US demand
Mortgage Calculator
Estimate principal and interest, taxes, insurance, PMI, and total monthly housing payment.
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Major US finance traffic
Interactive calculator
Estimate total monthly housing cost
See principal and interest separately from taxes, insurance, and PMI so the payment estimate reflects the actual monthly burden.
Visual breakdown
Monthly payment composition
This breakdown makes it easier to see how much of the projected housing payment is actual loan servicing versus taxes, insurance, and PMI.
Principal and interest
$2,335
80.6% of total
Property tax
$413
14.2% of total
Insurance
$150
5.2% of total
Results
Total monthly payment
$2,897
Principal and interest
$2,335
Loan amount
$360,000
LTV 80%
How to use it
- 01Enter the home price and your planned down payment.
- 02Set the mortgage rate and loan term in years.
- 03Add annual property tax, homeowners insurance, and PMI assumptions for a full payment estimate.
Result guide
- Principal and interest represent the amortized loan payment only.
- Taxes, insurance, and PMI are added monthly to show the full housing cost.
- The loan-to-value figure helps explain whether PMI is likely to apply.
Why this page matters
Mortgage searches are high-value because borrowers need more than a simple loan payment. They need to estimate the full monthly housing cost including taxes, insurance, and PMI.
This calculator keeps those pieces separate so you can see which costs change when you adjust down payment, term, or interest rate.
Frequently asked questions
Why is PMI shown only below 20 percent down payment?
Conventional loans commonly require PMI when the down payment is below 20 percent, so the calculator only includes it in that range.
Are property taxes and insurance exact?
No. They are user inputs because they vary by location, property value, coverage, and lender escrow setup.
Is this enough to know whether I qualify?
No. Qualification depends on credit, income, debt-to-income ratio, reserves, and lender underwriting rules. This tool estimates payment, not approval odds.
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