Mortgage Calculator
Estimate your monthly mortgage payment including taxes, insurance, and PMI.
$80,000
No PMI required — down payment is 20% or more.
Estimated Monthly Payment
$2,481
Loan Amount
$320,000
Total Interest
$408,142
Overview
Estimate your total monthly mortgage payment — principal, interest, property tax, home insurance, and PMI — plus a full amortization schedule.
How it's calculated
Monthly principal & interest uses the standard amortizing loan formula on your loan amount (home price minus down payment). Property tax and home insurance are entered as annual figures and divided by 12. PMI (Private Mortgage Insurance) is estimated as a percentage of the loan amount per year, applied only when your down payment is below 20% — lenders typically require PMI in that case.
How to use this calculator
- Enter the home price, down payment, loan term, and interest rate.
- Optionally add annual property tax, home insurance, and a PMI rate.
- See your estimated total monthly payment broken down by component, plus the full amortization schedule.
Note
This is an estimate for planning purposes. Actual lender quotes may include additional fees (HOA dues, origination fees, closing costs) not modeled here.
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