Mortgage Calculators
Mortgage Refinance Calculator
See if refinancing saves money and when you break even.
Mortgage Payment Calculator
Calculate an estimated monthly mortgage payment for U.S. home loans. Include principal and interest plus property taxes, homeowners insurance, PMI or FHA MIP, and optional HOA dues.
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Tool workspace
Estimates run in your browser for U.S. fixed-rate loans. Not a loan offer or financial advice. Taxes, insurance, and PMI vary by location and lender.
Estimated total monthly (PITI)
$0
Principal & interest$0
Property tax$0
Insurance$0
PMI$0
HOA$0
Loan amount$0
Loan-to-value0%
Lifetime interest$0
How it works
- Enter the home price, down payment, interest rate, and loan term (15, 20, or 30 years).
- Add monthly property tax, insurance, and PMI settings, or let the tool estimate PMI when your down payment is under 20%.
- Review principal and interest, escrow estimates, and total monthly housing payment before you shop lenders.
Features
- Principal and interest (P&I) from price, rate, and term
- Property tax and homeowners insurance monthly estimates
- PMI / MIP toggle for conventional and FHA-style down payments
- Optional HOA dues in the monthly total
- 15-, 20-, and 30-year fixed scenarios
- Built for U.S. dollars and English-language loan terms
What would my mortgage payment be with PMI?
Private mortgage insurance (PMI) usually applies to conventional loans with less than 20% down. It often costs roughly 0.3% to 1.5% of the loan amount per year, depending on your credit score and down payment. On a $400,000 home with 5% down, the loan is $380,000, and PMI at 0.8% adds about $253 a month on top of principal, interest, taxes, and insurance.
Conventional PMI can be removed once your balance reaches 80% of the home value, and it ends automatically at 78%. FHA loans use mortgage insurance premiums that work differently.
What does a mortgage payment calculator include?
Most U.S. borrowers search for mortgage payment calculator or monthly mortgage payment because the sticker price of a home is not what they pay each month. Your payment usually combines principal and interest (P&I) with escrow items such as property taxes, homeowners insurance, and private mortgage insurance (PMI) when you put less than 20% down.
Tools N Go runs these estimates in your browser so you can compare 30-year vs 15-year loans, test a larger down payment, or see how a half-point rate change affects your budget, without creating an account.
Who should use this calculator?
First-time home buyers use a house payment calculator to set a realistic budget before touring homes. Move-up buyers compare payments when upgrading. Investors sanity-check rent vs debt service on a purchase.
This tool is educational, not a loan offer. Rates, taxes, and insurance vary by county and carrier. Always verify numbers with your lender’s Loan Estimate and your insurance agent.
Mortgage Payment Calculator FAQ
Yes. It separates P&I from property tax, homeowners insurance, PMI, and optional HOA so you see a total monthly housing payment.
Add PMI to your principal, interest, taxes, and insurance. PMI often runs about 0.3% to 1.5% of the loan per year. For example, 0.8% on a $380,000 loan is about $253 a month. The calculator adds it automatically when your down payment is under 20%.
Yes. Choose Auto if down payment is under 20%, turn PMI off, or enter a custom monthly amount.
Yes. Switch the loan term to see how a shorter amortization raises P&I but cuts total interest.
No. Results are estimates for planning. Your lender, title company, and tax advisor provide official figures.
No. Calculations run locally in your browser like our other Tools N Go utilities.