Mortgage Calculator with Tax & Insurance
Estimate your full monthly mortgage payment including property tax and home insurance.
What your mortgage payment includes
A mortgage payment is more than the loan itself. Lenders usually collect principal and interest, plus a monthly share of your property tax and home insurance (often called PITI). This calculator adds all four so you see the real monthly cost, not just the loan part.
How to lower your payment
A bigger down payment cuts the loan and may remove private mortgage insurance. A lower rate saves the most over time, so compare lenders. A longer term lowers the monthly amount but increases total interest.
Worked example
Last reviewed November 2026. Formulas are standard and shown in the sections above; results are estimates.
Tips and common mistakes
- Budget for maintenance too, often 1% of the home's value per year.
- Check if your lender requires PMI when you put down under 20%.
- Property tax rates differ a lot by area. Look up your local rate.
Learn more
Frequently asked questions
Does this include PMI or HOA fees?
No. Add those separately if they apply to you.
What is a good down payment?
20% avoids PMI in the US, but many buyers put down less. Choose what leaves you a safe cash reserve.
Is a 15-year or 30-year loan better?
A 15-year loan has higher payments but far less interest. A 30-year loan keeps payments lower and more flexible.
Money guides for this topic
All guides →How Loan Interest Really Works
Understand APR, amortization and why early payments are mostly interest, with tips to pay less.
Read guide →Buying a Home or Car: The Math Before You Sign
How to work out what you can really afford for a home or car, using simple rules and real numbers.
Read guide →Extra Mortgage Payments: How Much Do They Save?
See how paying a little extra each month cuts years and tens of thousands in interest, and how to read an amortization schedule.
Read guide →Related calculators
How Much House Can I Afford?
Estimate the home price you can afford from your income, debts and down payment.
Open calculator →Refinance Break-Even Calculator
See if refinancing a loan saves money and how many months it takes to break even.
Open calculator →Down Payment Savings Calculator
Find how long it will take to save the down payment for a home.
Open calculator →Results are estimates and not financial advice.