Mortgage Calculator

Calculate your monthly mortgage payment, including taxes, insurance, and PMI.

Home Price ($)

Down Payment

Annual Interest Rate (%)

Loan Term (years)

Annual Property Tax ($)

Annual Home Insurance ($)

Understanding Mortgage Payments

Your mortgage payment consists of principal and interest (P&I), property taxes, homeowner's insurance, and potentially private mortgage insurance (PMI). PMI is typically required when your down payment is less than 20% of the home price. This calculator uses a standard 0.5% annual PMI rate.