Mortgage Calculator
Estimate the monthly cost of a home loan and see more than principal and interest. Add property tax, homeowners insurance, HOA dues and optional extra payments for a fuller planning view.
Use Mortgage Calculator →How our calculator estimates workWhat the mortgage calculator does
The calculator subtracts your down payment from the home price, applies a fixed-rate amortization formula to the remaining loan balance, and adds the property tax, insurance and HOA amounts you enter to the monthly estimate.
Information you can enter
- Home price and down payment
- APR and mortgage term
- Property tax, homeowners insurance, HOA and optional extra monthly payment
How to use it
- Enter the home price, down payment and proposed loan terms.
- Add recurring housing costs such as property tax, insurance and HOA dues.
- Calculate to review the estimated monthly payment, interest cost and amortization details.
What can change the result
The amount financed after the down payment is the principal used in the mortgage payment calculation.
The rate and number of scheduled payments drive principal-and-interest cost.
Property tax, insurance and HOA can materially increase the all-in monthly amount beyond principal and interest.
Frequently asked questions
Does this include property tax and homeowners insurance?
Yes, when you enter those annual amounts. The calculator also accepts monthly HOA dues.
Does an extra payment reduce interest?
The tool can model an extra monthly payment, which generally pays principal down faster and can reduce interest over the life of the loan.
Is this the same as a lender Loan Estimate?
No. A lender Loan Estimate includes official loan terms and closing-cost information. This calculator is for planning and comparison.