Mortgage Payment Calculator
Calculate your monthly mortgage payment including taxes, insurance, and HOA fees
Loan Details
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Your Monthly Payment
Estimated Monthly Payment
$0
Principal & Interest$0
Property Taxes$0
Home Insurance$0
Loan Amount$320,000
Down Payment$80,000
Understanding Your Mortgage Payment
Principal & Interest
This is your loan payment. Principal pays down your loan balance, while interest is the cost of borrowing.
Property Taxes
Annual property taxes divided by 12. These are collected in escrow and paid to your local government.
Home Insurance
Required by lenders to protect your home. Annual premium divided by 12 months.
PMI
Private Mortgage Insurance is required if you put down less than 20%. Typically 0.5-1% of loan amount annually.
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