How to Use the Mortgage Calculator

Enter the home price, your down payment amount (or percentage), the annual interest rate, and loan term. Optionally add property tax, insurance, HOA fees, and PMI for a complete PITI (Principal, Interest, Tax, Insurance) payment estimate.

Principal

The portion of your payment that reduces your loan balance each month.

Interest

The cost of borrowing charged by the lender on your outstanding balance.

Escrow (T&I)

Taxes and insurance collected monthly and held in escrow by your lender.

PMI

Private Mortgage Insurance — typically required when down payment is below 20%.

Limitations

This calculator uses a fixed-rate model. It does not account for adjustable-rate mortgages, points, closing costs, or varying tax/insurance amounts over time. Consult a mortgage professional for precise quotes.