Mortgage Payment Calculator

Replace the example figures with the home's price and your planned down payment. Enter the down payment in dollars or as a percentage; the other field updates automatically. Choose the loan term and use your lender's interest rate, rather than APR.

Enter property taxes and homeowners insurance as annual amounts, then add monthly association dues and any mortgage insurance quoted by your lender. Our property tax estimator can help you plan for your ownership rather than relying on the seller's current bill.

The result combines principal and interest with the taxes, insurance, and dues you enter. Principal repays the money borrowed; interest is the cost of borrowing it. The breakdown shows how much of the estimated monthly cost comes from the loan and how much comes from owning the property.

Annual taxes and insurance are divided by 12, even if you pay those bills separately from your mortgage. This gives you a monthly figure to compare with your budget. Mortgage insurance is included only when you enter an amount; it is not calculated automatically.

Select Compare another estimate to keep your first set of figures while trying a different down payment, rate, or loan term. Change one item at a time to see its effect on the monthly payment. To compare another home, update its price, taxes, insurance, and dues too.

This fixed-rate mortgage estimate is a planning tool, not a borrowing limit or loan offer. Allow separately for closing costs, utilities, maintenance, and repairs. Review your lender's Loan Estimate for the proposed payment and cash needed to close.