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Mortgage Payment Calculator

Estimate your full monthly payment, including principal and interest, property taxes, homeowners insurance, HOA dues, and mortgage insurance if applicable.

Your numbers

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Editable example or your entered assumption, not a lender quote. The illustrative default is 6.5%.

yrs
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Annual, as % of home price

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Annual, as % of home price

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Leave at zero if no HOA

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Only applied if down payment is under 20%

Illustrative or manually entered rate assumption. Default: 6.75%. Not a lender quote.

Choose a national benchmark instead

Checking available benchmark…

Only this button changes your rate. Data refreshes never replace your inputs. The loan term and costs stay as you entered them.

Total monthly payment

Estimated monthly payment$2,164

Principal, interest, taxes, insurance. Not included: utilities, maintenance, or closing costs. Taxes and insurance are editable assumptions, not local figures.

See national mortgage rate averages · Plan your home purchase

Payment breakdown

Principal and interest$1,770
Property taxes$292
Homeowners insurance$102

Loan summary

Down payment$70,000
Loan amount$280,000
Total interest over loan$357,125
Results are estimates based on user inputs and do not represent loan terms, APR, or a financing offer. Pre-filled values are illustrative examples, not available or quoted rates. Actual terms depend on credit, property, program, and underwriting. Every result applies to the entered planning scenario, not an observation period or local market statistic. Replace price, tax, insurance and fee allowances with dated, property-specific figures. Missing inputs are not assumed to be zero.
Sources, dates and planning methodology

Historical ACS survey estimates cover 2020–2024, through 2024-12-31. Retrieved 2026-10-15, not a current market observation date. Method: financial-planning-1. These estimates describe owner-occupied homes, not homes sold or a lender appraisal.

Tax benchmark = 100 × median annual real estate taxes paid (B25103 total) ÷ median owner-occupied home value (B25077), for the same state, universe and ACS five-year release. A ratio of medians is not the median effective tax rate, millage or a prediction of post-sale taxes. Ask the assessor about reassessment, exemptions and special assessments.

Closing fees are an itemized illustrative scenario, not statewide observed averages or verified state fee schedules. State scenarios use historical home value as an editable price anchor. The national default is an illustrative $350,000 price and 1% tax budget, not a sourced national statistic. Default rate 6.5% is an assumption, not a quote or current national average. Loan/service allowances: $1200 origination and $2500 other services; government allowance $2000. Replace these with property-specific, dated fees. No verified state fee schedule is applied.

Fee planning range uses 75% to 150% of the selected buyer-paid fee budget. It is a sensitivity range, not a statistical confidence interval and may not bound actual costs. Prepaids assume 15 days of interest and one annual insurance premium; initial escrow assumes 3 months of taxes and insurance. The prepaid premium and escrow reserve are separate periods, not two premiums. Actual lender requirements and closing dates differ.

Credits cannot reduce the down payment in this model. Deposits reduce cash due once. Financing fees, mortgage insurance, inspections, survey, HOA, attorney and special assessments remain unknown unless included in your edited allowances. Unknown does not mean $0 or waived. Confirm actual buyer responsibility, credit restrictions and final cash to close on the Loan Estimate and Closing Disclosure.

Affordability is a hypothetical payment-to-income comparison, not a measurement of actual household housing-cost burdens. Household income (B19013) covers all households in 2024 inflation-adjusted dollars; owner values/taxes cover owner-occupied homes. No local lender quote, eligibility or sale-price median is inferred. Historical affordability records and rate archives are separate and are not recalculated with this dataset.

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Frequently asked questions

What does this calculator include in the monthly payment?
Principal and interest, property taxes, homeowners insurance, HOA dues, and PMI when down payment is below 20%. This is the full PITI plus HOA, what most lenders use to qualify you.
Does this calculator use your actual mortgage rate?
No. You enter a sample rate. Your actual rate depends on your credit, down payment, occupancy, property type, program, and the day you lock.
Why does my monthly payment change if I change the down payment?
A larger down payment lowers the loan amount, lowers principal and interest, and removes PMI once you cross 20% down. Each lever moves the payment in a predictable way.
Is this an offer to lend?
No. This is an educational estimate. Actual loan offers require an application and underwriting.

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