Mortgage Calculator
Calculate your estimated monthly mortgage payment including taxes and insurance.
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Your Estimated Monthly Payment
$2,089
Principal & Interest $1,770
Property Tax $350
Home Insurance $117
PMI $0
HOA Fees $0
Loan Summary
Loan Amount
$280,000
Down Payment
$70,000
Total Interest Paid
$357,231
Total Cost of Loan
$637,231
Understanding Your Mortgage Payment
Principal & Interest
The core of your payment. Principal reduces your loan balance while interest is the cost of borrowing.
Property Taxes
Varies by location, typically 0.5% to 2.5% of home value annually. Often escrowed with your payment.
Home Insurance
Protects your home from damage and liability. Required by lenders and usually escrowed.
PMI
Required when down payment is less than 20%. Typically 0.5% to 1% of loan amount annually.