Calculate home loan payments including taxes and insurance
Input the home price, down payment amount, interest rate, and loan term you're considering.
Include property taxes, homeowners insurance, and PMI for a complete picture of your monthly payment.
See your total monthly payment broken down by principal, interest, taxes, insurance, and PMI.
Calculate the full monthly payment including Principal, Interest, Taxes, and Insurance.
Include Private Mortgage Insurance in your calculations for down payments less than 20%.
Compare 15-year, 20-year, and 30-year mortgage options to find the best fit for your budget.
Your monthly payment typically includes Principal & Interest (P&I), Property Taxes, Homeowners Insurance, and PMI if applicable. This is often called PITI (Principal, Interest, Taxes, Insurance).
PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20% of the home price. It protects the lender in case of default and can usually be removed once you reach 20% equity.
A 20% down payment is ideal as it avoids PMI, but many loans allow 3-5% down. A larger down payment reduces your loan amount, monthly payment, and total interest paid.
A 15-year mortgage has higher monthly payments but lower total interest. A 30-year mortgage offers lower monthly payments but higher total interest. Choose based on your budget and financial goals.
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