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The homeowner’s worksheet

Mortgage payment calculator

Estimate a fixed-rate mortgage payment, then add property taxes, insurance and HOA fees for a fuller monthly picture.

No signup required. Your entries stay in your browser. Illustrative estimates, not loan offers.

01 / Monthly payment

What could the payment be?

For a fixed-rate loan with equal monthly principal-and-interest payments.

Enter your loan assumptions
Add taxes, insurance & HOA fees

Optional. Blank or zero amounts are excluded from the estimate; mortgage insurance is not calculated automatically.

Estimated monthly total

$1,896.20

30-year fixed-rate example at 6.5% annual interest, plus the expenses entered. An estimate, not a loan offer.

Principal & interest
$1,896.20
Property tax
$0.00
Homeowners insurance
$0.00
Mortgage insurance
$0.00
HOA fees
$0.00
Over the scheduled loan term
Monthly payments
360
Total principal & interest
$682,633.47
Total interest
$382,633.47

Excludes fees, taxes, insurance and extra principal payments. Assumes the stated rate for the full term.

Illustrative example. Change the entries to calculate your estimate.

Before making a decision

Understand the estimate.

How principal and interest are calculated

The monthly payment uses the loan amount, annual interest rate and number of monthly payments. At 0% interest, the loan amount is divided by the number of payments. For a positive rate: payment = balance × monthly rate ÷ [1 − (1 + monthly rate)−number of payments]. The monthly rate is the annual interest percentage entered divided by 1,200; use the note interest rate, not APR.

Expenses you enter separately

Annual property taxes and homeowners insurance are divided by 12. Mortgage insurance and HOA fees are entered as monthly amounts. These expenses are not estimated automatically, and they may change over time.

The calculation assumes a fully amortizing fixed-rate loan with equal monthly payments. It excludes adjustable-rate changes, balloon payments, fees and extra principal payments. Lender rounding can cause small differences. Read the CFPB Loan Estimate explainer and monthly-payment worksheet when reviewing an actual offer.

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