How is principal and interest (P&I) calculated?

The calculator uses standard amortization based on loan amount, interest rate and term. If APR is 0%, principal is split evenly across months.

If enabled, PMI auto-cancels once the loan balance reaches 80% loan-to-value (LTV).

Mortgage Calculator

Estimate your monthly payment (P&I) plus taxes, insurance, HOA and optional PMI. Export the amortization schedule as CSV.

Home Price (USD) Down Payment (USD) Loan Term (years) Start Date (optional, first payment)

Interest Mode Interest Rate

APR is annual percentage rate; Monthly is per-month rate.

Property Tax (USD / year) Home Insurance (USD / year) HOA (USD / month) PMI (% of loan / year, optional)

Auto-cancel PMI at 80% LTV

PMI stops once balance ≤ 80% of home price.

What is included in the monthly payment?

Principal & Interest (P&I), property taxes, homeowners insurance, HOA dues and optional PMI.

What is HOA?

Homeowners Association dues charged monthly for community maintenance (e.g., landscaping, amenities).

What is PMI?

Private Mortgage Insurance charged when down payment is small. It can auto-cancel once LTV ≤ 80% if enabled.

What is Property Tax?

Annual tax from the local authority based on property value. The tool spreads it evenly across months.

How is P&I calculated?

Standard amortization using loan amount, interest rate and term. If APR = 0%, principal is split evenly by months.