Mortgage Calculator

Estimate your monthly mortgage payment

Knowing your estimated monthly payment can help you narrow your home search and plan your budget. Our free Mortgage Calculator estimates your full monthly payment, including principal, interest, taxes, insurance, and HOA dues, so you can compare different homeownership scenarios.

What you’ll learn 

• Your estimated monthly mortgage payment 
• How your down payment, rate, and term affects your payment  
• How property taxes, insurance, and HOA dues impact your monthly cost 

How to use the calculator

1. Enter the home price and your down payment. 
2. Set your interest rate and loan term (commonly 15 or 30 years). 
3. Add your annual property tax, annual homeowners insurance, and any monthly HOA dues. Estimates are fine if you don’t have exact figures. 
4. Review your estimated monthly payment, then adjust any field to compare different scenarios. 

Tip: A larger down payment can lower your monthly payment and may help you avoid additional costs like private mortgage insurance (PMI).