Mortgage Calculator

Calculate your mortgage payments, including property tax, insurance, and PMI

Mortgage Calculator Loan Calculator Compound Interest Percentage Calculator

Calculate Mortgage Payments

Calculate your monthly mortgage payments including principal, interest, taxes, insurance, and more

Home Price ($)

Down Payment ($)

Down Payment (%)

Loan Term (Years)

Interest Rate (%)

Additional Costs

Annual Property Tax ($) Typically 0.5% to 2.5% of home price

Annual Home Insurance ($) Typically $800 to $1,500 per year

PMI Rate (%) Typically 0.5% to 1% for down payments under 20%

Monthly HOA Fee ($) If applicable

Mortgage Summary

Monthly Payment Breakdown

                Total Monthly Payment:
                $0.00
              

Principal & Interest: $0.00

Property Tax: $0.00

Home Insurance: $0.00

PMI: $0.00

HOA Fee: $0.00

Loan Details

Loan Amount: $0.00

Total Interest: $0.00

Total Cost: $0.00 Includes down payment, all monthly payments, and fees

Amortization Summary

Show first

Amortization Schedule

Payment #	Date	Payment	Principal	Interest	Balance

Enter home details and click Calculate to see your payment schedule

About Mortgage Calculator

Zeta Calculator's Mortgage Calculator is a comprehensive tool that helps you understand the total cost of your mortgage and plan your home purchase effectively. Our calculator includes all the essential components of a mortgage payment, giving you a complete picture of your potential housing costs.

Calculator Features

Complete Payment Breakdown: Calculate principal, interest, taxes, insurance, PMI, and HOA fees
Down Payment Options: Input down payment as dollar amount or percentage of home price
PMI Estimation: Automatically calculates PMI for down payments less than 20%
Visual Payment Analysis: See a chart showing the breakdown of your monthly payment components
Amortization Schedule: View a detailed payment schedule showing how each payment is applied to principal and interest
Flexible Terms: Calculate mortgage payments for standard 15/20/30 year terms or custom durations

How to Use

Enter the home price you're considering
Input your down payment amount or percentage (they'll sync automatically)
Select your loan term or choose "Custom" for a specific duration
Enter the annual interest rate offered by your lender
Add any applicable additional costs such as property tax, home insurance, PMI rate, and HOA fees
Click "Calculate" to see your complete mortgage breakdown
View monthly payment details, total loan cost, and payment chart
Click "Show Amortization Schedule" to see a detailed payment-by-payment breakdown

Understanding Mortgage Components

Principal and Interest: The base monthly payment toward your loan balance and interest
Property Tax: Annual property taxes divided into monthly payments, typically collected by your lender
Home Insurance: Annual homeowner's insurance premium divided into monthly payments
PMI (Private Mortgage Insurance): Required for down payments less than 20%, protects the lender in case of default
HOA (Homeowners Association) Fees: Monthly fees paid to maintain common areas and amenities in certain communities
Total Monthly Payment: The sum of all these components, representing your complete housing payment

Tips for Home Buyers

20% Down Payment: Aim for a 20% down payment to avoid PMI costs
Compare Loan Terms: A 15-year mortgage typically has lower interest rates but higher monthly payments than a 30-year mortgage
Consider Total Costs: Look beyond the mortgage payment to include maintenance, utilities, and potential home repairs
Shop Around: Even small differences in interest rates can save thousands over the life of a mortgage
Pre-Approval: Get pre-approved for a mortgage to understand your budget before house hunting

Buying a home is one of the biggest financial decisions most people make. Use our mortgage calculator to understand the true cost of homeownership and determine a comfortable budget for your new home purchase.