Free mortgage payment estimator

Calculate your total monthly mortgage payment

Estimate your full monthly housing payment—not just principal and interest. Change any assumption to see the result update instantly.

Enter your home and loan details

The starting figures are examples, not current rates or a loan quote.

Home purchase price$Down payment$80,000 down%Interest rateUse the note rate, not APR.%Loan termFixed-rate repayment periodProperty tax rate$4,800 per year% / yrHomeowners insurance$/ yrHOA / condo fees$/ moMortgage insurance estimateNot included at 80% LTV or lower.% / yr

Estimated total monthly payment

$2,573

Loan amount: $320,000 · LTV: 80.0%

Principal & interest$2,022.62

Property taxes$400.00

Homeowners insurance$150.00

Mortgage insurance$0.00

HOA / condo fees$0.00

Total interest over 30 years$408,142

Total principal + interest$728,142

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Mortgage amortization schedule

See how each scheduled payment is divided between principal and interest. Taxes, insurance, mortgage insurance, and HOA fees are not part of this amortization table.

Total principal payments: $320,000
Total interest payments: $408,142

Year	Interest	Principal	Principal remaining
1	$20,695	$3,577	$316,423
2	$20,455	$3,816	$312,607
3	$20,200	$4,072	$308,535
4	$19,927	$4,345	$304,191
5	$19,636	$4,636	$299,555
6	$19,325	$4,946	$294,609
7	$18,994	$5,277	$289,332
8	$18,641	$5,631	$283,701
9	$18,264	$6,008	$277,694
10	$17,861	$6,410	$271,284
11	$17,432	$6,839	$264,444
12	$16,974	$7,297	$257,147
13	$16,485	$7,786	$249,361
14	$15,964	$8,308	$241,053
15	$15,407	$8,864	$232,189
16	$14,814	$9,458	$222,732
17	$14,180	$10,091	$212,641
18	$13,505	$10,767	$201,874
19	$12,784	$11,488	$190,386
20	$12,014	$12,257	$178,129
21	$11,193	$13,078	$165,051
22	$10,317	$13,954	$151,097
23	$9,383	$14,888	$136,208
24	$8,386	$15,886	$120,323
25	$7,322	$16,949	$103,373
26	$6,187	$18,085	$85,289
27	$4,976	$19,296	$65,993
28	$3,683	$20,588	$45,405
29	$2,305	$21,967	$23,438
30	$833	$23,438	$0

Methodology

What this mortgage calculator includes

The principal-and-interest amount uses the standard fixed-rate amortization formula. The estimated total adds one-twelfth of annual property taxes and homeowners insurance, plus monthly HOA fees and an editable mortgage-insurance estimate when the loan-to-value ratio is above 80%.

The Consumer Financial Protection Bureau explains that a total monthly mortgage payment commonly includes principal, interest, taxes, homeowners insurance, and mortgage insurance when applicable. HOA or condo fees are often paid separately, but they still affect the monthly housing budget.

Methodology reviewed August 2026.

Frequently asked questions

Is this the exact payment a lender will quote?

No. Rates, mortgage-insurance premiums, taxes, insurance, loan fees, and program rules vary. This is an educational estimate, not an approval, offer, or Loan Estimate.

Why is the total higher than principal and interest?

Many borrowers also pay property taxes, homeowners insurance, and possibly mortgage insurance. HOA or condo fees can add another separate monthly cost.

When does mortgage insurance apply?

Mortgage insurance may be required for some loans with less than 20% down. The actual requirement and premium depend on the loan program and borrower profile, so the rate here is editable.

Important estimate disclosure

This calculator is for educational and planning purposes only. Results do not indicate loan approval or financing and are not financial advice, a commitment to lend, or a guarantee of rates, costs, or terms. Enter accurate local estimates and consult a licensed mortgage professional for personalized information.

Sources: Consumer Financial Protection Bureau and Fannie Mae mortgage calculator guidance.