Mortgage Payment Calculator
Estimate your full monthly housing payment by combining principal and interest with property taxes, insurance, and HOA dues.
Estimated Total Monthly Payment
$2,730.05
Principal and interest: $2,126.72
Property Tax
$350.00
Home Insurance
$133.33
HOA
$120.00
Loan Amount
$340,000.00
Amortization Schedule
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $313.39 | $1,813.33 | $339,686.61 |
| 2 | $315.06 | $1,811.66 | $339,371.56 |
| 3 | $316.74 | $1,809.98 | $339,054.82 |
| 4 | $318.43 | $1,808.29 | $338,736.39 |
| 5 | $320.13 | $1,806.59 | $338,416.26 |
| 6 | $321.83 | $1,804.89 | $338,094.43 |
| 7 | $323.55 | $1,803.17 | $337,770.88 |
| 8 | $325.28 | $1,801.44 | $337,445.61 |
| 9 | $327.01 | $1,799.71 | $337,118.59 |
| 10 | $328.75 | $1,797.97 | $336,789.84 |
| 11 | $330.51 | $1,796.21 | $336,459.33 |
| 12 | $332.27 | $1,794.45 | $336,127.06 |
How this mortgage payment calculator works
The calculator first determines your financed loan amount by subtracting the down payment from the home price. It then calculates principal and interest using standard mortgage amortization and adds recurring housing costs on top.
This all-in view is more useful than a basic mortgage quote because it matches the actual monthly cash flow a homeowner has to carry, not just the financing portion.
Why full payment matters more than headline rate
Buyers often focus on interest rate and monthly principal payment first, but taxes, insurance, and HOA can make a meaningful difference. In some markets, these extra costs change the affordability picture more than a small rate difference does.
Use this number together with your home affordability and debt-to-income results. The closer those pages align, the more confidence you can have that the budget is realistic.
Frequently Asked Questions
The core payment usually includes principal and interest. Many homeowners should also budget for property taxes, homeowners insurance, HOA dues, and sometimes mortgage insurance depending on the loan structure.