Homebuying, made clearer
See how the pieces of a home payment fit together. Adjust any number and your estimate updates right away.
Choose monthly or yearly for each amount.
Enter your details to see the full monthly breakdown.
Behind the number
The principal-and-interest portion uses the standard fixed-rate mortgage formula. It spreads the loan amount across equal monthly payments using your annual interest rate and loan term.
M is the monthly principal and interest, P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. At 0% interest, the loan amount is divided evenly by the number of months.
Good to know
The estimate includes principal and interest, property taxes, homeowners insurance, HOA fees, and PMI using the amounts you enter.
No. Closing costs, utilities, repairs, maintenance, and other homeownership expenses are not included unless they are part of an input shown above.
A lender may use different tax, insurance, PMI, escrow, rate, or fee assumptions. This calculator is an educational estimate, not a loan quote.