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.