Mortgage Calculator: Monthly Payment with Tax and Insurance
Estimate your monthly mortgage payment, total interest and yearly amortization schedule. Free, no sign-up.
The 6.5% rate and 1.0% property tax are placeholders. Enter your own numbers, since rates and taxes vary by lender and location.
| Item | Amount |
|---|---|
| Loan amount | |
| Principal & interest (monthly) | |
| Property tax (monthly) | |
| Home insurance (monthly) | |
| HOA (monthly) | |
| Total interest over the loan | |
| Total principal + interest paid |
Yearly amortization schedule
| Year | Principal paid | Interest paid | Remaining balance |
|---|
Monthly payment by home price
Frequently asked questions
What is included in a monthly mortgage payment?
Most payments include principal and interest, plus property tax and homeowners insurance. Some also include HOA fees and private mortgage insurance (PMI) if your down payment is under 20%. This calculator does not include PMI.
How does the down payment change my payment?
A larger down payment lowers the loan amount, which lowers the monthly payment and the total interest you pay.
Is a 15-year or 30-year loan better?
A 15-year loan has a higher monthly payment but far less total interest. A 30-year loan has a lower monthly payment but costs more over time. Compare both in the calculator with your own numbers.
Estimates only. Not financial advice. Your lender's figures will differ.