Tools
Mortgage payment calculator
The full monthly number, not just principal and interest: taxes, insurance and HOA included, with every assumption stated.
Total monthly payment
— per month
- Loan amount
- $496,000
- Principal and interest
- —
- Property tax
- $1,033
- Insurance
- $125
- HOA
- $0
- Total interest over the loan
- —
Assumptions in the worked example
- 20% down payment
- 30-year fixed loan
- Property tax at 2% of price per year (enter the real bill for the town you are looking at)
- Homeowner's insurance at $1,500 per year
- No HOA
Monthly payment by rate
| Rate | P&I | Total monthly | Interest over 30 years |
|---|---|---|---|
| 5.00% | $2,663 | $3,821 | $462,549 |
| 5.50% | $2,816 | $3,975 | $517,844 |
| 6.00% | $2,974 | $4,132 | $574,557 |
| 6.50% | $3,135 | $4,293 | $632,621 |
| 7.00% | $3,300 | $4,458 | $691,964 |
Estimates for planning. Your lender's Loan Estimate and the closing statement are the real numbers.
Want the numbers for a specific home?
Real taxes, real HOA, the actual rate you were quoted. I do this every week.