Mortgage Monthly Payment Calculator : Free Online calculator

Loan Details

Home Price ($)

Down Payment ($)

Annual Interest Rate (%)

Loan Term

Optional Estimates

Annual Property Tax ($)

Annual Home Insurance ($)

PMI Rate (% of loan/yr, if <20% down)

Monthly HOA Fees ($)

Your Results

Total Estimated Monthly Payment

:

Loan Amount

:

Principal & Interest

:

Monthly Property Tax

:

Monthly Home Insurance

:

Monthly PMI

:

Monthly HOA

:

Total Interest Paid

:

Total Cost of Loan

:

Down Payment %

:

How It Works

The monthly principal & interest is calculated using the standard amortization formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1], where P = loan amount, r = monthly interest rate, and n = total number of payments. Property tax, insurance, PMI, and HOA are divided into monthly amounts and added on top.