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Mortgage Calculator

Estimate your monthly mortgage payment, total interest, property taxes, insurance, and PMI for a US home loan.

Loan details

Enter your loan information to calculate your mortgage payment.

Home price ($)Down payment ($)Typically 5%–20% of home priceInterest rate (% APR)Enter the annual interest rate, e.g. 6.5 for 6.5%.Term (years)Common terms are 15 or 30 yearsAnnual property tax ($)Annual insurance ($)Annual PMI ($)Enter 0 if not applicable. PMI is often required for down payments under 20%.

Enter home price, down payment, rate, and term. Annual costs are optional.

Your results

Your monthly payment and cost breakdown will appear here.

Monthly payment: -
Total interest: -
Total loan cost: -

Payment breakdown (monthly)

Principal & interest: -
Property tax: -
Insurance: -
PMI: -

Loan amount borrowed: -. Total loan cost is principal and interest over the full term; it does not include taxes, insurance, or PMI, which change year to year.

Help & support

Frequently Asked Questions

Quick answers to common questions about the Mortgage calculator.

What does P&I mean?

P&I is the monthly principal and interest payment calculated from the fixed-rate amortization formula.

What does PITI mean?

PITI stands for principal, interest, property taxes, and homeowners insurance. This page also adds PMI when entered.

Is the displayed PITI my full housing cost?

Only for the annual costs you enter. HOA dues, maintenance, utilities, fees, and changing escrow costs are not included.

Does the calculator infer PMI?

No. Enter an annual PMI estimate from a relevant quote if applicable.

Why can a lender payment differ?

A lender may use different fees, timing, escrow estimates, APR components, and rounding.