Finance Calculators

Mortgage Calculator

Calculate your estimated monthly mortgage payment, including principal, interest, taxes and insurance.

Home price

Down payment

Annual interest rate

Loan term

years

Annual property tax

Annual home insurance

Loan amount —

Principal & interest —

Total monthly payment —

Total interest over loan —

About the Mortgage Calculator

Your monthly mortgage payment is made up of principal and interest (P&I), calculated from your loan amount, interest rate and term, plus an estimate of property taxes and homeowners insurance.

Formula: M = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate, and n is the total number of monthly payments.

This calculator estimates principal and interest, then adds monthly property tax and insurance to give a fuller picture of your total housing payment (sometimes called PITI).