Choose whether gains show in red, as at Korean brokers, or in green, as overseas. Your choice is saved on this device.
Home Loan Calculators · United States
See your full monthly payment with property tax, homeowners insurance, HOA and PMI. Add extra payments to see how much interest and time you save.
Under 20% down usually means private mortgage insurance (PMI).
The U.S. average is roughly 1%. Check your county.
Only applies when the down payment is under 20%. Typical range 0.3%-1.5%.
Enter your values and press Calculate payment
Estimated total monthly payment
-
How it works
Your lender's quote is often just principal and interest. The real monthly cost also includes property tax, homeowners insurance, HOA dues and, with a small down payment, PMI.
Type the price, down payment, rate and term. Use % for the down payment if you prefer.
Property tax, insurance, HOA and PMI turn principal and interest into the full payment (often called PITI).
Add a monthly or one-time extra payment to see the new payoff date and the interest you save.
The payment is for a fixed-rate loan with payments made at the end of each month. PMI is added only when the down payment is under 20% of the price and ends when the scheduled balance reaches 78% of the original price. Property tax and insurance are held flat; in real life they usually rise each year. The 15-year versus 30-year cards use the rate you entered for both terms, although shorter loans often carry a lower rate. Lenders may also charge closing costs, origination fees and escrow cushions that are not included here.
Rule of thumb: many lenders look for housing costs near 28% of gross income and total debt near 36%. Use the Home Affordability Calculator to test your own numbers.
PITI stands for principal, interest, taxes and insurance, the four parts of a typical monthly mortgage payment. This calculator also adds HOA dues and PMI when they apply.
On a conventional loan, PMI can be removed on request once your balance reaches 80% of the original value and drops automatically at 78%. This tool ends PMI at 78% on the scheduled balance, or sooner if you make extra payments.
A 15-year loan has a higher monthly payment but much less total interest. A 30-year loan keeps the payment lower. The comparison cards show both at the rate you entered.
Extra principal reduces the balance right away, so every later month charges less interest. Even a modest amount each month can shorten a 30-year loan by several years.
Lenders add fees, use their own escrow estimates for taxes and insurance, and quote rates for specific credit scores. Treat this as a planning estimate and compare it with an official Loan Estimate.
Estimates for education and planning only. This is not tax, legal or investment advice; check IRS.gov or a tax professional for your situation. Sources: standard amortization formula; PMI cancellation rules under the Homeowners Protection Act.
Last updated: November 2, 2026
How much house you can afford from income, debts and down payment.
Monthly payment, total interest and payoff time with extra payments.
Grow principal and monthly contributions with compounding.
Estimate your 2026 federal income tax, marginal and effective rate by filing status.