Mortgage payment calculator
See the whole payment — principal, interest, taxes, insurance and mortgage insurance — not just the part that looks good in an ad.
Read this before the numbers
The interest rate on this page is a number you choose so you can model a payment. It is not a rate being quoted to you, not an advertisement of terms, and not an offer or a commitment to lend.
Your actual interest rate and APR depend on your credit, loan program, occupancy, property type, loan amount, down payment, and the market at the time you lock. Rates, terms and program availability change and are subject to credit approval. The real figures arrive on a Loan Estimate after you apply — that is the document to compare, not a calculator.
Erik Miller, Mortgage Expert · NMLS #263103 · Patriot Home Mortgage · Company NMLS #715386 · Licensed in Arizona · Equal Housing Lender
Estimated monthly payment
$0/mo
Estimates only, for planning. Your real payment depends on credit, program, county tax rates, and the actual insurance quote. Not a commitment to lend.
Reading the number honestly
Most online calculators show only principal and interest, which is why the payment people budget for is routinely hundreds of dollars below what they actually owe each month. This one includes taxes, insurance, mortgage insurance and HOA dues, because that is what leaves your account.
A few things it cannot know
- Your actual rate. Pricing depends on credit, loan-to-value, program, occupancy and the day. The slider is a planning tool, not a quote.
- Your county's tax rate. The default is a general starting point. Real rates vary widely by location and by parcel.
- Your mortgage insurance. We estimate conventional PMI at roughly 0.55% per year of the loan amount. Your actual figure depends on credit and down payment, and FHA, VA and USDA loans all handle it differently — VA charges no monthly mortgage insurance at all.
- Closing costs. Not included here. Ask us for a full estimate.
Want the real numbers instead of an estimate? A quote request takes about a minute and there is no credit pull.