Mortgage Calculator
Estimate your monthly mortgage payment including taxes, insurance, and HOA fees.
Mortgage Details
Your home loan parameters
Taxes & Insurance
Monthly Payment Breakdown
$2,547.62/mo
Payment Breakdown
Principal & Interest
$2,022.62Property Taxes
$400.00Home Insurance
$125.00Total100%
Total Interest
$408,142.36
Payoff Date
2054-12-01
Amortization Schedule
A month-by-month breakdown of your principal and interest payments.
Amortization Schedule360 payments
Frequently Asked Questions
Your monthly mortgage payment typically includes: Principal and Interest (P&I), Property Taxes, Homeowners Insurance, and potentially PMI (Private Mortgage Insurance) if your down payment is less than 20%. Some payments also include HOA fees.
A general rule is that your monthly housing payment should not exceed 28% of your gross monthly income. This includes principal, interest, taxes, and insurance (PITI). Use our mortgage calculator to determine your comfortable payment range.
PMI (Private Mortgage Insurance) is required when your down payment is less than 20% of the home's value. You can typically remove PMI once you reach 20% equity in your home, either through payments or home value appreciation.
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