Mortgage Payment & True Cost Calculator

Principal and interest is only part of the bill. This tool builds your complete monthly payment, taxes, insurance, PMI, and HOA included, shows what you'll need in cash at closing, and lets you see exactly what a 15-year term or an extra payment each month would actually save you.

1Home & Loan

The basics of what you're financing.

$
$
Below 20% of the home price, we'll estimate private mortgage insurance (PMI) until you reach 20% equity
%

2Taxes, Insurance, Fees & Closing Costs

The ongoing costs that get bundled into most mortgage payments, plus the one-time cost of closing.

%
Annual, as a % of home value; check your local rate
$
$
Leave at 0 if your property doesn't have an HOA
%
Of home price; typically 2-5%, covers lender fees, title, appraisal, and more

3Extra Payments (Optional)

See how much faster you could pay off your loan, and how much interest you'd save, by paying a bit more each month.

$

This tool provides general educational estimates only. Actual rates, taxes, insurance, and closing costs vary by lender, location, and loan program. It is not a loan offer or personalized financial advice. Read our full disclaimer →

Your Mortgage Breakdown

Fill in your numbers above, then select "Calculate My Mortgage" to see your full breakdown.