About this tool
Estimate a monthly mortgage payment with optional taxes and insurance.
This tool runs directly in your browser and requires no account.
FREE ONLINE TOOL
Mortgage Calculator
Estimate a monthly mortgage payment with optional taxes and insurance.
Mortgage Calculator
How to use the Mortgage Calculator
Estimate a monthly mortgage payment using the home price, down payment, interest rate, and loan term. Optional property-tax and homeowners-insurance amounts can be included for a more useful monthly planning estimate.
How the calculation works
The principal-and-interest portion uses the standard fixed-rate amortization formula. Optional annual taxes and insurance are divided by 12 and added to the monthly estimate.
Example / tip
Changing the down payment, interest rate, or loan term can significantly change the estimated monthly payment, so try several scenarios before comparing homes.
Frequently asked questions
Does this include PMI?
No. Private mortgage insurance may apply depending on the loan and down payment.
Does this include HOA fees?
No. Add HOA fees separately when estimating your complete housing budget.
Is this a lender quote?
No. It is a planning estimate; actual loan costs depend on the lender, loan program, credit profile, fees, and other factors.