Enter Home Price and Loan Details
Enter the home price, down payment, interest rate, and loan term. This mortgage calculator online free tool estimates your principal and interest portion.
Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, property taxes, homeowners insurance, and PMI. Enter home price, down payment, interest rate, and loan term to get a complete monthly payment breakdown. Perfect for home buying planning.
Workspace
Use the tool below. Your inputs stay local when the tool supports browser-only processing.
Total Monthly Payment
$3,116.96
Monthly$3,116.96
Principal & Interest
$1,516.96Property Tax
$300.00Insurance
$100.00PMI
$1,200.00Loan Amount
$240,000.00
Total Interest Paid
$306,106.77
Total Cost
$546,106.77
Workflow
How to use the Mortgage Calculator
Add Taxes, Insurance, and PMI
Add annual property tax, homeowners insurance, and PMI if your down payment is under 20%. This mortgage calculator gives a complete picture of your total monthly housing cost.
Review Your Full Monthly Payment
See your total monthly mortgage payment broken down by component. This mortgage calculator also shows total interest over the loan's lifetime for informed home buying.
Mortgage Calculator — Frequently Asked Questions
How does this mortgage calculator help with home buying?
This mortgage calculator helps you estimate total monthly payments including all costs. It lets you compare different loan terms and down payment scenarios to find an affordable payment option that works for your budget.
What factors does this mortgage calculator include?
This mortgage calculator includes principal, interest, property taxes, homeowners insurance, and PMI for a complete view of your full housing cost before committing to a mortgage.