Educational information for U.S. homebuyers. Not a lender offer or personalized financial advice.
Homeownership Numbers · Calculators

Mortgage Calculator

Estimate your monthly principal-and-interest payment, then add property taxes, homeowners insurance, and optional PMI to see a broader monthly housing estimate.

Read the Mortgage Payments Guide
By Homeownership NumbersU.S. dollar estimates
A calculator beside a model home for a mortgage estimate.
Illustrative editorial image: A calculator beside a model home for a mortgage estimate. This image is illustrative and does not represent a loan offer or a personal financial result.

The starting values below are sample inputs to demonstrate the tool. They are not national averages, property-specific estimates, a lender quote, or a current mortgage-rate offer. Replace each value with information relevant to your situation.

Enter Your Mortgage Details

Enter the property and loan assumptions. Optional costs can be left at zero if you do not have an estimate yet.

Purchase price before your down payment.
Cash paid toward the purchase price.
Enter 0 for a no-interest math test; real mortgage terms vary.
Use an annual estimate for this property.
Use an insurer's estimate when available.
Enter the amount quoted by your lender. This calculator does not estimate PMI automatically.

The amount financed is calculated as Home Price minus Down Payment. HOA dues, utilities, maintenance, closing costs, and other expenses are not included.

Your Estimated Monthly Payment

Estimated total monthly amount$2,248.65

Based on the inputs at left. Taxes, insurance, and PMI are user-provided estimates.

Loan Amount$300,000.00
Monthly Principal and Interest$1,798.65
Monthly Property Tax$300.00
Monthly Homeowners Insurance$150.00
Monthly PMI$0.00

Loan totals (principal and interest only)

Total Interest Over the Loan Term$347,514.57
Total Scheduled Principal and Interest$647,514.57

Lifetime loan totals include scheduled principal and interest only. They do not project future taxes, insurance, PMI, HOA dues, fees, rate changes, or extra payments. Actual payment amounts and escrow adjustments depend on your loan and property.

Official Sources and Further Reading

Understand every part of the payment

Read the Mortgage Payments guide for a plain-language explanation of PITI, escrow, and mortgage insurance.

Mortgage Payments Guide

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