See the full picture of your home loan.
Adjust the numbers and instantly understand your monthly payment, lifetime cost, and how every payment builds equity.
Calculate your true monthly mortgage payment
Use this mortgage calculator to estimate principal and interest, property taxes, homeowners insurance, and HOA dues in one clear monthly payment. Explore different home prices, down payments, loan terms, and interest rates before you speak with a lender.
How to use this mortgage calculator
- Enter the home price and your planned down payment.
- Set the loan term and interest rate using the term slider and numeric rate field.
- Add estimated escrow costs for annual property taxes, annual homeowner's insurance, and monthly HOA fees.
- Review your total monthly payment, principal-and-interest amount, escrow breakdown, total interest, and payoff date.
- Explore the amortization schedule to see how each payment reduces your balance, then save scenarios locally or download the schedule.
For the most useful estimate, use current figures from your lender, county tax office, insurance quote, and HOA documents. Results are estimates and are not a loan offer.
Example: $400,000 home
With a 20% down payment, a 30-year loan, and a 6.50% interest rate, the calculator shows your estimated principal-and-interest payment plus escrow costs. Adjust the assumptions to match your neighborhood and budget.
What is included?
Your estimate includes loan principal, interest, annual property taxes, annual homeowners insurance, and monthly HOA fees. Taxes and insurance are estimates and can vary by location and provider.
Your loan details
Start with an estimate. You can refine it anytime.
Lifetime payment breakdown
Monthly payment breakdown
Amortization schedule
See how each payment is split between principal and interest.
| Payment | Payment amount | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| Your payment breakdown will appear here. | ||||
Saved scenarios
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Mortgage calculator FAQs
What does escrow mean in a mortgage payment?
Escrow is the portion of your monthly payment set aside for recurring property taxes and homeowners insurance. Some lenders also collect other property-related costs.
How does a down payment change my payment?
A larger down payment reduces the loan principal, which generally lowers principal-and-interest payments and total interest over the life of the loan.
Are HOA fees included in mortgage payments?
HOA fees are usually paid separately, but adding them here gives you a more realistic estimate of your total monthly housing cost.
What is a good down payment for a first-time homebuyer?
The right down payment depends on your budget, loan program, cash reserves, and closing costs. A larger down payment may reduce the loan balance, while some qualified buyers may use programs with lower down-payment requirements.
What credit score do I need to buy a home?
Minimum credit-score requirements vary by lender and mortgage program. Your score can affect eligibility, interest rate, mortgage insurance, and borrowing costs, so compare official lender estimates rather than relying on one general number.
How much house can I afford as a first-time buyer?
Start with the full monthly housing cost—not only principal and interest. Include taxes, homeowners insurance, HOA dues, mortgage insurance if applicable, debts, emergency savings, and closing costs when setting a comfortable budget.