About the mortgage calculator
Your monthly housing payment is more than principal and interest. This calculator adds optional property tax, homeowners insurance, and HOA fees so you can see a fuller estimate. Results are for planning; your lender’s official estimate will include items like mortgage insurance and closing costs.
How to use this calculator
- Enter the home price and down payment.
- Enter the interest rate and term.
- Optionally add yearly property tax and insurance, and monthly HOA fees.
Worked examples
- $80,000 down → $320,000 loan
- 6.5% for 30 years → P&I ≈ $2,022.62
- Tax $4,800/yr + insurance $1,200/yr → $500/mo
About $2,522.62 per month.
Measurement guidance
Property tax
Your county or local tax office publishes tax rates; recent listings often show the previous year’s tax bill.
Frequently asked questions
Does this include PMI?
No. Lenders may require mortgage insurance with smaller down payments.
Why does my lender’s number differ?
Lenders include exact taxes, insurance, escrow, and fees, which vary.
Is this financial advice?
No. Use it for planning and confirm with a lender.