Free Mortgage Payment Calculators
The payment has four parts and only one of them is fixed
Principal and interest, property tax, insurance and mortgage insurance behave completely differently over the life of a loan. Four calculators for the total and for each moving part.
Monthly Mortgage Payment Calculator
Build the full monthly payment: principal and interest, property tax, insurance, mortgage insurance and any association dues.
Result
Total monthly payment
$3,170
- Principal and interest
- $2,389
- Property tax
- $433
- Homeowner insurance
- $158
- Mortgage insurance
- $189
- Association dues
- $0
- Loan amount
- $378,000
- Loan-to-value
- 90%
- Total interest over the term
- $482,118
Loan amount is 378000 after a down payment of 10% of the purchase price.
Private mortgage insurance is included because the loan starts above 80% loan-to-value. Most lenders remove it once the balance falls to 80%.
Yearly amortization summary
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $4,225 | $24,446 | $373,775 |
| 2 | $4,508 | $24,163 | $369,267 |
| 3 | $4,810 | $23,861 | $364,457 |
| 4 | $5,132 | $23,539 | $359,325 |
| 5 | $5,476 | $23,195 | $353,849 |
| 6 | $5,842 | $22,828 | $348,007 |
| 7 | $6,234 | $22,437 | $341,773 |
| 8 | $6,651 | $22,019 | $335,122 |
| 9 | $7,097 | $21,574 | $328,026 |
| 10 | $7,572 | $21,099 | $320,454 |
Read the full guide, worked examples and FAQ for this calculator →
Popular tools
The calculators visitors to MortgagePaymentTools open most often.
- Mortgage Payment
Monthly Mortgage Payment Calculator
Build the full monthly payment: principal and interest, property tax, insurance, mortgage insurance and any association dues.
Open calculator → - Mortgage Payment
Escrow Payment Calculator
Work out the monthly escrow amount, the cushion a servicer holds, and what an escrow shortage adds to the payment.
Open calculator → - Mortgage Payment
PMI Removal Calculator
Find when mortgage insurance comes off: the scheduled date on the original value, and the earlier date if the property appreciates.
Open calculator → - Mortgage Payment
Temporary Buydown Calculator
Price a 2-1 or 1-0 temporary rate buydown: the payment in each subsidised year, the step-ups, and what the subsidy costs.
Open calculator →
Almost every question about a mortgage payment is really a question about one of its components. Why did it go up when the rate is fixed? When does the insurance line disappear? What happens when the seller-funded subsidy runs out?
These tools answer those separately rather than reporting a single total. The escrow calculator explains the annual increase. The mortgage insurance tool gives the removal date on both bases. The buydown tool shows the step-up before it arrives.
Browse by category
Mortgage Payment
The monthly payment and every component inside it.
Why use MortgagePaymentTools
The whole payment, not the advertised part
Tax, insurance, mortgage insurance and association dues added to principal and interest, each shown on its own line.
Escrow increases explained
A tax rise produces two effects at once: a higher monthly amount and a shortage from the year just passed. That is why the increase looks disproportionate.
A date for mortgage insurance
The scheduled removal point on the original value, and the earlier point if the property appreciates and you request it.
Buydowns priced before the step-up
The payment in year one, in year two, and from year three - along with what the subsidy costs whoever funds it.
How it works
- Build the full payment from the price, the loan terms and your own tax and insurance figures.
- Split out the escrow portion so annual changes are readable rather than alarming.
- Find the point at which mortgage insurance comes off and what it costs until then.
- If a buydown is offered, look at the payment from year three first.
Frequently asked questions
Why is my payment different from the advertised one?
Advertised figures are usually principal and interest only. Property tax, insurance, mortgage insurance and association dues are added on top and often account for twenty to thirty percent of the total.
Why did my payment rise on a fixed-rate loan?
The fixed part is principal and interest. Tax and insurance are re-estimated every year, and any escrow shortage from the previous year is collected on top of the new amount.
When does mortgage insurance stop?
On most conventional loans it terminates automatically once the scheduled balance reaches a set share of the original value, and can often be cancelled earlier on request against current value.
Is a 2-1 buydown a lower interest rate?
No. The note rate is unchanged and the loan is underwritten at it. A buydown is a prefunded subsidy that lowers the payment temporarily and then stops.
Do you sell my information to lenders?
No. There is no application form, no lead form and no account. Every calculation runs in your browser and nothing is stored.