About the Mortgage Calculator
Your mortgage payment is more than principal and interest. This calculator adds property tax, homeowners insurance, HOA dues and private mortgage insurance (PMI) when your down payment is under 20%, giving a realistic monthly housing cost. A yearly amortization table shows how your equity grows, and extra principal payments show how many years you can save.
How to use it
- Enter home price, down payment, rate and term.
- Add taxes, insurance, HOA and PMI rate.
- Review the monthly breakdown and payoff table.
Good to know
- Results are estimates for planning purposes and not financial, tax or legal advice. Lenders and tax authorities may calculate differently.
- PMI rates typically range from 0.3% to 1.5% of the loan per year depending on credit score and down payment.
- Property taxes and insurance usually change every year.