🏠 Mortgage Calculator
Estimate your monthly mortgage payment, taxes and insurance.
About this tool
A mortgage calculator estimates your total monthly home payment — not just principal and interest, but property tax and insurance too, since those are usually rolled into a real mortgage bill.
For a non-home loan — personal, auto, or anything without tax and insurance attached — the plain Loan / EMI Calculator is the simpler, faster option.
Worked example
On a $400,000 home with $80,000 down, a 6.5% rate over 30 years, $4,800 annual property tax and $1,600 insurance, the total monthly payment lands around $2,585 — principal and interest make up about $2,022 of that, with tax and insurance covering the rest.
How to use it
- Enter the home price and your planned down payment.
- Enter the interest rate and loan term.
- Add estimated annual property tax and insurance, then press Calculate.
Tips
- A bigger down payment lowers your loan amount and can remove the need for private mortgage insurance.
- Property tax rates vary a lot by location — check your local rate rather than guessing.
- This gives an estimate; your actual lender quote may include additional fees.
FAQ
Is this the same as a loan calculator?
Similar math, but this one adds property tax and insurance, which a generic loan calculator doesn't.
Does it include PMI?
Not automatically — if you're putting down less than 20%, add an estimated PMI amount to your insurance field.
What term should I use?
30 years is the US standard, 15 years is common for a faster payoff with a higher monthly payment.