Mortgage Calculator Per Month

Calculate your monthly mortgage payments and see exactly how much you'll pay each month.

Monthly Mortgage Calculator
Calculate your monthly mortgage payments

Use our mortgage calculator to estimate your monthly payments

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Monthly Payment Components
  • Principal & Interest: Core loan payment
  • Property Taxes: Annual tax ÷ 12
  • Homeowners Insurance: Annual premium ÷ 12
  • PMI: If down payment < 20%
Example: $400,000 Loan at 6%

Principal & Interest

$2,398/month

Property Taxes

$400/month (estimated)

Insurance

$133/month (estimated)

Total PITI: $2,931/month
Monthly Payment Factors

Loan Amount

The principal amount you borrow directly affects your monthly payment. Higher loan amounts result in higher monthly payments.

Interest Rate

Your interest rate is one of the most significant factors affecting your monthly payment. Even a 0.25% difference can change your payment by $50-100 per month.

Loan Term

Shorter loan terms mean higher monthly payments but less total interest. Longer terms mean lower monthly payments but more total interest over the life of the loan.

Calculate Your Monthly Payment

Use our mortgage calculator to see your exact monthly payment.

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