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Mortgage Calculator
Instant monthly payment estimate with taxes and insurance.
Read the mortgage guideEstimated Monthly Payment
$0
Includes principal, interest, taxes & insurance.
Total Interest
$0
Total Paid
$0
Payoff Time
—
PMI (monthly)
$0
Scenario B Payment
—
Quick facts
- Payments include principal, interest, taxes, and insurance.
- Down payment reduces loan size and total interest.
- Rates change monthly; check current offers.
How this calculator works
This mortgage calculator estimates your monthly payment using principal + interest, plus taxes, insurance, HOA, and PMI when applicable. It also models the impact of extra payments and bi‑weekly schedules.
Key assumptions
- Interest is compounded monthly using the stated APR.
- Taxes/insurance/HOA are spread evenly across 12 months.
- PMI is estimated from the PMI rate when LTV > 80%.
Example
Example: $350,000 home, $70,000 down, 6.5% APR, 30 years. The calculator estimates monthly payment, total interest, and payoff time; adding $200 extra reduces total interest and payoff time.
FAQs
- Should I include HOA? Yes—if your property has HOA dues, include the monthly amount for a realistic payment.
- What is PMI? Private Mortgage Insurance applies when your down payment is under 20% of the home price.
- Does this include closing costs? Yes, if you enter closing costs in Advanced; they are added to total paid.
Sources: CFPB • Federal Reserve • IRS
Last updated: 2026-02-04