Mortgage Calculator
A house payment is rarely just principal and interest. Enter the price, the down payment and the rate, then add tax, insurance and HOA to see the figure that really leaves your account each month.
CRIM, if it applies
Total monthly payment
$1,580.81
Principal and interest: $1,264.14
- Principal and interest
- $1,264.14
- Tax, insurance and HOA
- $316.67
- Amount financed
- $200,000.00
- Down payment
- $50,000.00
- Total interest
- $255,090.40
- Total paid to the lender
- $455,090.40
An estimate. The real payment may include mortgage insurance if the down payment is under 20%, and closing costs are quoted separately by the lender. Tax and insurance are typed in because they depend on the property and the municipality: neither is guessed here.
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About this calculator
How this is calculated
Principal and interest come from the standard amortisation formula — the one your lender uses, and the same one behind this site's car payment calculator.
Annual tax and insurance are divided by 12 and added to the payment along with monthly HOA. That sum is what lenders call PITI, and it is what to compare against your budget.
Why tax and insurance are typed in
Because they depend on the property and the municipality, and cannot be guessed from the purchase price. Neither is invented here: you enter the figures for your own case, or the ones your lender quotes.
Important limitations
- Mortgage insurance is not included; it usually applies when the down payment is under 20%.
- Closing costs are not included and are quoted separately — often thousands of dollars.
- This is an estimate. A lender's formal offer overrides any calculator.
Learn more
Guides explaining the context behind this calculation.
Frequently asked questions
This calculation runs in your browser and is never sent to a server. Your last values may be saved on your device only, for convenience. Results are estimates and are not financial, tax, accounting or legal advice.