Enter price, down payment, annual rate and term to estimate monthly principal and interest.
U.S. fixed-rate mortgage estimates
Mortgage Calculator
See your true monthly mortgage cost — principal, interest, tax, insurance, PMI and HOA broken down. Extra-payment savings modeled. Free, no signup.
Your estimate
Know your payment. Know the assumptions.
Enter a price, down payment and rate to see principal, interest, housing costs and a transparent PMI timeline.
Start with the core payment, then complete the housing-cost picture.
Add actual tax, insurance, PMI, HOA and extra principal. Costs you do not add are not silently assumed to be zero.
Compare principal and interest, included costs and PMI timing; use it to compare scenarios, not replace a lender quote.
See what is calculated, what is missing and where the estimate applies.
U.S. conventional fixed-rate loans with standard monthly amortization; not FHA, VA, USDA, ARM, interest-only, balloon or recast loans.
Standard monthly amortization is used. Estimated 78% automatic termination and 80% potential request points are shown separately.
Uses owner-occupied average effective tax rates. It is a state benchmark; county bills, assessments and exemptions vary.
Property-tax source: Tax Foundation Facts & Figures 2026, Table 33 (calendar year 2024; owner-occupied average effective rates). Rates, taxes, insurance, PMI and HOA are not fetched externally; they come from your browser inputs or selections.
Methodology last reviewed: September 2026
This calculator is for educational and estimation purposes only. It does not provide a loan offer, approval, tax advice, legal advice or financial advice. Actual mortgage payments, taxes, insurance, PMI and lender terms may differ.
Mortgage calculator questions
Why is my real mortgage payment higher than basic calculators show?
A basic result often includes only principal and interest. Taxes, insurance, PMI, HOA dues, and lender-specific charges can make the actual monthly cost higher.
How much can extra payments save?
Extra principal can reduce the balance faster, lowering total interest and potentially shortening the payoff term. Results depend on your loan and payment timing.
When can I drop PMI?
For many conventional U.S. loans, cancellation eligibility and automatic termination depend on loan-to-value rules and lender requirements. Confirm the details with your servicer.
Is my financial data uploaded?
No. Your inputs are used for a local estimate in this browser and are not uploaded to ToolkitLoop.
Related tools