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Free Mortgage Payment Calculator

Monthly Mortgage Calculator

Estimate full home loan costs including tax, insurance & principal interest breakdown

Calculate your complete monthly house payment with property tax, homeowners insurance and PMI. View total lifetime interest paid and generate amortization growth charts for 15/20/30 year fixed loans.

Dual Slider & Number Inputs
Amortization Principal Chart
Export Chart PNG File
Embed Calculator Iframe Code

Mortgage Loan Input Parameters

QUICK-FILL LOAN SCENARIOS

$
%

Down payment below 20% will add PMI monthly premium

yrs
%
%
$
%

Total Monthly Full Housing Payment (PITI + PMI)

Complete Monthly Payment
$0.00
Total Interest Paid Over Full Loan Term
$0.00
All interest paid to lender across all loan years
Base Loan Principal Amount
$0.00
Monthly Principal & Interest (PI)
$0.00
Monthly Tax + Insurance Cost
$0.00
Calculations use standard fixed-rate amortization formula. PMI will automatically drop once loan balance reaches 78% of original home value. Variable ARM loans are not modeled in this calculator; results are fixed-rate estimates only.

Mortgage Principal Remaining Balance Chart

Key Mortgage & Home Buying Guidance

Full PITI Breakdown

Includes principal, interest, property tax, home insurance and PMI for complete housing cost visibility.

Down Payment PMI Logic

Automatically adds private mortgage insurance for buyers putting less than 20% down on a home.

15 vs 30 Year Loan Compare

Test both common loan lengths to see massive long-term interest savings on shorter terms.

Export & Embed Loan Tool

Save amortization charts or embed this mortgage estimator on real estate & finance blogs.

Common Mortgage Calculation Questions

What does PITI stand for in mortgage payments?
PITI = Principal, Interest, Property Tax, Homeowners Insurance. If your down payment is under 20%, PMI (Private Mortgage Insurance) is added to your monthly housing cost for extra lender protection.
Why is a 20% down payment recommended for home buyers?
Putting down 20% eliminates mandatory PMI fees, lowers your loan principal, reduces monthly payments and often qualifies you for better base mortgage interest rates from lenders.
What's the difference between 15-year and 30-year fixed mortgages?
A 15-year loan carries much lower total lifetime interest but significantly higher monthly payments. The 30-year option stretches payments thin for lower monthly out-of-pocket cost, with far more total interest paid over decades.
When does PMI automatically get removed from my payment?
Federal rules require lenders to cancel PMI once your loan principal drops to 78% of the home's original appraised purchase price. You may request early removal once you hit 80% loan-to-value via appraisal.
Does this calculator support adjustable-rate ARM loans?
This tool only computes fixed-rate fully amortized mortgages. ARM loans feature changing interest rates after initial teaser periods and require separate variable-rate calculation logic not included here.
Can I embed this mortgage calculator on my real estate website?
Free non-commercial embedding is allowed. Click the Get Embed Code button below the chart to copy a responsive iframe snippet with original site credit links intact.

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Financial Disclaimer

All mortgage payment projections use static fixed interest, tax and insurance rates for illustration purposes only. Actual loan terms, county tax assessments, insurance premiums and lender PMI rules vary widely by location and credit score. This tool is not official lending advice; consult a licensed mortgage broker or loan officer for pre-qualification and exact loan quotes.