Mortgage Payment Calculator

Mortgage Payment Calculator: Estimate monthly principal and interest plus property tax, insurance and HOA costs.

Mortgage Payment Calculator

Mortgage Payment Calculator: Enter the home price, down payment, annual fixed interest rate and whole-year loan term. Add estimated yearly property tax and home insurance plus monthly HOA dues if applicable. All amounts use the same currency unit.

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How to use Mortgage Payment Calculator

Enter the home price, down payment, annual fixed interest rate and whole-year loan term. Add estimated yearly property tax and home insurance plus monthly HOA dues if applicable. All amounts use the same currency unit.

How Mortgage Payment Calculator calculates the result

For a fixed-rate mortgage, calculate the principal from the financed portion of the home price. Use the monthly interest rate and number of monthly payments in the amortization formula. Property tax, insurance and fees are separate costs unless explicitly included.

Example

A 300,000 home with a 60,000 down payment, 0% interest over 30 years, yearly tax of 2,400, insurance of 1,200 and monthly HOA dues of 100 has an estimated monthly total of 1,066.67.

What to know

Estimate for fixed-rate amortization only. Excludes PMI, loan origination and closing costs, escrow changes, maintenance, changing tax rates, and variable rates. Confirm actual lender terms before decisions.