Toolkit ShelfMoney Calculators
Use this mortgage calculator to estimate a monthly house payment from home price, down payment, interest rate, loan term, property tax, insurance, HOA, total interest, and amortization assumptions.
Live calculator
Principal, interest, estimated property tax, insurance, and HOA.
Loan amount is $320,000 after $80,000 down.
30 year loan term at the entered rate.
$2,075.51 goes to principal and interest before taxes, insurance, and HOA. The all-in estimate is $2,565.51 per month, based on a $320,000 loan over 360 payments.
This separates the loan payment from common ownership costs.
| Part | Amount |
|---|---|
| Principal and interest | $2,075.51 |
| Property tax | $350.00 |
| Insurance | $140.00 |
| HOA | $0.00 |
| Estimated total | $2,565.51 |
Annual principal, interest, and remaining balance. Long loans show the first years and final year.
| Year | Principal | Interest | Ending balance |
|---|---|---|---|
| Year 1 | $3,410.39 | $21,495.77 | $316,589.61 |
| Year 2 | $3,647.85 | $21,258.31 | $312,941.75 |
| Year 3 | $3,901.84 | $21,004.32 | $309,039.91 |
| Year 4 | $4,173.52 | $20,732.64 | $304,866.39 |
| Year 5 | $4,464.12 | $20,442.05 | $300,402.27 |
| Year 30 | $24,018.94 | $887.22 | $0.00 |
Use this as a mortgage payment planning estimate. Rates, loan term, down payment, PMI, property tax, insurance, HOA dues, closing costs, and lender terms can change the real payment.
Quick answer
Mortgage Calculator estimates monthly mortgage payment from home price, down payment, rate, loan term, yearly property tax, monthly insurance, and HOA. It separates principal and interest from ownership costs and shows total interest plus an amortization preview.
Formula
Monthly mortgage payment = amortized principal-and-interest payment + property tax / 12 + monthly insurance + monthly HOAThe calculator also estimates total interest from the principal-and-interest payment over the selected loan term.
How to use
Example
Calculator use
Before relying on it
Details
The calculator separates principal and interest from property tax, insurance, HOA, and other monthly housing assumptions.
A larger down payment reduces the amount financed and can affect PMI, cash reserves, and closing-day cash needs.
Property taxes, homeowners insurance, PMI, and HOA dues can change over time and may be collected outside the loan payment.
After estimating a payment, use the affordability calculator for shopping range, the DTI calculator for debt pressure, the rent-vs-buy calculator for housing choice, and the refinance calculator for existing loans.
Source notes
Benchmarks
Usually costs less total interest but requires a larger monthly payment.
Usually lowers the monthly payment but increases total interest.
Principal, interest, taxes, insurance, HOA, and PMI all matter for affordability.
Calculator accuracy
Monthly mortgage payment = amortized principal-and-interest payment + property tax / 12 + monthly insurance + monthly HOA
Home price, Down payment %, Interest rate, Loan term years, Property tax / year, Insurance / month, HOA / month
Mortgage results use the visible loan, rate, term, tax, insurance, HOA, and PMI inputs. They do not determine approval, credit pricing, escrow rules, closing costs, lender disclosures, or future tax and insurance changes.
Method and sources checked on July 13, 2026. The documented method, source timing, validity conditions, and reliance limits were checked on this date.
Toolkit Shelf. Mortgage Calculator. https://toolkitshelf.com/tools/mortgage-calculator
FAQ
The estimate includes principal and interest plus the property tax, insurance, and HOA amounts you enter.
No. Add any PMI estimate to the insurance or HOA field if you want it reflected in the monthly total.
Escrow can change when property tax, homeowners insurance, assessed value, or lender escrow rules change after the original mortgage payment estimate.
Longer terms spread payments over more months, so interest has more time to accumulate.
Principal and interest is the loan payment. The full monthly estimate also adds property tax, insurance, and HOA amounts you enter.
Property tax, homeowners insurance, HOA dues, PMI, repairs, utilities, and closing costs can all sit outside the base loan payment.
Page feedback
A one-click answer helps prioritize corrections and improvements. No calculator input or result is included.
For a detailed report, do not include passwords, account numbers, or private medical or tax information.