Plan your home purchase

Mortgage calculator with taxes, insurance & PMI

Estimate your full monthly mortgage payment by property location and loan type. Compare four scenarios and download a report before buying a home.

Shop for your home loan

Compare mortgage rates and lender quotes

Select your property state or ZIP code in the calculator, then request quotes for that location.

U.S. weekly benchmark: 30-year fixed 6.76%; 15-year fixed 6.09%. Freddie Mac PMMS, 2026-09-10. National averages, not local offers.

How planning rates are estimated

For 15- and 30-year VA planning estimates we subtract 0.25 percentage points from the conventional benchmark; for jumbo / non-conforming we add 0.50 points. These are illustrative assumptions, not observed market spreads or lender offers. Jumbo rates can also be lower than conventional. Other terms and products require your own quote. This is a dated snapshot, not a live rate feed.

Request the same loan type, term, purchase price, down payment and rate-lock period from each lender. Credit score, occupancy, points and lender fees can change the quote. This site does not currently retrieve or rank live local lender offers.

Search banks, credit unions and mortgage lenders

Find a lender by name

18 lenders listed

Independent reference directory, not a complete market list or a ranking. No listed lender sponsors or endorses this calculator. Product availability varies; confirm your ZIP code and loan details on the lender’s website.

Enter and compare up to three lender quotes

Use quotes for the current property and loan settings above. Fields start blank because these are your quotes, not advertised offers. “Save to comparison” applies the rate and adds a snapshot to the calculator’s four-scenario comparison.

APR and points are recorded for comparison; the payment uses the interest rate. Points are upfront costs and are not added to the monthly PITI estimate. A saved quote is not a rate lock or loan approval.

Buying a home: payment guide & calculation method

Buying a home? Start with the full monthly payment

A mortgage calculator should help you see more than principal and interest. Property taxes, homeowners insurance, mortgage insurance and HOA dues can change the amount you need each month. Enter the home price and down-payment percentage, select the property state or ZIP code, then replace planning defaults with local estimates and a lender quote.

1. Set a home-price budget

Start with household income, existing debts and the cash you want to keep after closing. Our home affordability calculator lets you test a budget before you shop. A price estimate is not a preapproval.

2. Compare loan options

Use conventional, FHA, VA, USDA, jumbo or ARM settings to explore payment assumptions. Review loan types, down payments and PITI. A low down payment can help with upfront cash, while insurance and program fees affect the financing cost.

3. Shop comparable quotes

Request quotes for the same loan type, term, down payment and rate-lock period. Record the interest rate, APR, points and date. A lower advertised rate can require more cash upfront. Compare lender Loan Estimates before choosing.

4. Plan cash and ongoing costs

Leave room for closing costs, maintenance, utilities and repairs. These are separate from PITI. Use the savings goal calculator to plan your down payment and cash cushion.

For the homebuying process and comparing Loan Estimates, see the Consumer Financial Protection Bureau’s homebuyer resources.

How this mortgage payment calculator works

The principal-and-interest payment uses the loan balance, monthly interest rate and number of monthly payments. Monthly property tax and insurance estimates are added for PITI. The displayed housing total also includes entered mortgage insurance and HOA dues. Any financed program fee increases the loan balance.

Monthly P&I = L × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)

L is the financed loan balance, r is the annual interest rate divided by 1,200, and n is the loan term in months. At a 0% interest rate, principal and interest equal the loan balance divided by the number of payments. ARM results on this page use the initial rate; use the real estate finance calculator to explore rate resets.

Mortgage comparisons for homebuyers and loan officers

Save three scenarios and adjust the live fourth scenario. Compare purchase prices, down payments, loan products and interest rates side by side. Export an outlined comparison in Excel, Word, PDF or JPG for a buyer discussion, budgeting session or follow-up with a lender.

Reports use the assumptions entered. They are educational estimates, not a Loan Estimate, underwriting decision, rate lock or commitment to lend. No borrower account or Social Security number is required.

Mortgage calculator questions

What does PITI mean?

PITI means principal, interest, taxes and insurance. This calculator also shows mortgage insurance and HOA dues separately so you can understand the broader monthly housing cost.

Does this calculator include PMI?

Yes. Mortgage insurance is estimated from the selected loan product and editable insurance rate. Conventional PMI, FHA MIP and USDA fees use different assumptions; VA loans do not use monthly mortgage insurance in this model.

How much is the mortgage payment on a $450,000 home?

It depends on the down payment, rate, term and property costs. Open the $450,000 mortgage-payment example, then change the inputs to your own home and lender quote. The purchase price and loan amount are different when you make a down payment.

Does my ZIP code determine my mortgage rate?

Location can affect lender availability and pricing, but it does not determine your rate alone. Credit, down payment, occupancy, loan amount, product, points and lock period matter. The benchmark shown here is national; it is not the lowest rate available in your ZIP code.

What changes when I choose a state?

The property-tax planning rate and dated state typical-home-value reference change. A state value is not a property appraisal, and the state tax average is not a tax bill. Use the annual tax override and your insurer’s quote for a more specific estimate.

Should I use interest rate or APR for the payment?

Use the note interest rate to calculate principal and interest. APR includes certain borrowing costs and helps compare offers. Compare APR alongside points, cash to close and the time you expect to keep the loan.

Is this a bank or mortgage lender?

No. Everyday Finance provides independent calculation tools. The bank directory links to official websites; listing a lender does not imply affiliation, endorsement or approval.

Start with your income

What does $24 an hour mean for your life?

See annual and monthly pay, estimate take-home income, then explore a home budget or savings goal.

$24 an hour is how much a year? →$75,000 salary to hourly →Explore everyday money questions →

All calculators

Plan your next money decision

Every calculator includes four-scenario comparisons and one-page Excel, Word, PDF and JPG exports.

01 Mortgage PITI & loan type calculator Compare conventional, FHA, VA, USDA, jumbo and adjustable-rate loans with a state-aware monthly payment breakdown. 02 Hourly wage & paycheck calculator Estimate gross and take-home pay from an hourly wage or annual salary, your work schedule, pay frequency and state. 03 Federal income tax calculator Estimate ordinary federal income tax using 2026 brackets and the standard deduction for single or married-joint filers. 04 Car payment calculator Estimate the payment, amount financed and all-in vehicle cost before discussing monthly numbers with a dealer. 05 Loan payment calculator Compare a fixed monthly payment with the full interest and fee cost before you borrow. 06 Compound interest calculator See the projected balance split between the money you add and the growth that money may earn over time. 07 401(k) & retirement savings calculator Project your 401(k) and retirement savings, contributions and future income. 08 Investment return calculator Measure a completed investment using its change in value, income received, fees and holding period. 09 Inflation calculator See what today’s purchase could cost later and how much buying power the same number of dollars may retain. 10 Debt payoff calculator See the estimated payoff date in months, interest cost, and the time an extra monthly payment may save. 11 How much house can I afford? Turn your income and monthly debts into a home-price planning budget, then see how down payment, rates and local costs change it. 12 Savings goal calculator See how long it could take to reach a savings target, and compare monthly contributions side by side. 13 Regular calculator Work out everyday arithmetic, percentages and quick calculations. 14 Scientific calculator Calculate powers, roots, logarithms and trigonometry in degrees or radians. 15 Real estate finance calculator Independent web tool inspired by the Qualifier Plus IIIx 3415: loans, qualifying and property costs. 16 Social Security retirement calculator Compare estimated U.S. benefits at early, full and delayed retirement ages.