Advanced Mortgage Calculator

Calculate your monthly mortgage payment with detailed breakdown including principal, interest, taxes, insurance, and PMI. Get instant results with amortization schedule.

Mortgage Details

$
Please enter a valid home price between $1,000 and $10,000,000.
$
Please enter a valid down payment amount.
20% of home price
%
Please enter a valid interest rate between 0.1% and 20%.
$
Please enter a valid property tax amount.
$
Please enter a valid insurance amount.
%
Please enter a valid PMI rate between 0% and 5%.
Private Mortgage Insurance (required if down payment < 20%)
$
Please enter a valid HOA fee amount.

Monthly Payment Breakdown

Principal & Interest: $0
Property Tax: $0
Home Insurance: $0
PMI: $0
HOA Fees: $0
Total Monthly Payment: $0

Loan Summary

Loan Amount
$0
Total Interest
$0
Total Cost
$0

Amortization Schedule

Payment # Payment Date Payment Amount Principal Interest Remaining Balance

How to Use This Mortgage Calculator

  1. Enter Home Price: The total purchase price of the home
  2. Down Payment: Amount you'll pay upfront (typically 10-20%)
  3. Loan Term: Length of the mortgage (15, 20, or 30 years)
  4. Interest Rate: Annual percentage rate (APR) for your loan
  5. Property Tax: Annual property tax amount
  6. Home Insurance: Annual homeowner's insurance premium
  7. PMI: Private Mortgage Insurance (required if down payment < 20%)
  8. HOA Fees: Monthly homeowner association fees (if applicable)
💡 Pro Tips:
  • A 20% down payment eliminates PMI requirements
  • Shorter loan terms mean higher monthly payments but less total interest
  • Property taxes and insurance are often held in escrow by your lender
  • Consider all costs when budgeting for homeownership

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Mortgage Quick Facts

PITI: Principal, Interest, Taxes, and Insurance - the four main components of your monthly mortgage payment.
PMI: Private Mortgage Insurance protects the lender if you default. Usually required when down payment is less than 20%.
Escrow: Many lenders collect property taxes and insurance in a separate account and pay them on your behalf.
APR: Annual Percentage Rate includes interest rate plus other loan costs, giving you the true cost of borrowing.