Mortgage Payment Calculator
Calculate your estimated monthly mortgage payment
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Understanding Your Payment
Principal & Interest
The main portion of your payment that pays down your loan balance and interest charges.
Property Taxes
Local taxes based on your home's value. Often collected through escrow.
Insurance
Homeowners insurance protects your investment from damage and liability.
PMI
Private Mortgage Insurance is typically required when your down payment is less than 20%.
The 28/36 Rule
Financial experts recommend your housing costs stay below 28% of your gross monthly income, and total debt below 36%. Check your DTI →
Disclaimer: This calculator is for educational and illustrative purposes only. Our Loan Pro is not a mortgage lender, broker, or loan originator. Results are estimates only and do not constitute a loan offer, rate quote, or pre-approval. Consult a licensed mortgage professional for accurate quotes and personalized advice.