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Mortgage calculators are what we do. Estimate payments with PMI, taxes, and insurance. Easily toggle between conventional, FHA, USDA, and VA loans.
| Principal & Interest | $2,594 |
| Property Tax | $833 |
| Home Insurance | $208 |
| PMI not required |
| Purchase Price | $500,000 |
| Down Payment | $100,000 |
| Total Payments | $933,980 |
A $500,000 home with a 20% down payment, 6.75% interest rate, and 30 year term results in a mortgage payment of $2,594 before taxes and insurance.
Total Payment: $3,636*
*Includes monthly tax and insurance of $833 and $208, respectively.
PMI is not required when you make a down payment of 20% or more.
Most mortgage calculators only give you principal and interest. Ours gives you everything, including property taxes, insurance, PMI, and affordability metrics, so you’re not left guessing.
Whether you're exploring FHA, VA, USDA, or a conventional loan, our calculator helps you estimate real-world costs with precision.
We go beyond the basics. Here’s what your monthly payment estimate covers:
Our calculator doesn’t just show your payment; it helps you decide if you can afford it:
Choosing the right loan type can affect your payment, approval chances, and even how much house you can afford. Here's a quick overview:
Understanding which loan fits your situation can help you optimize your finances and avoid surprises later in the process.
Before falling in love with a home, it's essential to know what fits comfortably within your budget. Lenders consider your income, debt, credit score, and down payment when calculating affordability, but ultimately, you decide what feels manageable.
Here’s how to get a clearer picture:
If you're unsure, our calculator's built-in housing ratio and DTI tools help you gauge affordability in real time, so you're not overextending yourself.
A lower monthly payment can free up cash for savings, investments, or everyday expenses. Here are smart ways to reduce your mortgage burden:
Making small changes now can lead to big savings over time. Our calculator helps you see how each adjustment affects your bottom line in real time.
Your monthly mortgage payment typically includes principal, interest, property taxes, homeowners insurance, and possibly PMI or HOA dues.
A good rule of thumb is to keep your housing expense below 28% of your gross income and your total debt-to-income ratio under 43%.
Most lenders require a minimum credit score of 620 for conventional loans and 580 for FHA loans. Higher scores often mean better rates.
No. Many loans allow for much less, FHA starts at 3.5%, conventional as low as 3%, and VA or USDA loans offer 0% down options.
Yes. Once you reach 20% equity in your home, you can typically request to cancel PMI on a conventional loan.
Pre-qualification is an estimate. Pre-approval involves a full credit check and documentation review, making it stronger when house hunting.
We use real-time rate averages and allow full customization. It’s designed to give you a realistic estimate based on your specific situation.
Want to dive deeper into mortgage insights? Check out these helpful reads from our blog:
Top 3 Most Common Mortgage Loans: Which One Is Best?
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Mortgage Rate Predictions for 2025
Wondering where mortgage rates are headed this year? Get our expert take.
How to Lower Your Mortgage Payment in 2025
Explore smart strategies to reduce your monthly housing costs and save over the life of your loan.
TIP • Click a rate to use it on the appropriate calculator. We round it to the nearest eighth.
Stay up to date on home buying, ownership, and mortgage news.
Cheapest places to live in 2025–2026 include Toledo, Fort Wayne, Wichita, and Little Rock. See top affordable US cities for housing and cost of living.
Handle surprise home expenses fast. Learn how same-day loan options help cover urgent repairs and moving costs without disrupting your mortgage plans.
Mortgage points let you buy a lower interest rate. Learn how they work, how much they cost, and whether buying points actually saves you money.
Learn what a USDA guarantee fee is, how it works, current rates, and how it affects your monthly mortgage payment in 2025.
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