Mortgage Calculator
Mortgage Calculator
This calculator estimates a monthly mortgage payment from four inputs: home price, down payment, interest rate, and loan term. It returns principal and interest, then adds estimated property tax, homeowners insurance, and any HOA dues so the figure reflects what actually leaves your account each month rather than the loan payment alone.
Estimated monthly payment
$2,910
- Principal & interest
- $2,528
- Property tax (est.)
- $292
- Insurance
- $90
- Loan amount / down
- $400,000 / $100,000
Estimate only, not a loan offer or financial advice. Rates, taxes, and insurance vary. We can connect you with trusted local lenders for exact figures.
What this accounts for
- Principal and interest on a fixed-rate loan
- Estimated property tax and homeowners insurance
- HOA dues, where a community charges them
- The effect of a larger or smaller down payment
An estimate for planning, not a lender quote, an appraisal, or financial advice. Your figures depend on your loan, your property, and the terms you negotiate.
Questions
How this calculator works
No. This is an arithmetic estimate from the numbers you enter. A preapproval is a lender reviewing your income, debts, assets, and credit, and it is the figure that makes an offer competitive. We can introduce you to local lenders when you are ready.
Because the result includes property tax, homeowners insurance, and HOA dues alongside principal and interest. Lenders usually collect tax and insurance monthly through an escrow account, so this is closer to the real monthly obligation than a principal-and-interest figure.
Use a rate quoted to you by a lender if you have one. Rates move, and they vary by loan type, credit profile, and down payment, so a rate from a general article may not be the rate you are offered.
No. Loans with a down payment under 20 percent typically carry mortgage insurance, which this estimate does not model. Ask a lender what it would add in your scenario.
Ready to start?
Talk through the numbers with an agent
Bring your estimate to a conversation. We will tell you what it means for the homes and communities you are considering.
More from our tools, or read the buyer guide and how we work with buyers.