MORTGAGE PAYMENT CALCULATOR

What's Your Monthly Payment?

Calculate your estimated monthly mortgage payment including principal, interest, taxes, insurance, and HOA.

Principal & Interest Taxes & Insurance Total PITI

Understanding your full monthly housing cost helps you budget accurately and shop with confidence.

What's included in PITI?

Principal: The amount going toward your loan balance
Interest: The cost of borrowing money
Taxes: Property taxes (typically ~1.1% in CA)
Insurance: Homeowner's insurance coverage

Home Price ($)

Down Payment

20% ($0)

Interest Rate (%)

Loan Term

Annual Property Tax (%)

Annual Home Insurance ($)

Monthly HOA ($)

PMI (if <20% down) $/mo

Frequently Asked Questions

How much will my monthly mortgage payment be?

Monthly mortgage payments depend on loan amount, interest rate, term, and costs. On a $500K home with 20% down at 7% rate, expect ~$2,662/month for principal and interest. With taxes and insurance, budget $3,200-3,500.

How much do I need for a down payment?

Down payments range from 0% (VA/USDA) to 20%+ (conventional ideal). On a $500K home: 20% down = $100K, 10% = $50K, 5% = $25K. Less than 20% down requires private mortgage insurance (PMI).

Should I choose a 15-year or 30-year mortgage?

A 30-year mortgage has lower monthly payments but more total interest. A 15-year mortgage has higher payments but saves 50%+ on total interest. Choose 15-year if you can afford the payments; 30-year if you need flexibility.