Mortgage Calculator

Estimate your full monthly housing payment, including principal, interest, property tax, homeowners insurance, HOA dues and PMI. Adjust the price and down payment to find a comfortable budget.

What makes up a mortgage payment

Lenders often call it PITI: principal, interest, taxes and insurance. Some homes add HOA dues. If you put down less than 20% on a conventional loan, you will usually pay private mortgage insurance (PMI) too.

How much house can you afford?

A common guideline is to keep total housing costs under about 28% of gross monthly income and total debt payments under about 36%. Lenders may approve you for more, but leaving room in your budget protects you from surprises.

Property tax rates and insurance premiums vary widely by location, so replace our defaults with local figures for a more accurate estimate.

This calculator provides estimates for educational purposes only and is not financial advice.