Estimated Monthly Payment
Principal & Interest
$2,334.95
Property Tax + Insurance
$562.50
Loan amount: $360,000.00
Estimated total interest: $480,583.13
First-month split: Principal $309.95 | Interest $2,025.00
Housing ratio: 33.9% (above common 28% guideline)
Methodology, assumptions, and source references
Auto-updated on Feb 24, 2026Data snapshot: Sep 13, 2025
Inputs used
- Home price, down payment, APR, term, tax rate, insurance, HOA, PMI rate
- Gross monthly income for housing ratio context
Formula basis
- Principal & interest: standard amortization mortgage payment formula
- Property tax monthly = home price × tax rate ÷ 12
- PMI estimate shown when down payment is below 20%
- Housing ratio = total monthly payment ÷ gross monthly income
Assumptions and limits
- Property tax and insurance are treated as fixed estimates
- PMI cancellation timing is not modeled here
- Actual lender costs and escrow rules vary by state and lender