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Mortgage payment calculator

Get principal and interest from just the loan, rate, and term. Add taxes, insurance, HOA, or program details only when you want them included.

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Known subtotal$2,275.44/moView details ↓

Your scenario

Start with the basics

Start with

Home price + down Loan amount only

Loan program

Conventional FHA VA USDA

Home pricePurchase price or estimated value. Down paymentCash down as a percentage.

Interest rateUse a quote or an illustrative rate. Loan termWhole years, up to 30.

Optional costs & program detailsTaxes, insurance, HOA, PMI, and fees

Leave any field blank to exclude it. These details never block principal and interest.

Property tax rate optionalAnnual rate; leave blank to exclude property taxes.

Home insurance / month optionalLeave blank to exclude homeowners insurance. HOA dues / month optionalLeave blank when no HOA applies.

Credit-score range needed for PMILoanSifter benchmark PMI is included only after you choose the matching range.

Known monthly subtotal

$2,275.44

Estimate ready

Conventional · 30 years · 20% down

This subtotal excludes property taxes, homeowners insurance, and HOA dues. Add only the details you want included.

Principal and interest: $2,275.44
Property taxes: Not included
Homeowners insurance: Not included
HOA dues: Not included
Mortgage insurance: $0.00

Base loan$360,000.00

Estimated note$360,000.00

Loan-to-value80%

Upfront program fee$0.00

AmortizationYear-by-year principal, interest, and balance

Total interest$459,160.16

Total principal + interest$819,160.16

Annual amortization schedule
Year	Principal	Interest	Ending balance

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Purchase-planning estimate only; refinance, VA IRRRL, and cash-out fee rules are not modeled. It is not a quote, Loan Estimate, APR, approval, or commitment to lend. Taxes, insurance, PMI, program fees, eligibility, and lender pricing must be verified for your specific loan.

Program assumptions and sources

Assumptions were reviewed August 13, 2026. FHA annual MIP uses HUD's current term, LTV, and base-loan bands; the displayed monthly amount estimates the first amortization year's average scheduled balance and is labeled illustrative. Sources: HUD Handbook 4000.1 Update 18, Appendix 1.0, HUD periodic MIP calculation, USDA HB-1-3555 Chapter 16, VA funding fees, and a LoanSifter by Optimal Blue benchmark priced August 13, 2026. Conventional PMI is an illustrative benchmark, not a live mortgage-insurance quote. We sampled a $500,000 conventional Standard purchase and appraised value, first lien, fixed rate, primary one-unit detached occupancy in Austin, 30% DTI, 24 months of reserves, one financed property, no first-time-buyer designation, borrower-paid monthly MI, unspecified automated underwriting, and all available investors at representative scores and 85%, 90%, 95%, and 97% LTV for 15- and 30-year terms. LoanSifter's whole-dollar monthly amounts were converted to annual rates rounded to 0.01 percentage point and applied to the corresponding score and LTV ranges; 20-year estimates use the 20-or-less table and were checked in five scenarios spanning every sampled LTV. Product counts are eligible lender mortgage products, not independent insurer quotes; the common nonzero standard conforming MI was used, excluding zero-MI specialty products. The 97% samples returned only three to four eligible products. Actual PMI varies by insurer, required coverage, underwriting findings, DTI, reserves, loan amount, property, occupancy, location, lender, program, and borrower profile. Verify PMI with a current loan-specific quote.

What this number includes

One payment, with the assumptions visible.

Principal and interestCalculated immediately from the loan amount, rate, and term.

Escrows and HOATaxes, homeowners insurance, and association dues are optional and shown separately.

Program costsPMI or financed fees are added only when the calculator has enough information to estimate them.