What’s included in the monthly payment?

Core output is principal and interest. Taxes, insurance, and HOA are optional add-ons if you enter them.

Is this a loan offer or advice?

No. It’s an estimate using the numbers you enter. Actual APR, fees, and escrow vary by lender.

If your scenario needs PMI, include it manually in an extra monthly field if available, or add to your budget outside the tool.

Why doesn’t my payment match the bank’s?

Rounding, day-count conventions, escrow, and fees can differ. Use this for ballpark comparison.

This tool models standard monthly amortization unless it explicitly offers biweekly.

Where are calculations done?

In your browser; we don’t send your loan details to our servers.

Mortgage Calculator

Monthly payment (P&I), loan amount, and estimated total with extras. Add optional tax, insurance, and HOA for a full picture. Use it to compare scenarios or check affordability—results are estimates only, not financial advice.

Loan amount

$318,400.00

Monthly P&I (Principal and Interest)

$1,861.33

Est. total monthly

$1,861.33

For estimates only. Taxes/insurance vary; confirm with your lender.

Informational only; verify critical results independently.

How to use

Enter the loan amount (or home price minus down payment if the tool asks that way).
Enter the annual interest rate as a percent (e.g. 6.5 for 6.5%).
Set the loan term in years (15, 20, or 30 are common).
Optionally add monthly property tax, insurance, and HOA for a fuller monthly number.
Review principal & interest (P&I) and total interest over the life of the loan.
Try a few rate or term changes to see how payment sensitivity works—then confirm with a lender.

Examples

$300,000 at 6% for 30 years — monthly P&I
$450k at 7.25% for 15 years — higher payment, less total interest
Add $350/mo taxes + $120 insurance to see full housing payment
Compare 20% down vs 10% down on the same price (if the tool supports it)
See total interest paid on a 30-year vs 15-year with the same balance
Model a small rate buydown: 6.5% vs 6.25% on the same loan amount

FAQ

What’s included in the monthly payment?: Core output is principal and interest. Taxes, insurance, and HOA are optional add-ons if you enter them.
Is this a loan offer or advice?: No. It’s an estimate using the numbers you enter. Actual APR, fees, and escrow vary by lender.
PMI?: If your scenario needs PMI, include it manually in an extra monthly field if available, or add to your budget outside the tool.
Why doesn’t my payment match the bank’s?: Rounding, day-count conventions, escrow, and fees can differ. Use this for ballpark comparison.
Biweekly payments?: This tool models standard monthly amortization unless it explicitly offers biweekly.
Where are calculations done?: In your browser; we don’t send your loan details to our servers.

Related guides

Mortgage and Loan Basics: What You Need to Know
How mortgages and loans work, what affects your payment, and how to estimate it. With links to our calculators.

Related tools

Last updated: 2025-09-11

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