Mortgage Calculator
Use our mortgage calculator to determine your monthly payments. Enter your loan amount, interest rate, and term for an estimate that covers principal, interest, taxes, and insurance.
Calculate monthly mortgage payments, estimate PMI, and view detailed amortization schedules for your home loan.
Mortgage Payment Summary
Monthly Payment
Loan Amount
Principal & Interest
Property Tax
Home Insurance
PMI
HOA Fees
Payment Breakdown
Principal & Interest Taxes & Insurance Other
Understanding Mortgages
- Principal is the amount you borrow
- Interest is the cost of borrowing money
- PMI is required with down payments under 20%
- Property taxes and insurance are often escrowed
- Your credit score affects your interest rate
Smart Mortgage Tips
- 20% down payment avoids PMI
- Compare rates from multiple lenders
- Check your credit score before applying
- Consider total costs, not just monthly payments
- Save for closing costs (2-5% of loan amount)
