Mortgage Payment Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, insurance, and PMI. Get a complete picture of your home ownership costs.
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Financial Disclaimer
These calculations are estimates for educational purposes only. Actual mortgage terms, payments, and costs may vary significantly based on credit score, debt-to-income ratio, lender policies, market conditions, and additional fees. Always consult with qualified mortgage professionals and lenders for accurate loan information and pre-approval.
Home Purchase Details
20.0% of home price
Loan Terms
Additional Monthly Costs
Total Monthly Payment
$2825.44
Including taxes, insurance, and PMI
Principal & Interest
$2275.44
Property Tax
$450.00
Home Insurance
$100.00
Loan Summary
Loan Amount:$360,000
Down Payment:$90,000 (20.0%)
Loan-to-Value:80.0%
Total Interest:$459,160.158
Total Paid:$819,160.158
Interest Rate:6.5% APR
Loan Term:30 years
Home Buying Tips
Before You Buy
- • Get pre-approved for a mortgage
- • Save for down payment (aim for 20%)
- • Check your credit score and report
- • Budget for closing costs (2-5% of home price)
- • Research neighborhood and market trends
Monthly Budget Rule
- • Housing costs ≤ 28% of gross income
- • Total debt payments ≤ 36% of gross income
- • Include maintenance (1-2% of home value)
- • Emergency fund for repairs
- • Consider future life changes