Calculate your monthly mortgage payment including principal, interest, taxes, insurance, and PMI. See your full amortization schedule.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
30-year fixed-rate mortgages — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Community Credit UnionBest Rate | 6.125% | 6.280% | $1,217/mo | |
National Lending Co | 6.250% | 6.410% | $1,231/mo | |
Big Bank Mortgage | 6.375% | 6.520% | $1,247/mo | |
Premier Mortgage | 6.450% | 6.580% | $1,258/mo | |
Digital Home Loans | 6.500% | 6.630% | $1,264/mo |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
The Mortgage Payment Calculator estimates your monthly PITI payment — Principal, Interest, Taxes, and Insurance — the four components that make up most mortgage payments. The calculation uses the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1], where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of payments. For loans with less than 20% down, it also adds Private Mortgage Insurance (PMI), which typically costs 0.5%–1.5% of the loan amount annually. Property tax and home insurance are divided by 12 and added to the base principal and interest payment to give you the full monthly housing cost. This calculator is most useful for first-time homebuyers trying to understand the true cost of homeownership, refinancers comparing their current payment to a new loan offer, and pre-approval applicants who want to budget before talking to a lender. It helps answer questions like how much house you can afford, whether to choose a 15-year or 30-year term, and how much extra principal is needed to pay off the loan early. Real-world users include homebuyers estimating their monthly obligation before making an offer, real estate agents helping clients set budgets, financial advisors reviewing client housing ratios, and homeowners considering whether to recast or prepay their mortgage. The 28/36 rule used by most lenders — housing costs at or below 28% of gross monthly income — is directly visible when you enter your expected loan terms alongside your income. This calculator does NOT account for HOA fees, which can range from $100 to $1,000+ per month in planned communities. It does not model adjustable-rate mortgages (ARMs) with changing rates over time. It assumes a fixed interest rate for the entire loan term. It also does not include flood insurance (required in high-risk zones), special assessments, or utilities — all of which add to true homeownership cost. For a complete picture, add expected closing costs (2%–5% of loan) to your upfront budget as well.
Resultado: A $300,000 home with a $60,000 down payment (20%) at 6.5% interest on a 30-year fixed mortgage yields a monthly payment of approximately $1,673 — comprising $1,300 in principal & interest, $300 in property tax escrow, and $100 in homeowners insurance. No PMI is required with a 20% down payment.
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Find out how much house you can afford based on your income, debts, down payment, and current interest rates using the 28/36 rule.
Generate a detailed amortization schedule showing how each mortgage payment splits between principal and interest over the life of your loan.
Calculate how much you need for a down payment on a house. See your loan amount and whether PMI will be required based on your percentage.
See how much you could save by refinancing your mortgage. Compare monthly payments, total interest, and calculate your break-even point.
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