Mortgage Calculator
Estimate your monthly mortgage payment including taxes and insurance.
- Free
- No signup required
- Updated for 2026
Loan details
Rates vary by county. This is an estimated statewide average.
Monthly payment
$2,522.62
- Principal & interest$2,022.62
- Property tax$400.00
- Insurance$100.00
Loan amount: $320,000 · Total interest: $408,142
Monthly breakdown
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,022.62 | $289.28 | $1,733.33 | $319,710.72 |
| 2 | $2,022.62 | $290.85 | $1,731.77 | $319,419.86 |
| 3 | $2,022.62 | $292.43 | $1,730.19 | $319,127.44 |
| 4 | $2,022.62 | $294.01 | $1,728.61 | $318,833.43 |
| 5 | $2,022.62 | $295.60 | $1,727.01 | $318,537.82 |
| 6 | $2,022.62 | $297.20 | $1,725.41 | $318,240.62 |
| 7 | $2,022.62 | $298.81 | $1,723.80 | $317,941.80 |
| 8 | $2,022.62 | $300.43 | $1,722.18 | $317,641.37 |
| 9 | $2,022.62 | $302.06 | $1,720.56 | $317,339.31 |
| 10 | $2,022.62 | $303.70 | $1,718.92 | $317,035.62 |
| 11 | $2,022.62 | $305.34 | $1,717.28 | $316,730.27 |
| 12 | $2,022.62 | $307.00 | $1,715.62 | $316,423.28 |
| 13 | $2,022.62 | $308.66 | $1,713.96 | $316,114.62 |
| 14 | $2,022.62 | $310.33 | $1,712.29 | $315,804.29 |
| 15 | $2,022.62 | $312.01 | $1,710.61 | $315,492.28 |
| 16 | $2,022.62 | $313.70 | $1,708.92 | $315,178.58 |
| 17 | $2,022.62 | $315.40 | $1,707.22 | $314,863.18 |
| 18 | $2,022.62 | $317.11 | $1,705.51 | $314,546.07 |
| 19 | $2,022.62 | $318.83 | $1,703.79 | $314,227.24 |
| 20 | $2,022.62 | $320.55 | $1,702.06 | $313,906.69 |
| 21 | $2,022.62 | $322.29 | $1,700.33 | $313,584.40 |
| 22 | $2,022.62 | $324.04 | $1,698.58 | $313,260.36 |
| 23 | $2,022.62 | $325.79 | $1,696.83 | $312,934.57 |
| 24 | $2,022.62 | $327.56 | $1,695.06 | $312,607.02 |
Showing rows 1–24 of 360
Example calculation
For a $400,000 home with 20% down ($80,000), a 6.5% rate, and a 30-year term, the loan amount is $320,000. Monthly principal and interest would be about $2,022. Adding property tax (e.g. 1.2% = $400/mo) and insurance ($100/mo) gives a total PITI around $2,522.
Frequently asked questions
The calculator uses the standard amortization formula: your monthly principal and interest depend on the loan amount, annual interest rate, and loan term. We add estimated monthly property tax (from the rate you enter), homeowners insurance, and optional HOA fees to get your total monthly payment.
Yes. You can enter your state or county property tax rate (as a percentage of home value per year) and your annual homeowners insurance cost. The tool divides these by 12 to show the monthly amount. Rates vary by county; we use statewide averages when you select a state.
An amortization schedule is a table showing each monthly payment split into principal and interest, and the remaining loan balance after each payment. Early in the loan, most of the payment goes to interest; over time, more goes to principal.
The math for principal and interest is the same everywhere. Property tax rates differ by state and county. We pre-fill a statewide average where available; you can adjust the rate. This tool is for estimates only and does not replace advice from a lender or tax professional.