MotionShine01 / Principal and interest
The loan itself
Worked out with the standard fixed-rate formula on the price less the down payment.
Free tool
Mortgage calculator, the whole monthly cost.
Type the home price, the down payment, the rate you are quoted and the term, plus property tax, home insurance and any HOA fee, and see the full monthly payment broken into its parts. PMI is added when the down payment is under 20%, at the rate you type. A year-by-year table shows principal, interest and what you still owe. This page claims no rates and is not financial advice.
Type the rate you are offered; this page does not suggest rates.
Worked out in your browser. Nothing is sent anywhere.
Every part of the payment
Principal, interest, and the rest.
02 / Tax and insurance
Escrow costs
Yearly property tax and insurance are spread over twelve months, plus any HOA.
03 / PMI
Under 20% down
Lenders often charge mortgage insurance when you put down less than 20%. Type the rate from your quote.
Questions
Good to know.
How is a mortgage payment worked out?
Principal and interest use the fixed-rate formula; tax, insurance, HOA and PMI are added on top.
What is PMI?
Private mortgage insurance, which lenders often require when the down payment is under 20% of the price.
Where do I find my property tax?
Your county or the listing usually shows the yearly amount.
Does the page show current mortgage rates?
No. Type the rate from your lender's quote.
Is this financial advice?
No. It is a calculator for planning.