Mortgage Payment Calculator

Estimate your full monthly housing payment — P&I plus property tax, homeowners insurance, HOA, and PMI — with amortization preview and PMI-cancellation timing.

Loan basics

Home price ($)

Down payment

Loan term (years)

Interest rate / APR (%)

Tax, insurance, HOA & PMI

Annual property tax

Annual homeowners insurance ($/ yr)

HOA dues ($/ mo)

Annual PMI rate (%)Typical 0.3%–1.5%; only if down <20%.

Closing costs ($, optional)

Mortgage start date (for PMI dates — optional)

Loan amount—

Principal & Interest (P&I)—

Total monthly payment—

Total of all payments (P&I)—

Total interest (P&I)—

PMI cancellation & termination

PMI (private mortgage insurance) protects the lender, not you. On conventional loans with <20% down, you may request cancellation at 80% loan-to-value (LTV) of the original value, and the servicer must auto-terminate when principal first reaches 78% of original value — regardless of current market value (Homeowners Protection Act, loans after July 29, 1999).

Context & guidance

PMI: 0.3%–1.5% of original loan annually; ~0.5% common midpoint.
Property tax: US avg ~1.1% of home value (range 0.3%–2.3%).
Escrow: lenders collect 1/12 of annual tax + insurance monthly.
15-year roughly halves total interest but raises monthly vs 30-year.

Data sources

Calculator Academy · CalcMountain · Amortio · LogicLibrary · CFPB (PMI rules) · Homeowners Protection Act 1998

Estimate only. Actual tax, insurance, PMI vary by property, location, insurer, lender.