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Mortgage calculator
Estimate your monthly payment, including principal, interest, property tax and insurance. Adjust the sliders to compare scenarios.
Estimated monthly payment
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Principal & interest
Property tax
Insurance
Principal & interest
Property tax
Home insurance
Loan amount
Total interest over the term
Estimates only. Excludes HOA fees, mortgage insurance and closing costs. Your actual rate and payment depend on your lender.
How this calculator works
The principal and interest payment uses the standard amortization formula for a fixed-rate loan: the loan amount (price minus down payment) is repaid in equal monthly payments over the term at the chosen interest rate. Property tax is estimated as a percentage of the home price per year, and insurance as an annual amount, both divided by twelve.
What is not included
- Homeowners or condominium association fees.
- Private mortgage insurance, often required with less than 20% down on conventional loans.
- Closing costs, which commonly add 2–5% of the price for buyers.
- Utilities, maintenance and repairs.
Rates and rules differ by country and lender. Use the result as a planning estimate and ask lenders for a formal quote.