Estimate your monthly mortgage payment before you buy. This mortgage calculator adds principal and interest, property tax, home insurance and HOA or maintenance fees to show the full monthly cost of a home loan, plus how your balance falls over time.
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Free to use on your blog or website. Paste this code where you want the calculator to appear, for example in a Custom HTML block in WordPress.
How to use this mortgage calculator
- Enter the home price and your down payment as a percentage.
- Enter the interest rate and choose the loan term.
- Add your local property tax rate, yearly home insurance and any HOA or maintenance fee.
How the mortgage payment is calculated
The principal and interest part uses the standard amortization formula, the same one lenders use. Property tax is the yearly rate × home price ÷ 12, and insurance is the yearly premium ÷ 12. Together with any HOA fee they make up your total monthly housing payment.
Frequently asked questions
How much house can I afford?
A common guideline is to keep total housing costs below about 28% of your gross monthly income. Compare the total monthly payment above with your income to check.
Should I choose a 15-year or 30-year mortgage?
A 15-year mortgage has higher monthly payments but far less total interest. A 30-year mortgage lowers the payment but costs more over time. Switch the term in the calculator to compare both.
Results are estimates for planning only and are not a loan offer. Related: Loan calculator · Savings goal calculator
UK Mortgage Repayments Table: £100,000 to £750,000
£100,000 · £125,000 · £175,000 · £225,000 · £275,000 · £325,000 · £375,000 · £425,000 · £475,000 · £550,000 · £650,000 · £750,000 · See the full table
Mortgage Payment Table: $100,000 to $1 Million
$100,000 · $150,000 · $200,000 · $275,000 · $325,000 · $375,000 · $450,000 · $500,000 · $600,000 · $750,000 · $850,000 · $1,000,000 · See the full table