Mortgage Calculator
Calculate your monthly mortgage payments including property tax, insurance, and PMI. View amortization schedules and compare different loan scenarios.
Calculator
How it Works
The mortgage calculator uses the standard amortization formula with additional costs like property tax, insurance, and PMI.
M = P × [r(1+r)^n] / [(1+r)^n - 1] + Tax + Insurance + PMI
Real-World Example
Scenario:
A $400,000 home with 20% down, 6.5% APR for 30 years, $4,800/year tax, $1,200/year insurance.
Calculation:
Loan: $320,000 | P&I: $2,022.83 | Tax: $400 | Insurance: $100
Result:
Total monthly payment: $2,522.83