Mortgage Calculator

Estimate monthly mortgage payments with taxes and insurance.

Home price ($)

Down payment ($)

Interest rate (%)

Loan term (years)

Property tax / yr ($)

Home insurance / yr ($)

Monthly payment

$2,422.62

Principal, interest, taxes & insurance

Principal & interest

$2,022.62

Property tax / mo

$300.00

Insurance / mo

$100.00

Loan amount

$320,000.00

Total interest

$408,142.36

Total paid

$872,142.36

How this calculator works

M = P · r(1+r)^n / ((1+r)^n − 1)

Uses the standard amortization formula with monthly compounding, plus a proportional split of yearly property taxes and insurance.

A $320,000 loan at 6.5% for 30 years costs about $2,023/month before taxes and insurance.