Mortgage Payment Calculator
See exactly what a monthly mortgage payment is made of, from principal and interest to the taxes, insurance, HOA dues, and PMI that ride along with it.
Estimated monthly payment
$2,539
On a $320,000 loan over 30 years
What's in the payment
- Principal & interest$2,02379.7%
- Property tax$36714.4%
- Home insurance$1505.9%
- HOA dues$00%
- PMI$00%
Loan amount
$320,000
Total interest
$408,142
Total of P&I payments
$728,142
How it works
The math behind the numbers
- Principal and interest use the standard fixed-rate amortization formula.
- Property tax is the annual rate applied to the purchase price, divided by 12.
- PMI is charged as an annual percentage of the loan when the down payment is under 20%.
These estimates are for educational purposes and aren't financial, lending, or tax advice. Actual rates, costs, and loan terms vary — confirm the numbers with a licensed lender, title company, or tax professional before making decisions.
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