Mortgage Calculator
Calculate your monthly house payments, taxes, and insurance with our advanced mortgage tool.
Payment Breakdown
Loan Summary
Amortization Schedule
| Month | Principal | Interest | Balance |
|---|
Estimate Your Monthly Mortgage Payment
Enter the home price, down payment, interest rate, and loan term to estimate your monthly mortgage payment — broken down into principal, interest, property taxes, homeowners insurance, and PMI where it applies.
Open the advanced options to fine-tune taxes and insurance, then review the full amortization schedule to see how each payment splits between principal and interest over the life of the loan.
Full PITI breakdown
See principal, interest, taxes, insurance, and PMI itemized in every monthly payment — not just a single mystery number.
Amortization schedule
Walk through the year-by-year schedule to see your balance shrink and understand exactly where each dollar goes.
For planning, not lending
This calculator produces estimates for budgeting and comparison only — it is not a loan offer, rate quote, or financial advice. Confirm real numbers with your lender before deciding.
How to use
- Enter the home price, down payment, interest rate, and loan term.
- Toggle advanced options to add property taxes, insurance, and PMI.
- Click Calculate to see your monthly payment breakdown.
- Review the amortization schedule to compare scenarios.
Frequently Asked Questions
What does PITI mean?
PITI stands for Principal, Interest, Taxes, and Insurance — the four parts that make up most monthly mortgage payments. PMI (private mortgage insurance) is added when the down payment is under 20%.
How is the monthly payment calculated?
The calculator uses the standard amortization formula: the loan amount, monthly interest rate, and number of payments determine a fixed monthly payment covering principal and interest.
What is PMI?
Private mortgage insurance protects the lender when your down payment is less than 20% of the home price. It is added to your monthly payment until you build enough equity.
Is this a loan offer or rate guarantee?
No. Results are estimates for planning and comparison only — not a loan offer, rate lock, or financial advice. Actual offers depend on your lender, credit, and market rates.
Is the calculator free?
Yes, completely free with no signup. All calculations run in your browser.
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