Mortgage Calculator
Estimate a monthly mortgage payment, including principal, interest, property tax, and homeowners insurance.
estimated monthly housing payment
- Principal & interest
- $2,022.62
- Tax, insurance, entered mortgage insurance & HOA
- $550.00
- Loan term
- 360 months
- Cash at closing
- $80,000.00
- Estimated interest
- $408,142.36
Formula used
Principal and interest use the standard amortizing-loan formula; annual property tax and insurance are divided by 12 and added to the monthly estimate.
Worked example
A $320,000 mortgage at 6.5% for 30 years has estimated principal and interest of about $2,022 per month, before taxes, insurance, HOA dues, or mortgage insurance.
How to understand the result
The estimate separates the loan payment from recurring housing costs so you can see which assumptions drive the monthly total.
Assumptions and limits
- Fixed-rate fully amortizing loan
- Taxes and insurance remain constant
- HOA dues and mortgage insurance are excluded unless considered separately
Frequently asked questions
Does the result include PMI?
Advanced mode includes editable mortgage-insurance and HOA inputs when they apply.
Is this an affordability decision?
No. It is a payment estimate, not an approval, affordability determination, or lending offer.
Related guides
Sources and review
Formula and explanatory content reviewed August 31, 2026. See the Kalcue methodology and editorial policy.