Enter home price, down payment, rate and term to get the full monthly payment — including property tax, insurance and HOA.
How this calculator arrives at its answer
This mortgage calculator estimates your complete monthly housing payment, not just principal and interest. It subtracts your down payment, amortizes the loan, and adds monthly property tax, insurance and any HOA dues.
Seeing the all-in number helps you judge affordability far better than the loan payment alone.
Try it with these numbers
As an example, with a home price of 350,000, interest rate of 6.5%, the calculator returns a monthly payment of $2,186.46. Underneath, Principal & interest comes out at $1,769.79 and Tax + insurance + HOA at $416.67. Change any field and every figure updates as you type.
Step by step
- Enter the home price and your down payment.
- Enter the interest rate and term.
- Add yearly property tax, insurance and any HOA to see the full monthly cost.
The maths behind it
loan = price − down payment
P&I = loan × r ÷ (1 − (1+r)⁻ⁿ)
monthly = P&I + tax/12 + insurance/12 + HOA
Frequently asked questions
What’s included in a mortgage payment?
Principal and interest, plus escrow items: property tax, homeowners insurance and sometimes HOA or PMI. This tool covers P&I, tax, insurance and HOA.
How much should my down payment be?
20% avoids private mortgage insurance on conventional loans, but many programs allow less. A bigger down payment lowers the loan and the payment.
Is this financial advice?
No — it’s an estimate to help you plan. Talk to a lender for exact figures and a professional for advice.