Mortgage Calculator

Calculate your estimated monthly mortgage payment including principal, interest, taxes, and insurance.

🏠 Loan Details

Home Price ($) Down Payment ($)

20% of home price

Interest Rate (%) Loan Term (years) 15 years 20 years 30 years

💰 Additional Costs (Optional)

Annual Property Tax ($) Annual Home Insurance ($) PMI (Monthly) ($)

Usually required if down payment is less than 20%

HOA Fees (Monthly) ($)

Your mortgage calculation will appear here.

📋 Mortgage Terms Explained

• Principal & Interest: The main loan payment (principal) plus interest charges
• Property Tax: Annual tax on your property, usually paid monthly with mortgage
• Home Insurance: Required insurance to protect your home
• PMI: Private Mortgage Insurance, required if down payment is less than 20%
• HOA: Homeowners Association fees for community maintenance