Mortgage calculator

Estimate your monthly housing costs and see how a down payment, loan term, or extra payment changes your mortgage.

Home & loan

Home price $

Down payment % Enter as

Annual interest rate % Use the loan’s interest rate, before fees. Loan term in years

First payment month

Fixed-rate loan with monthly payments. Enter your own rate; the example is illustrative.

Taxes & ownership costs

Property taxes per year $ Home insurance per year $

HOA per month $ Maintenance per month $

Other housing costs per month $ For example, utilities or supplementary insurance.

Mortgage insurance per month $ Months of mortgage insurance 0 keeps it until payoff. Use your lender’s estimate.

Annual ownership cost increase % Applies yearly to taxes, insurance, HOA, maintenance, and other costs. Mortgage insurance stays fixed for its entered duration.

Blank costs count as zero. Enter taxes and insurance even if your lender collects them through escrow; include each cost once.

Extra payments & closing cash

Extra principal per month $ Extra principal each year $ Paid with every 12th installment, in addition to monthly extras.

One-time extra principal $ Extra payment month number 1 is the first payment month.

Closing fees paid upfront $ Fees beyond the down payment, excluding prepaid taxes, insurance, and escrow. These are not financed. Prepaid taxes, insurance & escrow $ Adds to upfront cash. These costs are already represented in the recurring estimates above, so they are not added again to the term total.

Extra payments reduce principal after that month’s interest. The scheduled payment stays fixed; no recast or prepayment fee is assumed.

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Monthly payment & costs entered

Enter a home price

Enter the home purchase price.

This estimate uses a fixed rate and monthly payments. Enter mortgage insurance costs and duration from your loan terms; cancellation and loan-program rules are not inferred. For context on the full cost of homeownership, see the CFPB’s homebuying guidance.