Mortgage Calculator
Free · no sign-up · reviewed July 2026
This mortgage calculator shows your real monthly payment, not just principal and interest, but property taxes, homeowners insurance and HOA fees too, so the number matches what you'll actually pay.
Just drag the sliders. Everything updates instantly, and the ring shows exactly where your money goes each month.
Drag to adjust
Your monthly payment
$2,472.62
$2,022.62 loan + $450.00 taxes, insurance
💡 Over 30 years you'd pay $408,142 in interest, more than the $320,000 you borrowed. A shorter term cuts that dramatically.
- Principal & interest$2,023
- Property tax$300
- Home insurance$150
- Loan amount
- $320,000
- Total interest paid
- $408,142
- Total of all payments
- $728,142
The 2-minute guide
PITI: the four parts of your payment
Your monthly payment is really four things bundled together: Principal, Interest, Taxes and Insurance. The principal and interest go to your lender; taxes and insurance are often collected with your payment and held in an 'escrow' account. That's why the true payment is bigger than a simple loan calculator suggests.
The rate matters more than the price
A small change in interest rate moves your payment and total cost a surprising amount, because you pay it on every dollar for decades. Shopping a few lenders for a slightly better rate can save more than haggling over the home price.
Watch the total interest
On a 30-year loan you can easily pay nearly as much in interest as the home cost. A shorter term or extra principal payments cut that dramatically. Try switching to a 15-year term above to see the difference.
Aim for 20% down if you can
Putting 20% down lets you skip PMI (private mortgage insurance), a monthly fee lenders add when your down payment is smaller. It also lowers what you borrow, shrinking both your payment and your lifetime interest.
Frequently asked questions
What's included in a monthly mortgage payment?
Four things, often called PITI: Principal, Interest, Taxes and Insurance. Many payments also include HOA dues and, if your down payment is under 20%, PMI. This calculator adds up principal, interest, taxes, insurance and HOA.
How much house can I afford?
A common rule of thumb is to keep your total monthly housing payment under 28% of your gross (before-tax) monthly income. Try lowering the home price slider until the payment fits that range.
Does a bigger down payment lower my payment?
Yes, a larger down payment means you borrow less, so both your monthly payment and total interest drop. Reaching 20% down also lets you avoid PMI.
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