Home Calculators Mortgage Calculator

Mortgage Calculator

Calculate your monthly mortgage payment including principal, interest, taxes, insurance (PITI), and PMI. Includes full amortization and affordability check.

Home & Loan Details

Enter home price, down payment, and loan terms

Purchase Details

Home Price ($)

Down Payment ($)

Down Payment (%)

Loan Term

Loan Amount$320,000

Interest & Costs

Annual Interest Rate (%)

Loan Type

Annual Property Tax ($)

Annual Home Insurance ($)

Monthly HOA Fees ($)

PMI Rate (% if <20% down)

Affordability Check

Annual Gross Income ($)

Monthly Debt Payments ($)

Monthly Payment (P&I)

—

principal & interest only

Total Monthly (PITI)

—

incl. tax, insurance, HOA

Total Interest Paid

—

over loan lifetime

DTI Ratio

—%

debt-to-income ratio

Affordability Thresholds

Front-end ratio≤28% income

Back-end DTI≤36–43%

PMI trigger<20% down

PMI removed at80% LTV

2024 Mortgage Rates

30-yr fixed6.5–7.5%

15-yr fixed5.8–6.8%

5/1 ARM5.5–6.5%

FHA (30-yr)6.0–7.0%

Mortgage Calculator

Home & Loan Details

Step-by-Step Breakdown

Monthly Payment Breakdown (PITI)

Yearly Amortization Summary