PLAN YOUR HOME PURCHASE
Mortgage calculator
Estimate your monthly U.S. home payment, with principal, interest, property taxes, insurance, and HOA fees. All amounts are in U.S. dollars.
Estimated monthly housing payment
Monthly payment breakdown
Your balance over time
The schedule below gives the exact estimated amounts for each period.
Repayment schedule
| Period | Payments | Principal | Interest | Balance |
|---|
How to use your estimate
Set your home price and down payment, then enter a fixed interest rate and loan term. Add taxes, insurance, and association fees to see a fuller monthly housing budget. HOA fees may be paid separately from your mortgage.
If your loan requires mortgage insurance, enter your lender's monthly estimate. This tool does not decide whether insurance is required or model when it ends. Closing costs, utilities, repairs, and maintenance are excluded.
Explore extra payments with the amortization calculator →
Calculation method & assumptions
We use a fixed-rate, fully amortizing loan with monthly payments. The monthly rate is the annual interest rate divided by 12, and the number of payments is the term in years multiplied by 12. At a zero interest rate, the payment is the principal divided by the number of payments. The first payment occurs in the month you select.
Calculations retain precision internally and round displayed amounts to cents, so rounded rows may differ slightly from totals. Your lender's rounding, payment dates, and loan terms may produce different results. This tool does not model adjustable rates, interest-only periods, or Canadian mortgage compounding. Inputs are calculated in your browser and are not saved to your account.
For planning only; this estimate is not a loan offer or an approval decision. Learn more from the CFPB on mortgage repayment and what a monthly mortgage payment includes.