Mortgage Payment Calculator
Estimate a monthly mortgage payment.
The core mortgage payment
Principal and interest follow the standard amortized formula from loan amount, rate, and term. A $300,000 loan at 6% over 30 years is about $1,799 a month before tax and insurance.
Escrow for property tax and insurance often adds a few hundred to the payment, so the principal-and-interest figure here is the floor, not the full monthly cost of owning.
Not the full payment
Property tax, insurance, and any HOA add to the real monthly cost. Your mortgage figures stay on your device and are never uploaded.
Frequently asked questions
How do I enter the price and rate?
Two comma-separated pairs: "home price, down payment" and "APR, years". The defaults "450000, 90000" and "6.75, 30" give a $360,000 loan at $2,334.95 principal and interest.
What is included in the monthly total?
Principal and interest plus the monthly tax and insurance figure you enter. With $650 for taxes and insurance, the default example totals $2,984.95.
Does it include PMI or HOA fees?
Not separately. Add PMI (common with less than 20% down) and HOA dues to the tax and insurance box to include them in the monthly estimate.
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