US Mortgage Calculator

Estimate monthly payment with principal, interest, taxes, insurance, HOA, and PMI.

Mortgage Inputs

Estimated Monthly Payment

Total Monthly
$3,047.45
Principal & Interest
$2,334.95
Property Tax + Insurance
$562.50
PMI + HOA
$150.00

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)

Monthly payment composition

Total$3,047.45
  • Principal & interest
    76.6%
    $2,334.95
  • Property tax
    13.5%
    $412.50
  • Insurance
    4.9%
    $150.00
  • HOA
    4.9%
    $150.00

Trust and methodology

Last reviewed: March 5, 2026

This calculator provides planning estimates based on the assumptions shown on this page.

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

Official sources