Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax, insurance and HOA fees.
Enter Your Loan Details
How the Mortgage Calculator Works
This calculator estimates your total monthly housing payment, including principal and interest (P&I), property tax, homeowners insurance, and HOA dues if applicable.
Formula Used
Where P is the loan principal (home price minus down payment), r is the monthly interest rate (annual rate ÷ 12), and n is the total number of monthly payments (loan term × 12).
Example
A $380,000 home with a $76,000 down payment leaves a $304,000 loan. At 6.4% over 30 years, principal & interest alone comes to roughly $1,900 per month, before taxes and insurance are added.
Practical Use
Use this calculator to compare loan terms, test different down payment amounts, or see how an interest rate change affects affordability before you talk to a lender.