Mortgage Calculator
Monthly payment with taxes and insurance
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About this calculator
Enter the home price, your down payment and the loan terms to estimate the monthly payment of principal and interest. Add yearly property tax and insurance to see the full monthly housing cost.
The formula
Payment = L × r(1+r)^n ÷ ((1+r)^n − 1), with L = price − down payment
Worked examplePrice 250,000, 20% down, 6.5% over 30 years → loan 200,000, payment 1,264.14.
Frequently asked questions
What down payment is typical?
Often 10–20% of the price, but it varies by country and lender.
Is the payment fixed?
For fixed-rate loans yes. Adjustable-rate loans change over time.
What else should I budget?
Maintenance, utilities, closing costs and possible association fees are not included.
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