Calculator

Mortgage payment calculator

The whole monthly payment, not just principal and interest. Add taxes, insurance, mortgage insurance and HOA, then see what an extra $100 a month does to the payoff date.

Loan

Home price

Down payment

Interest rate (%)

Term

Start month

Start year

Taxes, insurance, PMI, HOA

Property tax

Homeowners insurance ($/year)

HOA ($/month)

PMI rate (% of loan per year)

PMI

Extra payments (optional)

Extra each month

Extra once a year (in start month)

One-time extra payment

Applied at payment number

Estimated monthly payment

Principal & interest
Taxes
Insurance
PMI
HOA

Principal & interest–
Property taxes–
Homeowners insurance–
PMI–
HOA–

Loan summary

Loan amount–
Down payment–
Loan-to-value–
Total interest–
Total of principal and interest–
Estimated payoff–
PMI drops off–
Interest saved by extra payments–
Time saved–

Estimates only. Actual payments depend on credit, program, property taxes, insurance, mortgage insurance, HOA, and final loan terms. PMI removal assumes you request cancellation at 80% of the original value; it ends automatically at 78% on schedule. Not a commitment to lend. Key terms: PMI is private mortgage insurance on conventional loans under 20% down; LTV is loan-to-value; HOA is a homeowners association fee.

Get an accurate estimate

Amortization by year

Year	Principal	Interest	Extra	PMI	Ending balance

Amortization by month (first 40 years)

#	Month	Total payment	Principal	Interest	Extra	Balance

Before you compare rates

Two lenders can quote the same rate and produce payments hundreds of dollars apart, because the rate isn't the loan. Taxes, insurance, mortgage insurance, and the fees that get rolled in are. The right way to compare is Loan Estimate to Loan Estimate, same day. I made a 24-minute video on exactly how to read one.

You don't need all the answers to ask the first question.

Tell me what you're considering. A 15 to 30 minute conversation, then within one business day your options in writing, or the plain reason it doesn't fit yet and what would change that. No application, no credit pull.

The consultation and the options review are free. If you choose to proceed, third-party costs such as HUD counseling and an appraisal may be due before closing. Licensed in 20 states; see the full list below.

Talk with Dave Ask a question instead

Prefer the phone? 623-698-5294, Arizona time.