Estimate a monthly mortgage payment including taxes and insurance. Enter the home price, down payment, rate, and term.
Monthly Payment
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Including taxes and insurance.Usage Tip
Lenders often cap total housing cost near 28% of gross monthly income. Compare offers by APR, which folds in fees, not just the headline rate.
THE MATH
Loan = price − down payment
Monthly P and I = loan × i(1+i)^N ÷ ((1+i)^N − 1)
Total monthly = P and I + (tax + insurance) ÷ 12
Monthly P and I = loan × i(1+i)^N ÷ ((1+i)^N − 1)
Total monthly = P and I + (tax + insurance) ÷ 12
A mortgage payment is principal and interest plus, often, escrowed property tax and homeowners insurance (PITI).
A larger down payment shrinks the loan and may remove private mortgage insurance (PMI).
A larger down payment shrinks the loan and may remove private mortgage insurance (PMI).
A down payment under 20% usually adds PMI, which is not included here.
Property tax and insurance vary widely by location and are taken from your annual figures.
Most interest is paid in the early years, so early extra principal payments save the most.
Property tax and insurance vary widely by location and are taken from your annual figures.
Most interest is paid in the early years, so early extra principal payments save the most.