SimpleCalc

Calculators/Financial/Mortgage

Mortgage Calculator

Estimate your monthly payment and see where every dollar goes.

Your inputs

Loan details

Taxes, insurance, PMI, HOA, and extra payments.

⌁ All calculations run locally in your browser. No data is stored.

Estimated monthly payment

$2,601

Principal & interest$2,075.51
Property tax$400.00
Home insurance$125.00
PMI$0.00
HOA$0.00
$2,601per month
Loan amount$320,000
Total interest$427,185
Payoff dateJul 2056

Balance over time

360 monthly payments

How your mortgage payment is calculated

Your monthly payment combines principal and interest with estimated property costs. For a fixed-rate loan, principal and interest use the standard amortization formula:

M = P × r(1 + r)n(1 + r)n − 1
P
loan principal
r
monthly interest rate
n
number of payments

Frequently asked questions

What is included in the monthly payment?

Principal, interest, property taxes, home insurance, estimated PMI, HOA fees, and any extra monthly payment you enter.

When is PMI included?

SimpleCalc estimates PMI when the down payment is below 20% of the home price. Your lender’s actual rate may differ.

How can I pay off my mortgage sooner?

Add an extra monthly payment in Advanced options to compare payoff time and total interest.

Is this calculator financial advice?

No. It is an educational estimate. Confirm rates, taxes, fees, and eligibility with a qualified lender.