Free Mortgage Payment Calculator

Estimate your monthly mortgage payment including principal, interest, taxes, insurance, and PMI.

Mortgage Payment Calculator

Home Price: $350,000

$50K$2M

Down Payment: 20% ($70,000)

0%50%

Interest Rate: 6.85%

2%12%

Loan Term

Property Tax Rate: 1.10%

Annual Insurance: $1,800

Estimated Monthly Payment

$2,306

Loan Amount: $280,000

Principal & Interest$1,835

Property Taxes$321

Home Insurance$150

Total Interest (30yr)

$380,501

Total Loan Cost

$660,501

Estimates are for illustrative purposes. Actual rates and payments may vary.

Current Rates

See today's average rates for different loan types.

Loan Types Compared

Compare 10 different mortgage types to find the best fit.

Refinance Calculator

See if refinancing your current mortgage saves money.

How to Use the Mortgage Calculator

Adjust the sliders to match your home purchase scenario. The calculator shows your estimated monthly payment broken down into principal and interest, property taxes, homeowners insurance, and PMI (if applicable).

Home Price: The full purchase price of the property you are considering.

Down Payment: The percentage of the home price you will pay upfront. Putting 20% or more down eliminates PMI.

Interest Rate: The annual mortgage rate. Check our current rates page for today's averages.

Loan Term: 30-year loans have lower monthly payments, while 15-year loans save significant interest over the life of the loan.