What is included in a total monthly mortgage payment?

A total monthly housing estimate can include principal, interest, property taxes, homeowners insurance, mortgage insurance when applicable, and homeowners association fees. Actual lender payments and separately billed costs can differ.

Is this a lender quote or mortgage approval?

No. This calculator provides educational estimates only. It is not a lender quote, rate lock, prequalification, preapproval, appraisal, or loan approval.

Does the calculator include PMI?

Yes. For a conventional-loan estimate, the calculator can add user-entered annual PMI when the down payment is below 20 percent. Actual mortgage-insurance rules and costs depend on the loan program and lender.

Do entries leave my device?

No. The calculator runs in the browser and does not submit the entered financial values to the site owner.

Eductional mortgage calculator - independent analysis

Mortgage Calculator, Estimate your complete monthly mortgage payment

Calculate principal and interest, property taxes, homeowners insurance, estimated PMI, HOA fees, extra-payment savings, and a full amortization schedule—without creating an account.

Runs locally in your browser No registration Transparent methodology

Mortgage payment calculator

Monthly payment with taxes, insurance, PMI and HOA

Your entries stay on this device

Home and loan

Home price $ Down payment % Interest rate (example—not live) % Loan term First payment month

Taxes, insurance and fees

Property tax rate / year % Homeowners insurance / year $ HOA dues / month $ Estimated PMI rate / year %

Optional extra payment

Extra principal / month $

Estimated payment

Total monthly housing cost

Estimated first-month total. Taxes, insurance, HOA, and mortgage insurance may change.

Principal & interest$0

Property taxes$0

Homeowners insurance$0

Estimated PMI$0

HOA dues$0

Loan amount$0

Down payment$0

Total interest$0

Estimated payoff—

Estimate only. The calculator assumes a fully amortizing fixed-rate loan and user-entered costs. It does not include closing costs, points, lender fees, changing escrow amounts, special assessments, or every loan-program rule.

Loan schedule

Annual amortization summary

Calculated from the values above.

Year	Principal paid	Interest paid	Ending balance

Budget check

Affordability estimate

Compare your estimated housing payment with gross monthly income and recurring monthly debt. This is a budgeting aid—not an underwriting decision.

Housing-to-income ratio —

Total debt-to-income ratio —

Enter your information and calculate the mortgage payment first.

Lenders use different qualification standards and may calculate income, debts, taxes, insurance, HOA dues, and mortgage insurance differently. A comfortable personal budget may be lower than a lender’s maximum.

Transparent calculation

How the calculator works

The principal-and-interest payment uses the standard fixed-rate amortization formula. The calculator then adds monthly estimates for property taxes, homeowners insurance, PMI when applicable, and HOA dues.

Extra payments are applied to principal after the scheduled monthly principal-and-interest payment. Taxes, insurance, PMI, and HOA are excluded from the interest-savings comparison because they do not reduce the mortgage balance.

Read formulas, assumptions and sources

Common questions

Mortgage calculator FAQ

What is included in the total monthly estimate?

Principal and interest plus user-entered estimates for property taxes, homeowners insurance, PMI when applicable, and HOA dues. Your actual payment and separately billed housing costs can differ.

Is the displayed interest rate current?

No. The starting rate is an editable example, not live market data, an advertisement, or a lender quote. Enter a rate from a lender’s written Loan Estimate when comparing a specific offer.

When does the calculator remove PMI?

For modeling only, estimated PMI stops after the scheduled balance reaches 80% of the original home price. Actual cancellation, termination, loan-program, appraisal, seasoning, and payment-history rules can differ.

Does the site store my financial information?

No. Calculations run locally in the browser. The forms do not submit your entered financial values to the site owner.

Can this result be used as a mortgage approval?

No. It is an educational estimate and cannot replace a lender’s Loan Estimate, Closing Disclosure, underwriting decision, tax advice, insurance quote, appraisal, or legal advice.