Mortgage Calculator
Calculate your monthly mortgage payment and view amortization schedule.
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P&I
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Tax
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Insurance
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Interest
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Annual Amortization
Understanding Your Mortgage
Your monthly mortgage payment consists of Principal, Interest, Taxes, and Insurance (PITI). Understanding each component helps you budget effectively and build equity over time.
Making one extra payment per year can cut years off your mortgage and save thousands in interest. Consider bi-weekly payments for an easy way to achieve this.
The Formula
Last Updated: February 2026
Disclaimer: This calculator provides estimates. Actual payments may vary based on your specific loan terms. Consult a mortgage professional for precise quotes.
SponsoredAbout the Mortgage Calculator
Calculates US mortgage payments including principal, interest, property tax, insurance, and PMI where applicable.
Use when buying a home in the US to compare loan terms, estimate total housing cost, and evaluate down payment scenarios.
Monthly payment uses standard amortization: M = P × [r(1+r)^n] / [(1+r)^n − 1] plus taxes and insurance.
A $400,000 loan at 6.5% over 30 years yields a principal-and-interest payment of about $2,528 before taxes and insurance.
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