Mortgage Calculator
Monthly payment with taxes, insurance, PMI & HOA — plus a chart, print and PDF export.
Loan Details
| Payment | Monthly | Total |
|---|---|---|
| Principal & Interest | $0 | $0 |
| Property Tax | $0 | $0 |
| Home Insurance | $0 | $0 |
| PMI | $0 | $0 |
| HOA Dues | $0 | $0 |
| Total | $0 | $0 |
| Year | Principal Paid | Interest Paid | Total Paid | Remaining Balance |
|---|
How to Use the Mortgage Calculator
- Enter the home price and your planned down payment — in dollars or percent, whichever you prefer.
- Choose your loan term and expected interest rate.
- Turn on "Include taxes & costs" to see your full estimated monthly payment (PITI), each entered as an annual $ amount or as a % of home price/year.
- Press Calculate to see your monthly breakdown, chart, and yearly amortization schedule — then print or save the results as a PDF.
Understanding Your Mortgage Payment
Most U.S. mortgage payments are made up of four parts, remembered by the acronym PITI:
- Principal — the portion that pays down your loan balance.
- Interest — the cost of borrowing, charged by your lender.
- Taxes — property taxes collected by your local county/municipality, often paid monthly into an escrow account.
- Insurance — homeowners insurance, and PMI if your down payment is under 20%.
If your home is part of a homeowners association, you'll also pay HOA dues, which this calculator lets you include.
Frequently Asked Questions
A typical U.S. monthly mortgage payment is made up of four parts, often called PITI: Principal, Interest, Taxes, and Insurance. Many homeowners also pay PMI (if their down payment is under 20%) and HOA dues if their property is part of an association.
20% of the home price is the common benchmark because it lets you avoid Private Mortgage Insurance (PMI). However, many conventional loans allow down payments as low as 3-5%, and FHA loans allow as low as 3.5%.
Private Mortgage Insurance (PMI) is typically required by lenders when your down payment is less than 20% of the home's value. It protects the lender if you default and is usually removed once you reach 20% equity.
It uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the loan amount, r is the monthly interest rate, and n is the total number of monthly payments.