Calculate your monthly mortgage payment including principal, interest, taxes, insurance, and PMI. Get a detailed breakdown and amortization schedule to plan your home purchase.
| Month | Payment | Principal | Interest | Balance |
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The principal is the amount you borrowed, and interest is what you pay the lender for borrowing the money. Early in your loan, most of your payment goes toward interest.
Annual property taxes divided by 12. These are typically collected by your lender and held in escrow to pay your local tax authority.
Required by lenders to protect their investment. Covers damage from fire, storms, theft, and other covered perils.
Required when you put down less than 20%. Protects the lender if you default on the loan. Can be removed once you reach 20% equity.
Check your local county assessor's website or ask a real estate agent for typical property tax rates in your area.
Home insurance rates vary significantly. Get quotes from multiple insurers to find the best rate for your situation.
Don't forget about HOA fees, utilities, maintenance, and repairs when budgeting for homeownership.
This calculator provides estimates. For accurate rates and terms, get pre-approved with a lender who will verify your income, credit, and assets.
Learn about different mortgage types and find the best option for your situation. Our educational guides help you understand the home buying process.
Disclaimer: This calculator provides estimates for educational purposes only. Actual loan terms, rates, and payments may vary based on your credit score, debt-to-income ratio, loan program, and lender requirements. Consult with a qualified mortgage professional for personalized advice.