Enter a home price and down payment to see your full monthly mortgage payment broken into principal, interest, taxes, insurance, mortgage insurance, and HOA dues.
Results update as you type — there is no submit button, no email wall, and no account. The interest rate field is pre-filled with the latest national average 30-year fixed rate published on our mortgage rates page, with the survey's publication date shown beneath it, and every field is editable. Inputs used: Home price, Down payment, Loan term, Interest rate, Property tax (annual % of price), Homeowners insurance (annual), HOA dues (monthly), PMI rate (annual % of loan), ZIP code (optional).
A calculator does not know your credit profile, your documentation type, or the county tax assessment on a specific address. A licensed loan officer does. Send the exact scenario you just ran to a loan officer licensed in your state — free, with no account to create. Every loan officer shown is a LoanOfficer.ai user who opted into our loan officer directory, listed in even rotation with no paid placement.
Each loan officer card shows their photo, name, company, NMLS number, licensed states, specialties, and languages, with a link to their full directory profile and a "Start a conversation" chat window that opens a private thread with that loan officer, attaching the home price, down payment, loan amount, rate, term, and estimated monthly payment you just calculated. Their AI assistant replies in the chat within seconds, and every loan officer has their own separate conversation.
Principal and interest use the standard fixed-rate amortization formula. The loan amount is the home price minus your down payment. That amount is multiplied by the monthly interest rate — the annual rate divided by 12 — and adjusted by the number of payments in the term, which is the years you selected multiplied by 12. The result is a level payment that stays the same every month on a fixed-rate loan, while the share going to interest falls and the share going to principal rises over time.
Property taxes are entered as an annual percentage of the home price and divided by 12. Homeowners insurance and HOA dues are entered as annual and monthly dollar amounts and added as you enter them. Private mortgage insurance is estimated as an annual percentage of the loan amount, divided by 12, and it is only included while your down payment is under 20 percent — at 20 percent or more the calculator drops it automatically, because conventional loans generally do not require PMI at that point.
The interest rate field is pre-filled with the latest national average 30-year fixed rate published in the Freddie Mac Primary Mortgage Market Survey, the same snapshot shown on the Mortgage Central rates page, with the survey's own publication date displayed under the field. It is a weekly national average for education, not a quote for you. Your actual rate depends on credit score, loan amount, property type, occupancy, points paid, and the lender — so overwrite the field with any rate you have been quoted.
Total interest is the sum of every interest dollar you would pay if you kept the loan for the full term and never paid extra. Most borrowers refinance or sell long before that, so treat it as the ceiling of the loan's cost rather than a prediction. The amortization schedule below the result shows month by month how the balance falls.
The first twelve months are shown by default and the full schedule expands on request. Each row splits the payment between interest and principal and shows the balance that remains.
Principal, interest, taxes, and insurance — the four pieces most lenders include when they quote a monthly housing payment. Mortgage insurance and HOA dues are often added on top, and this calculator shows all of them separately.
There is no single right answer. Conventional loans can go as low as 3 percent down and FHA as low as 3.5 percent, while 20 percent down avoids private mortgage insurance on a conventional loan. Lower down payments preserve cash but raise both the loan amount and the monthly payment.
Lenders use your county's actual tax assessment, a real insurance quote, the exact mortgage insurance factor for your credit score and loan-to-value, and your locked rate. This calculator uses the percentages you enter, so it will be close but not identical to a Loan Estimate.
No. This calculator estimates the recurring monthly payment only. Closing costs — origination, title, appraisal, recording, and prepaid escrows — are one-time amounts due at closing and are quoted on your Loan Estimate.
On a conventional loan, private mortgage insurance generally can be removed once you reach 20 percent equity, and it terminates automatically at 78 percent loan-to-value based on the original amortization schedule. FHA mortgage insurance follows different rules and often lasts the life of the loan.
These calculators are free educational tools. Results are estimates based on the numbers you enter and are not a loan offer, rate lock, or pre-approval. Taxes, insurance, HOA dues, and mortgage insurance vary by property and lender. Talk to a licensed loan officer for figures specific to your situation.