US Mortgage Calculator

Enter the price, down payment, rate and term. Add property tax, insurance, mortgage insurance and HOA dues to see the full monthly payment.

Home price ($)

Down payment ($)

Interest rate (%)

Term (years)

Property tax (% of price a year)

Homeowners insurance ($ a year)

PMI (% of loan a year)

HOA dues ($ a month)

This is an estimate for the only and is not financial advice. Your lender will quote the exact payment, including escrow and fees.

Worked examples

$400,000 home with 20% down

Price $400,000, down $80,000, 6.5%, 30 years, property tax 1.1%, insurance $1,800 a year

$2,539.28 a month

Principal and interest is $2,022.62, property tax $366.67 and insurance $150.00. There is no PMI. Total interest over the loan is $408,142.

$400,000 home with 10% down and HOA dues

Price $400,000, down $40,000, 6.5%, 30 years, PMI 0.5%, HOA $50

$2,992.11 a month

The loan is $360,000, so PMI adds $150.00 a month for 95 months. Principal and interest is $2,275.44, tax $366.67, insurance $150.00 and HOA $50.00.

About US Mortgage Calculator

This US mortgage calculator shows what a home loan costs each month, not just the loan repayment. Enter the home price, your down payment, the interest rate and the term. Then add property tax, homeowners insurance, mortgage insurance (PMI) and HOA dues to see the total monthly payment that a lender is likely to quote.

Principal and interest is a fixed payment set by the loan amount, the rate and the term. Property tax is entered as a yearly percentage of the price and insurance as a yearly amount, and both are shown as a twelfth each month. If your down payment is under 20%, PMI is added until the balance falls to 80% of the home price. A yearly table shows the principal, the interest and the balance after each year.

How to use US Mortgage Calculator

Enter the home price and your down payment.
Enter the interest rate and the term in years.
Add the property tax rate, yearly insurance, the PMI rate and monthly HOA dues.
Read the total monthly payment, the total interest and the year by year table.

Common uses

Finding out how much house a monthly budget can cover
Comparing a 15 year and a 30 year loan
Seeing how a larger down payment removes PMI
Adding up the full monthly cost including tax and HOA dues

Sources

Last reviewed 15 October 2026.

Frequently asked questions

What is included in a monthly mortgage payment?

Most payments include principal and interest, property tax and homeowners insurance, often collected together in an escrow account. Mortgage insurance applies when the down payment is under 20%, and HOA dues are billed separately by the association.

When does PMI end?

Under the rules in the United States, PMI can be removed when you ask once the loan balance reaches 80% of the original value, and it ends automatically at 78%. This page stops PMI at 80%.

How much is property tax?

It varies by county. Many areas charge between 0.5% and 2% of the home value each year, so check your local assessor. The default of 1.1% is only a starting point.

Does this show the exact payment my lender will quote?

No. The lender adds fees, uses your exact tax and insurance bills and may round differently. Use it to compare options and plan a budget.