Mortgage Calculator
What will my monthly home payment be, including taxes and insurance?
See the full monthly cost of owning a home — not just the loan payment, but also property tax and insurance — and how much interest you will pay over the life of the mortgage.
How this calculator works
The loan amount is the home price minus your down payment. Principal and interest are calculated with the standard amortization formula; yearly property tax and insurance are divided by 12 and added on top.
Frequently asked questions
How much down payment should I make?
A larger down payment lowers your loan, monthly payment and total interest. In some countries, lenders charge mortgage insurance when the down payment is below a threshold (often 20%).
What other costs should I budget for?
Maintenance (often estimated at 1% of the home value per year), utilities, association fees and closing costs are not included here.
Results are estimates based on the numbers you enter and simplified assumptions. They are not financial advice. See our disclaimer.