Free Tool
Mortgage Payment Calculator
Calculate your estimated monthly mortgage payment instantly — including principal, interest, property taxes, insurance, and HOA. No credit check. No sign-up.
Calculate your monthly payment
Adjust the sliders — your estimate updates instantly. Unlock your full breakdown free.
- ✓Includes property taxes and insurance
- ✓Shows complete cash-to-close breakdown
- ✓Works for purchase or refinance
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Mortgage calculator — common questions
How does a mortgage calculator work?
A mortgage calculator uses your home price, down payment, interest rate, and loan term to compute your principal and interest payment using the standard amortization formula. Our calculator also adds estimated property taxes, homeowner's insurance, and HOA fees to give you a complete monthly payment picture.
What is included in a monthly mortgage payment?
A full mortgage payment (PITI) includes: Principal (the portion that reduces your loan balance), Interest (the cost of borrowing), Taxes (property taxes, usually escrowed monthly), and Insurance (homeowner's insurance, plus mortgage insurance if your down payment is under 20%). HOA fees are additional if applicable.
How much down payment do I need?
Down payment requirements vary by loan type: FHA loans allow as little as 3.5% down, conventional loans can start at 3% for first-time buyers, VA and USDA loans offer 0% down for eligible borrowers, and jumbo loans typically require 10–20% down.
Does using this calculator affect my credit score?
No. This calculator requires no personal information and makes no credit inquiries. It is a free estimation tool only. A hard credit pull only happens when you formally apply for a mortgage.
How accurate is this mortgage calculator?
The calculator gives a reliable estimate based on the numbers you enter. Actual payments will vary based on your exact rate (which depends on your credit score, loan type, and lender), local property tax rates, and insurance premiums. Use it as a planning tool and get a personalized quote from a licensed loan officer for precise numbers.
Estimates are for informational purposes only and are not a loan approval or commitment to lend. Rates and terms subject to credit approval and change without notice.
Ready for a real number?
Your calculator estimate is a starting point. A licensed HCMG loan officer will give you an exact rate and payment based on your actual profile — still no hard credit check.