Mortgage Payment Calculator
Affordability Calculator
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly FHA Payment:
- Down Payment:
- FHA Loan Amount:
- Upfront MIP:
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly VA Payment:
- Down Payment:
- VA Loan Amount:
- VA Funding Fee:
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- USDA MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly USDA Payment:
- Down Payment:
- USDA Loan Amount:
- USDA Guarantee Fee:
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Payment Breakdown
A breakdown of your total payment so you can see where money is allocated.
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
- Extra Payment
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly PMI:
- Monthly HOA Fees:
- Total # Of Payments:
- Down Payment:
- Principal:
- Total Extra Payment:
- Total Interest Paid:
- Total Tax, Insurance, PMI and Fees:
- Total of all Payments:
Early Payoff Strategy
Add an extra payment and see how many months you can eliminate on the back end of the loan.
Lump Sum Payment
Shorten your loan term by paying a lump sum all to principal.
$
Total Interest Difference$
Monthly Payment Comparison
A breakdown of your total payment so you can see where money is allocated.
$
Time to Recoup FeesTotal Interest Comparison
A breakdown of your total payment so you can see where money is allocated.
Payment Breakdown
A breakdown of your total payment so you can see where money is allocated.
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- Extra Payment
- Monthly Payment
- Total Payment
- Home Value:
- Mortgage Amount:
- Monthly Principal & Interest:
- Monthly Extra Payment:
- Monthly Property Tax:
- Monthly Home Insurance:
- Monthly HOA Fees:
- Total # Of Payments:
- Down Payment:
- Principal:
- Total Extra Payment:
- Total Interest Paid:
- Total Tax, Insurance and Fees:
- Total of all Payments:
Early Payoff Strategy
Add an extra payment and see how many months you can eliminate on the back end of the loan.
Lump Sum Payment
Shorten your loan term by paying a lump sum all to principal.
Use the Mortgage Calculator to Estimate Your Monthly Payment
Use our mortgage calculator to estimate a monthly home payment and see how the home price, down payment, loan term, interest rate, property taxes, homeowners insurance, mortgage insurance and HOA dues may affect the total.
Adjust the calculator inputs to compare possible scenarios. When you are ready to take the next step, you can review today's mortgage rates , explore available loan options or begin the home-purchase process .
How to Use the Mortgage Calculator
Begin with the information you know, add estimated housing expenses and then compare the resulting monthly payment and loan details.
Enter the Home and Loan Details
Add the estimated home value or purchase price, down payment, mortgage amount, loan term and interest rate. These values create the foundation of the payment estimate.
Include Other Housing Costs
Add estimated property taxes, homeowners insurance, mortgage insurance and HOA dues when applicable. Including these costs can provide a more complete monthly estimate.
Compare the Results
Review the payment breakdown, estimated loan totals and possible payoff strategies. Change one input at a time to understand how different choices may affect the result.
What May Be Included in a Monthly Mortgage Payment?
A monthly mortgage payment can include several housing expenses. Which expenses apply will depend on the property, loan program, down payment and other details.
Principal and Interest
Principal is the portion applied to the amount borrowed. Interest is the cost charged for borrowing the money.
Property Taxes
Property taxes are generally based on the property's assessed value and local tax requirements. They may be collected as part of an escrowed mortgage payment.
Homeowners Insurance
Homeowners insurance helps cover certain losses involving the property. A lender may require coverage as a condition of the mortgage.
Mortgage Insurance
Mortgage insurance may apply depending on the selected loan program, down payment amount and other qualification factors.
HOA Dues
Homeowners association dues may apply to properties in certain communities. These dues are often paid separately from the mortgage servicer.
Additional Principal Payments
The extra-payment tools can help illustrate how additional principal payments might affect total interest and the estimated payoff timeline.
Compare Payment and Payoff Scenarios
A mortgage calculator is most useful when you compare several possible combinations rather than relying on a single result. Try changing the down payment, interest rate or loan term while keeping the other inputs consistent.
You can also use the additional-payment and lump-sum fields to explore how extra principal payments may change the estimated payoff timeline. Calculator results are estimates, so confirm specific loan terms, fees and payment requirements with a qualified mortgage professional.
To compare currently available programs, visit the Guarantee Mortgage loan options page.
Looking for additional education about budgeting, mortgages and the homebuying process? Visit Fannie Mae HomeView homebuyer education .
Ready to Explore Your Home-Purchase Options?
Use your mortgage calculator results as a starting point, then compare rates and loan programs or begin a personalized purchase request.
