Free Tool · No Credit Check
Mortgage Payment Calculator
Also called: Home Loan Calculator · House Payment Calculator · Loan Calculator · Payment Calculator
Free mortgage calculator and payment estimator — instantly estimate your monthly mortgage payment including principal, interest, property taxes, insurance (PITI), FHA MIP, and PMI. No credit check. No sign-up.
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Adjust the sliders — your estimate updates instantly. Unlock your full breakdown free.
- ✓Full PITI breakdown — Principal, Interest, Taxes & Insurance
- ✓FHA, VA, USDA & Conventional loan types
- ✓Complete amortization schedule included
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Home Loan Calculator
Use this free home loan calculator to estimate your monthly mortgage payment. Supports FHA, VA, USDA, and conventional loans with full PITI breakdown.
House Payment Calculator
Figuring out house payments is easy — enter your home price, down payment, and rate. Your estimated house payment updates instantly including taxes and insurance.
Loan Payment Estimator
Not sure what your loan payment will be? This free mortgage loan calculator and payment estimator gives you an instant breakdown — no personal info required.
Loan-specific calculators
Calculate by loan type
Mortgage calculator by state
Calculate with your state's tax rate
Mortgage calculator — common questions
How does a mortgage calculator work?
A mortgage calculator uses your home price, down payment, interest rate, and loan term to compute your principal and interest payment using the standard amortization formula. Our calculator also adds estimated property taxes, homeowner's insurance, and HOA fees to give you a complete monthly payment picture.
What is included in a monthly mortgage payment?
A full mortgage payment (PITI) includes: Principal (the portion that reduces your loan balance), Interest (the cost of borrowing), Taxes (property taxes, usually escrowed monthly), and Insurance (homeowner's insurance, plus mortgage insurance if your down payment is under 20%). HOA fees are additional if applicable.
How do I figure out my mortgage payment?
Figuring out mortgage payments is straightforward with our free calculator above. Enter your home price, down payment, interest rate, and loan term. The calculator instantly shows your estimated monthly payment including principal, interest, property taxes, and insurance (PITI). For an FHA loan, it also adds the monthly MIP. For conventional loans with under 20% down, it adds PMI. You can also expand the amortization schedule to see your exact principal and interest split every month over the life of the loan.
What will my estimated mortgage payment be?
Your estimated mortgage payment depends on four main factors: home price, down payment, interest rate, and loan term. As a rough estimate: on a $400,000 home with 20% down, a 30-year loan at 7% results in a principal and interest payment of about $2,129/month. Add property taxes (~$400/mo), insurance (~$150/mo), and your total estimated mortgage payment (PITI) is around $2,679/month. Use the calculator above to get an estimate based on your exact numbers — it updates instantly as you adjust the sliders.
How do I estimate a mortgage payment on a house?
To estimate a mortgage payment on a house: (1) Enter the home price in the calculator above. (2) Set your down payment percentage — 3.5% for FHA, 0% for VA/USDA, or 3–20% for conventional. (3) Enter the current interest rate — use the rate your lender quoted, or a market estimate. (4) Choose your loan term (usually 30 years). The calculator will show your full monthly payment estimate including taxes and insurance. For the most accurate estimate, speak with an HCMG loan officer — they can pull live rates based on your credit profile.
How much down payment do I need?
Down payment requirements vary by loan type: FHA loans allow as little as 3.5% down, conventional loans can start at 3% for first-time buyers, VA and USDA loans offer 0% down for eligible borrowers, and jumbo loans typically require 10–20% down.
Does using this calculator affect my credit score?
No. This calculator requires no personal information and makes no credit inquiries. It is a free estimation tool only. A hard credit pull only happens when you formally apply for a mortgage.
How accurate is this mortgage calculator?
The calculator gives a reliable estimate based on the numbers you enter. Actual payments will vary based on your exact rate (which depends on your credit score, loan type, and lender), local property tax rates, and insurance premiums. Use it as a planning tool and get a personalized quote from a licensed loan officer for precise numbers.
Estimates are for informational purposes only and are not a loan approval or commitment to lend. Rates and terms subject to credit approval and change without notice.
Ready for a real number?
Your calculator estimate is a starting point. A licensed HCMG loan officer will give you an exact rate and payment based on your actual profile — still no hard credit check.