Formula
Loan amount equals home price minus down payment. The monthly principal and interest payment is calculated from loan amount, monthly rate and loan term, then estimated escrow items are added.
US mortgage estimate
US Mortgage Calculator
Estimate a fixed-rate monthly housing payment from home price, down payment, interest rate, taxes, insurance and PMI. It is not a loan approval or lender quote.
Estimated monthly payment
Enter values to calculate Calculation basis date: May 17, 2026. Fixed-rate amortization estimate.Calculation Basis and Official Sources
Calculation basis date: May 17, 2026. Uses a standard fixed-rate amortization approach and user-entered tax, insurance and PMI assumptions.
Before borrowing, compare lender Loan Estimates, CFPB guidance, state requirements and qualified mortgage or legal advice.
Formula and Interpretation
How to read it
Use this to compare scenarios. A lender quote can differ because of credit score, points, APR, PMI, taxes, insurance, HOA dues and closing costs.
This calculator and its examples are for general information and rough estimation only. They are not legal, tax, accounting, payroll, lending, mortgage, investment, insurance, medical or other professional advice.
Rates, bands, thresholds, deductions, credits, local rules, employer settings, lender terms, product rules and personal facts can change. We do not guarantee that the calculations are accurate, complete, current or suitable for your situation.
US note: this page is not legal, tax, accounting, payroll, lending, mortgage, employment, insurance or financial advice. Check IRS, SSA, state agencies, your employer, lender, CPA, attorney or qualified adviser before acting.
Before You Rely on the Result
Practical examples
Compare a 20% down payment with a 10% down payment to see LTV and PMI pressure.
Test 6.0%, 6.5% and 7.0% rates to see monthly sensitivity.
Add estimated property tax and insurance to avoid looking only at principal and interest.
What this includes
- Principal and interest estimate
- User-entered property tax, insurance and PMI
- Loan-to-value estimate
What this does not include
- Loan approval, APR, points, closing costs and lender fees
- HOA dues, maintenance, utilities and future escrow adjustments
- Adjustable-rate resets and refinance assumptions
When to check official sources
Use lender disclosures, CFPB resources and a qualified mortgage or legal adviser before signing a loan or purchase contract.