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Mortgage Calculator

Your full monthly payment including taxes, insurance and PMI.

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Total monthly payment -
Principal & interest -
Taxes & insurance -
PMI (if <20% down) -
Loan amount -

Estimates only. Not financial advice.

How it works

We amortize your loan (price minus down payment) for principal and interest, then add monthly property tax and insurance. If your down payment is under 20%, we add PMI until you reach 20% equity.

20% down: putting down 20% avoids PMI, which can save you hundreds of dollars a month.

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FAQs

What’s included in my monthly payment?

Principal and interest, plus property taxes, homeowners insurance and PMI if applicable (PITI).

When do I pay PMI?

Usually when your down payment is below 20%. It drops off once you reach about 20% equity.

How much house can I afford?

A common guideline keeps total housing costs under 28% of gross monthly income.

Should I pick a 15 or 30-year term?

15-year loans have higher payments but much less total interest; 30-year loans cost more but are more affordable monthly.

Are taxes and insurance exact?

They’re estimates - actual amounts depend on your location and provider.