Monthly Payment Calculator
Calculate your total monthly mortgage payment including principal, interest, taxes, insurance, and other costs. Get a detailed breakdown and amortization schedule.
✓ Principal & Interest calculations
✓ Property taxes & insurance
✓ PMI calculations
✓ Amortization schedule
Monthly Payment Calculator
Calculate your total monthly mortgage payment including taxes and insurance
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Understanding Your Monthly Payment
What's Included (PITI)
- • Principal: Payment toward your loan balance
- • Interest: Cost of borrowing the money
- • Taxes: Property taxes collected by your lender
- • Insurance: Homeowners insurance and PMI if applicable
Key Factors
- • Down Payment: Affects loan amount and PMI
- • Interest Rate: Determines borrowing cost
- • Loan Term: 15-year vs 30-year options
- • Local Costs: Property taxes and insurance rates
How to Use This Calculator
1
Enter Loan Details
Input home price, down payment, interest rate, and loan term.
2
Add Optional Costs
Include property taxes, insurance, PMI, and HOA fees.
3
Review Results
See your payment breakdown and download the amortization schedule.