Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property taxes, insurance, and HOA dues.
$
$
%
years
$
$
$
Estimated monthly payment
$2,572.62
Principal & interest$2,022.62
Property tax$400.00
Home insurance$150.00
HOA$0.00
Loan amount$320,000.00
Total interest$408,142.36
Total of payments$926,142.36
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How the calculation works
This calculator applies the standard formula below to the values you enter. Results update instantly in your browser—nothing is submitted to a server.
Formula
M = P[r(1+r)ⁿ] / [(1+r)ⁿ−1], where P is principal, r is the monthly rate, and n is the number of payments.
Worked example
A $320,000 loan at 6.5% for 30 years has principal and interest of about $2,023 per month.
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Frequently asked questions
Is this mortgage calculator free?
Yes. It works instantly in your browser with no signup.
Are the results exact?
Results follow the stated formula, but real-world fees, timing, and rounding can vary.
Results are estimates for informational purposes and are not financial or professional advice.