Use our mortgage calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan to calculate your mortgage payment, schedule, and more.
Your Estimated Monthly Payment
Per month for 30 years
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Key terms and concepts to help you make informed decisions
The typical rule of thumb is to pay 20% of the home's price as your down payment. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be.
Your loan term can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator. Fixed-rate loans have the same interest rate for the entire duration of the loan.
This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home insurance is typically required by lenders. You can edit this number in the mortgage calculator advanced options.
A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.