← All text tools

Mortgage calculator

Your monthly mortgage payment with property tax, insurance, HOA and PMI, the total interest, and a year-by-year balance table.

  • Free
  • No sign-up
  • Works on any device

About Mortgage calculator

Estimate your monthly mortgage payment from the home price, down payment, interest rate and loan term. The result also includes property tax, home insurance, HOA fees and mortgage insurance (PMI) when your down payment is below 20%, and shows how much interest you pay over the life of the loan.

How to use Mortgage calculator

  1. Enter your numbers above.
  2. The result updates instantly as you type.
  3. Change any value to compare different cases.

Why use this tool?

Also known as

Frequently asked questions

How much should I put down on a house?

20% is the traditional target because it avoids mortgage insurance. Many loans accept 3% to 10%, but a smaller down payment means a bigger loan and a higher monthly cost.

Does the payment include taxes and insurance?

Yes. The calculator adds property tax, homeowners insurance, HOA fees and an estimate of PMI to the principal and interest, so you see the real monthly amount.

Is Mortgage calculator free?

Yes. Mortgage calculator on Toolipedia is free to use, with no sign-up and no watermark.

Is it safe to use?

Yes. Everything is worked out in your browser, and nothing you enter is sent to our server.

Does it work on my phone?

Yes. It works in any modern browser on Android and iPhone, as well as on tablets and computers. There's nothing to install.

Do I need an account?

No. Just open the page and use the tool. There's no sign-up and no email needed.

Related tools