Mortgage Payment Calculator
Explore an estimated monthly home payment, compare down payment options, and see how taxes, insurance, and other housing costs affect your budget.
Enter Your Loan Details
Change any value to update your estimate.
Other Monthly Housing Costs
Use your best estimates or figures from the property listing.
Estimated Closing Costs
Monthly Payment Breakdown
Loan Summary
Down payment plus estimated closing costs. Does not include prepaid items, deposits, or other transaction-specific adjustments.
This calculator provides educational estimates only. It is not a loan offer, interest-rate quote, affordability determination, or preapproval. Actual payments and closing costs vary by lender, loan program, property, insurance coverage, taxes, and other factors. PMI is simplified for illustration and may differ from actual lender calculations. HOA fees are shown as a budgeting cost and may be paid separately from the mortgage servicer.
Planning to Buy a Home or Investment Property?
Use the calculator to explore different scenarios. Before making a purchase decision, confirm loan terms with a qualified mortgage lender and verify property taxes, insurance, HOA fees, and other costs for the specific property.
Looking at a rental investment? You can also use our Rental Property Calculator to explore potential rental income and operating expenses.