Mortgage Calculator with Taxes and Insurance

Your details

The purchase price of the property.
The amount you pay upfront. 20% or more avoids PMI on a conventional loan.
The number of years over which you repay the loan.
Your mortgage's annual interest rate (APR may differ; use the note rate here).
%
The annual property tax as a percentage of the home value. The US average is about 1.1%.
% of home value
Your estimated annual homeowners insurance premium. Typically $800-$2,000 per year.
$/yr
Private mortgage insurance rate (only applies when down payment is less than 20%). Typical range: 0.2%-2% per year.
% annually
Monthly homeowners association fee. Enter 0 if your property has no HOA.
$/mo
An additional amount applied to principal each month. Even small extra payments can shorten the loan and cut total interest substantially.
$/mo
Currency
Total monthly paymentNo PMI required
$2,574.19

Principal + interest + taxes + insurance + PMI + HOA

Principal and interest$2,107.52
Monthly property tax$366.67
Monthly insurance$100.00
Monthly PMI$0.00
Loan amount$320,000.00
Total interest paid$438,707.35
Total cost of loan$758,707.35
Down payment percentage0.2%
Actual payoff (months)360
Interest saved by extra payments$0.00
Loan Principal$320,000.00
Total Interest$438,707.35

Your total monthly housing cost is $2,574.

  • Your principal and interest payment is 82% of your total monthly obligation.
  • Taxes, insurance, PMI, and HOA add up to about 467/mo on top of principal and interest.

Next stepRun the numbers with a 15-year term to see how much interest you save versus the higher monthly payment.

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