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Mortgage payment calculator
Principal, interest, taxes, insurance, PMI, and HOA in one number. Move the sliders and watch the payment change in real time.
Monthly Payment
What will this actually cost per month?
Most calculators only show principal and interest, which is why the real payment always comes as a surprise. This one includes the rest.
Reading the Result
Four things this number does not include
Closing costs
Budget 2% to 5% of the purchase price for lender fees, title, escrow, appraisal, and prepaid taxes and insurance. Some of it is negotiable with the seller.
Escrow shortages
Your servicer recalculates the tax and insurance portion annually. If the assessment rises, the payment rises with it, usually in year two.
Maintenance
A common rule of thumb is 1% of the home’s value per year. On a $400,000 house that is roughly $333 a month that never shows up on a Loan Estimate.
PMI removal
On conventional loans PMI cancels automatically at 78% loan-to-value, and you can request removal at 80%. FHA mortgage insurance generally does not come off.
Want the real number instead of the estimate?
A pre-qualification takes three minutes and gives you a payment based on actual pricing rather than a slider.