realistic monthly estimate
Principal & interest$1,770
This is a planning estimate. A lender may also include mortgage insurance, closing costs, or other charges.
How to use the Mortgage Calculator
Mortgage Calculator estimates the monthly cost of a fixed-rate home loan. In addition to principal and interest, you can include property tax, homeowners insurance, and HOA dues for a more complete monthly estimate.
Enter the loan basics
Add the home price, down-payment percentage, annual interest rate, and loan term.
Add ownership costs
Open the additional-cost section to include tax, insurance, and monthly HOA dues.
Review the estimate
Compare the monthly breakdown, loan amount, total interest, and total paid.
A practical example
$300,000 home with 20% down
A 20% down payment creates a $240,000 loan. The monthly payment then depends on the chosen rate, term, and added ownership costs.
What to know
- The estimate does not include lender fees, mortgage insurance, changing tax bills, or every possible ownership expense.
- This is a planning tool, not a loan offer or financial advice.
Questions people ask
Does the payment include property tax?
Only when you enter an annual property-tax amount in the additional ownership costs.
Why might a lender quote a different payment?
A lender can use different rates, fees, insurance requirements, escrow amounts, and rounding rules.