Estimate your monthly mortgage payment including principal, interest, property taxes, homeowner’s insurance and HOA fees.
This calculator uses a standard fixed-rate mortgage formula and assumes that taxes and insurance are paid evenly over 12 months.
The principal and interest part of your payment is calculated using a standard amortizing loan formula:
Property taxes and homeowner’s insurance are converted to monthly amounts and added on top of the principal & interest payment, along with any HOA fees you enter.
Use this tool to compare scenarios (for example different down payment sizes or interest rates) and see how they change your monthly budget.