Mortgage Calculator
Estimate your monthly payment with principal & interest, taxes, insurance, HOA, and PMI. Includes a full amortization schedule and early payoff with extra principal.
Amortization Schedule
| # | Date | Total | P&I | Principal | Interest | PMI | Taxes | Ins. | HOA | Extra | Balance | LTV |
|---|
Mortgage Calculator FAQ
How is PMI handled?
PMI is computed as an annual percentage of the outstanding loan (rate/12 monthly) and is charged only while loan-to-value (balance ÷ price) > 80%.
What’s included in “Total Monthly”?
P&I + property tax + homeowners insurance + HOA + PMI (if applicable).
Mortgage Calculator – Estimate Home Loan Payments with Taxes & Insurance
This free mortgage calculator helps you estimate your full monthly house payment, including principal, interest, property tax, homeowners insurance, HOA dues, and PMI. It works as a complete mortgage payment calculator and home loan calculator, showing you how each cost affects your budget so you can compare different home prices, down payments and interest rates.
Use it to explore multiple scenarios and instantly generate a mortgage amortization schedule with extra principal payments, so you can see how quickly you can pay off your loan and how much interest you can save.
What this mortgage payment calculator includes
1. Principal & interest (P&I)
Enter the loan amount, term and APR to calculate the base monthly payment. This is the core mortgage interest calculator part that many simple house payment calculators provide.
2. Taxes, insurance & HOA dues
Add annual property tax, homeowners insurance and monthly HOA dues to see your complete housing cost. The calculator automatically converts yearly amounts into a monthly figure.
3. PMI (Private Mortgage Insurance)
If your down payment is under 20%, PMI may be required. Our built-in PMI calculator estimates this extra cost and stops it automatically when your loan-to-value (LTV) drops below 80%.
4. Amortization schedule & extra principal
Generate a detailed mortgage amortization schedule showing each payment, plus the impact of extra principal payments on interest savings and payoff date.
Why use a detailed home loan calculator?
Many basic tools only show principal and interest. Our advanced mortgage calculator with taxes and insurance gives a far more realistic view of your monthly budget. It can act as:
- a house payment calculator for new buyers,
- a refinance calculator to test new rates and terms, and
- a planning tool for early payoff using extra principal payments.
Related tools on Mr Jungle Book
After testing your mortgage scenarios, try these other helpful calculators:
Mortgage Calculator FAQ
How does this mortgage calculator work?
The calculator first computes principal and interest using the standard amortization formula based on loan amount, interest rate and term. Then it adds estimated property tax, homeowners insurance, HOA dues and PMI (if needed) to show your total monthly mortgage payment.
What is included in my “Total Monthly” mortgage payment?
The “Total Monthly” figure can include all of the following: principal, interest, property tax, homeowners insurance, HOA dues and PMI. You can adjust each field to match the details of your home loan offer and see how your full housing cost changes.
When do I have to pay PMI, and when does it stop?
PMI (Private Mortgage Insurance) is usually required when your down payment is less than 20% of the home price. The cost is added on top of your regular payment. Once your loan balance falls below 80% of the property value, PMI can typically be removed. The calculator models this automatically in the amortization schedule.
Can I see how extra principal payments affect my mortgage?
Yes. Enter an amount in the “Extra Monthly Principal” field to simulate accelerated payments. The calculator will show a new payoff date and lower total interest, so you can see how even small extra payments can significantly shorten your mortgage term.