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
Editable example or your entered assumption, not a lender quote. The illustrative default is 6.5%.
Annual, as % of home price
Annual, as % of home price
Leave at zero if no HOA
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
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
Loan summary
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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Use can i qualify? calculatorFrequently asked questions
What does this calculator include in the monthly payment?
Does this calculator use your actual mortgage rate?
Why does my monthly payment change if I change the down payment?
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