Mortgage Payment Calculator
Enter the price, your down payment and the loan terms. The calculator shows the principal and interest payment, adds property tax, insurance and any monthly dues, and shows what you would pay the bank over the whole loan.
Monthly payment
Total per month-
Principal and interest-
Property tax-
Insurance-
HOA or other dues-
Loan amount-
Interest over the whole loan-
Total paid to the lender-
An estimate for planning only, not financial advice or a loan offer.
How it works
The principal and interest payment is the standard amortized loan payment: the loan amount times the monthly rate, divided by one minus the monthly rate plus one raised to minus the number of payments. Property tax and insurance are yearly amounts divided by twelve.
The rate you type is an example. Real rates depend on the lender, your credit, the property and the day, so ask a lender for a written estimate before you decide.
Find a property to run the numbers on
Questions
The loan amount is the price minus your down payment. The principal and interest payment spreads that loan over the number of months in the term at the monthly interest rate (the yearly rate divided by twelve). Property tax, insurance and any association dues are added on top.
It depends on the loan and the property. Many home loans accept a down payment of a few percent, while commercial loans often ask for 20 to 30 percent. A smaller down payment means a larger loan and a larger monthly payment.
No. Closing costs, mortgage insurance and any loan fees are not included. Ask your lender for a loan estimate that lists them.
No. The calculation runs in your browser and nothing you enter is sent to our servers.