Estimate the real monthly cost of owning a home — not just the loan, but property tax, insurance, PMI and HOA too. Enter the home price, your down payment, the rate and the term, and see the principal and interest alongside the full monthly housing cost. This is an estimate, not a lender quote.
Estimate only — not a lender quote. Taxes, insurance and PMI rules vary by place and lender.
When people say "my mortgage", they often mean just the loan payment — principal and interest. But owning a home costs more each month. Property tax, home insurance, mortgage insurance and any HOA fee all add up, and lenders usually collect them alongside the loan. This calculator shows both the loan payment and the all-in monthly cost, so there are no surprises.
Example. A 300,000 home with 60,000 down (20%) means a 240,000 loan. At 6% over 30 years the principal and interest come to about 1,438.92 a month. Add your own tax, insurance and any HOA to see the full monthly figure.
A bigger down payment lowers the loan, so the monthly payment and the total interest fall. It can also push you past the point where PMI is required, removing another monthly cost. Below about 20% down, many lenders add PMI until you build enough equity.
Any extra principal each month reduces the balance faster and saves interest, just like an ordinary loan. The extra only affects the loan part — taxes, insurance and HOA are separate ongoing costs. For a plain loan without housing costs, see the Amortization Calculator.
The loan part is principal and interest (P&I). On top of that, owning a home usually costs property tax, home insurance, mortgage insurance (PMI) if your down payment is small, and sometimes an HOA or condo fee. The all-in figure adds them all together.
They stay in sync. Type an amount and the percentage updates; type a percentage and the amount updates. The loan is the home price minus the down payment.
Private mortgage insurance is often required when the down payment is below about 20%. Here it is estimated as a yearly percentage of the loan, divided by 12. Real PMI rules, and when it can be removed, vary by lender and country, so treat it as an estimate.
No. It is an estimate to help you plan. Your lender's figures can differ because of rounding, fees, escrow rules, exact tax and insurance amounts, and local regulations.
The loan maths is the same, but a mortgage has extra monthly costs — tax, insurance, PMI and HOA — which this tool adds in to show the true cost of owning the home.
A calculator gives you one answer. A cashbook shows you the whole picture: write down cash in and cash out, see where the money goes in charts and on a calendar, and share a ledger with your family, team or friends.
This takes a few seconds.
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