Mortgage Calculator

See your monthly payment amount

This calculator will compute a mortgage's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. This calculator will also compute your total mortgage payment which will include your property tax, property insurance and PMI payments.

Mortgage loan amount

The total amount you would be borrowing to purchase the home.

Mortgage loan term (years)

The annual interest rate you expect to pay on this mortgage (e.g. enter 6% as 6).

Annual interest rate (APR)

The number of years you will be financing the home loan for.

Annual real estate taxes

The annual property tax payment you expect to pay. As a rule of thumb, you can expect to pay 1.1% (home price X .011) of the purchase price per year.

Annual homeowners insurance

The annual homeowner insurance payment you expect to pay. As a rule of thumb, you can expect to pay 1.5% (home price X .015) of the purchase price per year.

Monthly PMI (Private Mortgage Insurance)

If your downpayment is less than 20% of the value of the property, you may be required to pay PMI ranging between 0.02% and 0.07% of your principal each month. (e.g. principal*.0002).
Monthly Principal and Interest
Monthly Taxes, Insurance and PMI
Total Monthly Mortgage

This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.