Estimate Your Monthly Mortgage Payment

Use this mortgage calculator to explore how your home price, down payment, interest rate, loan term, property taxes, homeowners insurance, HOA dues and mortgage insurance may affect your estimated monthly payment.

16.67
%
%
Example rate. Enter the rate you'd like to explore.
years
$/year
%
$/year
$1,685.20
Your estimated total monthly payment.
Down Payment:
$50,000.00 (16.67%)
PMI:
$208.33
Monthly Tax Paid:
$200.00
Monthly Home Insurance:
$83.33
Monthly HOA:
$0.00
Estimated PMI Eligibility:
Dec 2027
Est. PMI Payments to 80% LTV:
27
Estimated Payment without PMI:
$1,476.87
PMI estimates use an 80% LTV conventional-loan assumption. Actual PMI requirements and cancellation eligibility vary by loan program, servicer, payment history, property value, and other requirements.
🏠 Mortgage Details
Loan Amount:
$250,000.00
Down Payment:
$50,000.00 (16.67%)
Total Interest Paid:
$179,673.77
Est. PMI Paid to 80% LTV:
$5,416.67
Total Tax Paid:
$72,000.00
Total Home Insurance:
$30,000.00
Total of 360 Payments:
$537,298.77
Loan pay-off date:
Sep 2055
⚖️ Monthly vs. Bi-Weekly Principal & Interest
$1,193.54
Monthly P&I Payment
Sep 2055
Pay-off Date
$179,673.77
Total Interest Paid
$596.77
Bi-weekly P&I Payment
Aug 2051
Pay-off Date
$151,482.12
Total Interest Paid
Total Interest Savings: $28,191.64
How bi-weekly payments work: This example assumes 26 half-payments per year, which equals 13 full monthly principal-and-interest payments instead of 12. That extra annual payment reduces principal faster, which can shorten the loan term and reduce total interest paid.

Taxes, insurance, PMI, and HOA are not included in this comparison. Actual payment processing may vary by loan servicer, so confirm how bi-weekly payments are applied to your loan.
Yearly Amortization Schedule
Year Interest Principal Balance

How to Use the Mortgage Calculator

Enter the home price, down payment, estimated interest rate and loan term. Add your estimated property taxes, homeowners insurance, HOA dues and mortgage insurance if applicable.

The calculator will estimate your total monthly housing payment and show how your loan may change over time.

Not sure what to enter? Use your best estimate for now. Your actual payment will depend on your loan program, property, taxes, insurance, interest rate and other loan specific factors.

Important: Calculator results are estimates for educational purposes only and are not a quote, Loan Estimate, commitment to lend or guarantee of loan terms. Actual payments and costs may vary.

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