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Mortgage Payment Calculator
Estimate principal, interest, property tax, home insurance, PMI and HOA for a U.S. home purchase. Adjust the inputs to see the estimated monthly payment and total interest.
Free calculator · PITI estimate · Mortgage payment planning
Your numbers
Loan termSelect the repayment term for the mortgage.
Estimated Monthly Payment
Total per month
$2,744.82
on a $340,000 loan over 30 years
- Principal & interest$2,205.23
- Property tax$389.58
- Homeowner's insurance$150.00
- Loan amount
- $340,000
- Down payment
- $85,000
- Total interest
- $453,884
- Number of payments
- 360
An estimate for planning, not a lender quote. Lender figures can differ with your credit profile, locked rate, local tax assessment, insurance premiums, escrow requirements and prepaid closing items.
Monthly payment$2,744.82
FAQ’s
Frequently Asked Questions
What is included in a mortgage payment?
- Principal & interest
- Principal repays the amount borrowed; interest is the lender's charge for the loan. On a fixed-rate mortgage the rate stays the same for the life of the loan.
- Property tax & insurance
- Property taxes are set locally and may be based on assessed value rather than price. Homeowner's insurance is commonly collected through escrow with the monthly payment.
- PMI & HOA
- PMI may apply below 20% down; it is estimated here at 0.55% of the loan a year. HOA dues, where they apply, add to the monthly housing cost.
- Affordability context
- A common guideline keeps the total payment at or below 28% of gross monthly income, with all debt payments under 36%: a planning guide, not a lending rule.
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