Mortgage Payment Calculator
Calculate your estimated monthly mortgage payment including principal, interest, taxes, insurance, and PMI. Get a clear picture of your homeownership costs before you buy.
Mortgage Calculator
Calculate your monthly mortgage payment
Loan Details
0.0% of home price
Additional Costs
Monthly Payment Breakdown
Total Monthly Payment
$0
Loan Summary
Disclaimer: This calculator provides estimates only. Actual payments may vary based on lender requirements, credit score, and other factors. Consult with a mortgage professional for accurate quotes.
Understanding Your Mortgage Payment
Principal & Interest
The core mortgage payment that goes toward paying down your loan balance and the interest charged by your lender.
Property Taxes
Annual taxes paid to local government, typically 1-2% of home value. Often collected monthly with your mortgage payment.
Homeowners Insurance
Required insurance to protect your home and belongings. Costs vary by location, home value, and coverage level.
PMI (Private Mortgage Insurance)
Required if your down payment is less than 20%. Protects the lender and can be removed once you reach 20% equity.
Next Steps in Your Home Buying Journey
Ready to Get Pre-Approved?
This calculator provides estimates, but getting pre-approved gives you real numbers and shows sellers you're serious. Jennifer can connect you with trusted lenders for the best rates.