Mortgage Calculator (Monthly Payment + PMI)
Estimate monthly mortgage payments with principal, interest, taxes, insurance, HOA dues, and PMI.
Calculator
How it works
Enter the loan amount, interest rate, and term in years, then click calculate. The tool applies the standard amortization formula to estimate a fixed monthly payment and totals. Results are estimates for informational purposes only and may differ from your lender’s exact terms.
FAQ
Does this mortgage calculator include taxes, insurance, HOA, and PMI?
You can estimate monthly payment components beyond principal and interest, including property taxes, homeowners insurance, HOA dues, and PMI. Results remain estimates.
What does PITI mean in a mortgage payment?
PITI stands for principal, interest, taxes, and insurance. Some lenders also add HOA dues and PMI to your monthly payment estimate.
How does down payment change the monthly payment?
A higher down payment lowers the loan amount and can reduce PMI, which typically lowers the monthly payment and total interest.
Is this calculator free to use?
Yes. This mortgage calculator is free to use and does not require an account or signup.