Mortgage Calculator

Calculate your monthly mortgage payment, including principal, interest, taxes, and insurance (PITI).

$
$
20% of home price
%
$
$
%
Private Mortgage Insurance (if down payment < 20%)
$

Your Mortgage Summary

Monthly Principal & Interest: $0

Monthly Property Tax: $0

Monthly Home Insurance: $0

Monthly PMI: $0

Monthly HOA Fees: $0

Total Monthly Payment: $0

Total Loan Amount: $0

Total Interest Paid: $0

Total Cost: $0

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How to Use the Mortgage Calculator

  1. Enter the Home Price.
  2. Input your Down Payment amount or percentage.
  3. Select the Loan Term in years.
  4. Enter the annual Interest Rate.
  5. Provide estimated Annual Property Tax and Home Insurance costs.
  6. Enter the PMI rate if your down payment is less than 20%.
  7. Include any monthly HOA Fees if applicable.
  8. Click "Calculate" to see the detailed mortgage summary.

Understanding the Results:

  • Monthly Principal & Interest (P&I): The core payment towards your loan balance and interest.
  • Monthly Taxes & Insurance (T&I): Estimated monthly cost for property taxes and homeowner's insurance (often held in escrow).
  • PMI: Private Mortgage Insurance, typically required for down payments below 20%.
  • Total Monthly Payment: The sum of P&I, T&I, PMI, and HOA fees.
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