FREE HOME DECISION TOOL

Mortgage Payment Calculator with Taxes and Insurance

Estimate an all-in monthly mortgage payment including principal, interest, property taxes, homeowners insurance, mortgage insurance, HOA dues, and assessments.

Free to useGuided field explanationsYour inputs stay on your device

YOUR NUMBERS

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You can use estimates and return later with more precise figures.

New to these numbers?Every field includes a plain-language hint. Open Why it matters to see how it changes the rest of your estimate.

Home priceThe agreed or estimated property price before financing costs.

Why it matters

A higher price increases the loan, down payment, taxes, closing costs, and many reserves.

Down paymentThe share of the price you pay upfront instead of borrowing.

Why it matters

More down usually lowers the loan and monthly payment, but uses more cash at closing.

Interest rateThe annual interest percentage charged on the mortgage balance.

Why it matters

Rate and loan size work together: even a small rate change can materially move the monthly payment.

Loan termThe number of years used to repay the new loan.

years

Why it matters

A longer term usually lowers the monthly payment but can increase total interest.

Annual property taxThe property tax billed each year by the local municipality.

Why it matters

Taxes add directly to your monthly ownership cost and can change after a purchase or reassessment.

Annual homeowners insuranceYour homeowners insurance estimate; this is separate from mortgage insurance.

Why it matters

Insurance adds to the all-in payment and often varies with property type, location, and coverage.

Monthly mortgage insurance (PMI/MIP)Use a lender quote when possible. Enter 0 only when you have confirmed mortgage insurance does not apply.

Why it matters

Mortgage insurance commonly applies to some lower-down-payment loans and is part of the payment collected by the servicer.

Annual flood or supplemental insuranceOptional coverage required by the property, lender, or your risk decision beyond the homeowners policy.

Why it matters

Flood and other supplemental policies can materially change the recurring housing obligation.

Monthly HOA or condo duesAny recurring homeowners or condominium association charge.

Why it matters

HOA dues raise the monthly cost but do not build equity or reduce the loan.

Monthly special assessmentTemporary or recurring association assessment in addition to regular dues.

Why it matters

Assessments are usually paid separately but still reduce the monthly room available for housing.

Monthly ground rent / co-op feeRecurring land-lease, ground-rent, or co-op corporation charge not included in principal and interest.

Why it matters

This is part of the housing obligation even when it is billed separately from the mortgage.

Monthly second-loan paymentRequired monthly principal and interest for a second mortgage or other property-secured loan.

Why it matters

Subordinate financing increases the complete housing obligation and debt-to-income ratio.

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CALCULATOR GUIDE

How to use the mortgage payment calculator

Use this calculator to estimate the recurring housing payment associated with a prospective home and loan. It separates principal and interest from taxes, insurance, mortgage insurance, association dues, and other entered obligations so the total is easier to compare with a real housing budget.

Key assumptions and limitations

The interest rate and loan term remain constant for the modeled payment.
Taxes, insurance, dues, assessments, and secondary-loan payments use the amounts you enter.
The estimate does not include every possible escrow adjustment, utility, repair, or lender fee.

Common questions

Does this include taxes and insurance?

Yes. The estimate includes the property tax, homeowners insurance, supplemental insurance, mortgage insurance, dues, and assessments you enter.

Is this a lender quote?

No. It is an educational estimate; a lender and relevant providers must confirm the rate, loan terms, escrow items, and required coverage.

Educational estimates only. Verify important home, lending, insurance, tax, and legal decisions with the appropriate qualified professionals.

Mortgage Payment Calculator with Taxes and Insurance

Tell us what you know today.

How to use the mortgage payment calculator

Key assumptions and limitations

Common questions

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