US mortgage payment calculator
A monthly figure that includes principal and interest, property tax, mortgage insurance where the down payment is under 20 percent, and HOA dues; one-time closing costs are added to the total cost over the term.
Principal and interest, property tax, mortgage insurance where the down payment is under 20%, HOA dues and one-time closing costs. Homeowners insurance, flood insurance, points and lender fees are not included.
360 payments over 30 years. Loan amount $336,000.00.
| Principal and interest | $2,298.95 |
|---|---|
| Property tax | $315.00 |
| Mortgage insurance (not applied) | $0.00 |
| HOA dues | $0.00 |
| Total monthly | $2,613.95 |
| Loan amount | $336,000.00 |
| Total interest over term | $491,623.18 |
| Closing costs (one-time) | $0.00 |
| Total cost over term | $941,023.18 |
The US-wide effective rate on owner-occupied homes (total property tax paid divided by total home value). The actual bill depends on the county, city, school district and exemptions. Mortgage insurance applies only under 20 percent down. This is general information, not advice, and not an offer or approval.
- Principal and interest use the level-payment amortisation formula with a fixed rate held for the full term.
- Property tax is the entered annual rate applied to the full home price, divided by twelve.
- Mortgage insurance applies only when the down payment is below 20 percent, on the entered annual rate and the full loan amount.
- HOA dues are a level monthly amount; they are not escalated over the term.
- Closing costs are a one-time amount added to the total cost of the term, not financed into the loan.
- Homeowners insurance, flood insurance, points, lender fees and any HOA special assessment are not modelled.
- Payments, interest, balances and totals are estimates rounded separately for display. Calculations use unrounded payments and interest, so displayed payments may not sum to the total. This is not a lender cash-flow schedule