Mortgage Calculator
Mortgage Estimator: Monthly payment with tax & insurance.. Free, no account needed – works offline.
Mortgage Estimator
Personal
Fill all inputs
Click Calculate to see your result.
How the Mortgage Estimator Works
Uses standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1]. Adds monthly property tax and insurance to give total payment.
$300,000 home, $60,000 down, 6.5% rate, $2,400 tax, $1,200 insurance → total monthly ~$2,250.
Common Mistakes
- Forgetting PMI when down payment <20%:
- Not including maintenance costs:
Frequently Asked Questions
How much can I afford?
Keep housing payment below 28% of gross monthly income.