Mortgage Calculator

Calculate your monthly mortgage payment including principal, interest, taxes, insurance, PMI, and HOA fees.

Loan Details

Enter your home purchase information

Home Price

$400,000

Down Payment

Interest Rate

7.00%

Loan Term

Additional Costs

Property taxes, insurance, and fees

Property Tax Rate (annual)

1.20%

Home Insurance (monthly)

HOA Fees (monthly)

PMI Rate (annual)0.50%

PMI is required when down payment is less than 20%

Monthly Payment

$2,762

Principal & Interest$2,128.97

Property Tax$400.00

Home Insurance$100.00

PMI$133.33

Loan Summary

Loan Amount$320,000

Down Payment$80,000

Loan-to-Value Ratio80.0%

Total Interest$446,428

Total Cost$1,074,428

Note: This calculator provides estimates for educational purposes. Actual mortgage terms may vary based on your credit score, lender requirements, and market conditions.

Amortization Schedule

Estimated balance and equity over the loan term