Mortgage Payment Calculator

Calculate your monthly mortgage payment in seconds — with PMI, extra payments, and payoff date.

Loan details

Start here

Home price

Down payment

$ %

Down payment in dollars.

Loan term (years)

Interest rate (APR %)

Extra payment (monthly, optional) Applied to principal each month after interest.

Start date (month) Used for payoff date estimate.

Monthly extras (optional)

Property tax (per year)

Home insurance (per year)

HOA (per month)

PMI

Auto-estimate PMI (based on LTV)

Estimated PMI rate 0.00% / yr

Estimated PMI cost $0 / mo

PMI estimate is a rough guideline. Your lender’s PMI may differ.

Estimates only. Results can vary due to taxes, insurance, PMI rules, fees, and rounding.

Results

Monthly payment (P+I)

Total monthly payment

Loan amount$0

Estimated PMI (monthly)$0

Total interest (life of loan)$0

Total paid (P+I)$0

Payoff date (estimated)—

Time saved (vs no extra)—

Interest saved (vs no extra)—

View amortization schedule

Month	Payment	Principal	Interest	Extra	Balance

How this mortgage calculator works

This tool estimates your monthly mortgage payment using your home price, down payment, interest rate, and loan term. Your base payment includes principal and interest (P&I). You can also include property taxes, home insurance, HOA fees, and an estimated PMI amount if your down payment is under 20%.

What does PMI mean?

PMI (private mortgage insurance) is often required when your loan-to-value (LTV) is above 80%. This calculator can estimate PMI based on your LTV, or you can enter your own PMI amount if you already know it.

Extra payments

Adding a small extra payment each month can shorten your loan and reduce total interest. This calculator shows an estimated payoff date, plus the time and interest saved compared to making only the scheduled payment.

FAQ

Is this exact? No. It’s a strong estimate, but real payments vary by lender, taxes, insurance, PMI rules, and fees.

Does the monthly payment include taxes and insurance? Only if you enter them in the optional fields.

How do I save or share results? Use “Download PDF” or export the amortization schedule as CSV.