Mortgage Calculator
Calculate monthly mortgage payment with taxes, insurance, and HOA.
Calculator InputsInstant Math
Taxes, Insurance & Fees
Results & Calculation SummaryVerified
Total Monthly Mortgage Payment
$2,522.62
For a home priced at $400,000.00 with $80,000.00 down (20.0%), your estimated total monthly payment is $2,522.62 ($2,022.62 P&I + taxes, insurance, & HOA).
$2,022.62
$400.00
$100.00
$0.00
What is Mortgage Calculator and How is it Calculated?
The CalcTower Mortgage Calculator estimates your complete monthly housing payment including principal, interest, property taxes, homeowner insurance, and HOA dues.
Loan principal of $320,000 over 30 years at 6.5%.
Common Real-World Use Cases
Estimate the full monthly payment - including taxes, insurance, and HOA - before house-hunting at a given price range.
Run the same home price and rate at both terms to compare the monthly payment difference against the total interest difference.
Check how increasing the down payment amount or percentage lowers the loan principal, monthly payment, and total interest.
Comparing Total Interest Across Scenarios
The total interest figure over a full 30-year term is often larger than the amount borrowed, especially at higher rates - that’s the tradeoff for spreading payments over more years. Re-running the calculator with a shorter term or a larger down payment shows how much of that total interest a given change would actually remove, even though it raises the required monthly payment or upfront cash.
- 1Enter total Home Price.
- 2Enter Down Payment (in $ or %).
- 3Specify Interest Rate (%) and Loan Term (e.g., 30 or 15 years).
- 4Optionally input Annual Property Tax, Home Insurance, and Monthly HOA dues.
- 5View total estimated monthly mortgage payment and loan breakdown.
- •Putting down at least 20% avoids Private Mortgage Insurance (PMI) on conventional loans.
- •15-year mortgages feature higher monthly payments but drastically lower total interest paid.
- •Entering the down payment in the wrong field mode - this calculator accepts down payment as either a dollar amount or a percentage of home price; double-check which mode is selected before reading the result.
- •Leaving property tax, insurance, and HOA fields blank and assuming the result is the full housing payment - those fields default to zero if left empty, so the payment shown will only be principal and interest.
Results are estimates for informational and educational purposes and may differ from actual lender, bank, tax, or investment results.
Frequently Asked Questions
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