Estimate your monthly mortgage payment
A clean calculator that includes principal, interest, taxes, insurance, and HOA. Results update as you type. Nothing is sent to a server.
Shared as-of: national 30-year fixed averaged 6.95% on Sep. 17, 2026 (Freddie Mac PMMS). Illustrative average, not a quote. See this week's rates.
How to use this calculator
Start with the home price you are considering. Enter the down payment in dollars (we calculate the loan amount automatically). The rate field defaults to this week's 6.95% 30-year Freddie Mac PMMS average (as of Sep. 17, 2026). That is an illustrative national average, not a quote. You can also paste a rate from our current rates page or from a written lender offer. Choose your loan term - usually 30 or 15 years for a fixed conventional mortgage.
Add your estimated property tax and homeowners insurance for the year. If you have not gotten quotes yet, a reasonable starting point is 1.0% to 1.5% of the home price for annual property tax and $1,200 to $2,000 for annual insurance, depending on the state. Include HOA dues only if the property has them.
The result shows your full monthly housing cost - principal, interest, taxes, insurance, and HOA together. Lenders call this PITIA. They use it (plus your other debts) to calculate debt-to-income, which is one of the strongest drivers of mortgage approval. A common guideline is to keep total housing under 28% of gross monthly income and total debt under 36%.
This calculator does not include private mortgage insurance (PMI), which usually applies when your down payment is under 20% on a conventional loan, and does not estimate closing costs (typically 2% to 5% of the loan amount). When you are ready to compare actual offers, gather two or three Loan Estimates within about a 14-day window so the credit pulls bundle as one inquiry, then compare them line by line.