No. 001 — Finance
Mortgage Calculator
Estimate your monthly payment, including principal, interest, property tax, and insurance.
How this calculator works
This tool splits your home price into a loan amount (price minus down payment), then applies a standard amortization formula to spread principal and interest evenly across every monthly payment for the length of your term. Property tax and homeowners insurance are estimated annually and divided by twelve to add to your monthly total — lenders usually collect these the same way, through an escrow account.
Frequently asked
- How is a mortgage payment calculated?
- Your principal and interest payment comes from the loan amount, interest rate, and term, using the standard amortization formula. Tax and insurance are added on top.
- What is included in a monthly mortgage payment?
- Typically principal, interest, property tax, and homeowners insurance — sometimes called PITI. Some loans also add mortgage insurance or HOA dues.