Mortgage Calculator
Estimate monthly housing cost, compare monthly and biweekly payoff patterns, include property taxes and ownership costs, and build a detailed amortization schedule with extra payments.
Model a full mortgage payment.
Test home price, down payment, taxes, insurance, HOA fees, other costs, payment frequency, and extra-payment strategies in one place.
Mortgage inputs
Adjust the loan details and ownership costs below.
Include taxes and ownership costs
Total estimated out-of-pocket payment including loan payment and recurring ownership costs.
Monthly total breakdown
| Category | Monthly Total |
|---|---|
| Mortgage Payment | $0 |
| Property Tax | $0 |
| Home Insurance + PMI | $0 |
| HOA + Other Costs | $0 |
| Total Out-of-Pocket | $0 |
Estimate principal, interest, taxes, insurance, HOA fees, and extra-payment savings
A full mortgage payment is often more than principal and interest alone. Many homeowners also budget for property taxes, insurance, association fees, and other recurring housing costs. This calculator combines those pieces so you can estimate both the loan payment and the broader monthly housing cost.
What is included in a mortgage payment?
A typical mortgage payment starts with principal and interest. Depending on the property and loan setup, the total housing cost may also include property taxes, homeowners insurance, private mortgage insurance, HOA fees, and other recurring charges. Looking at all of these together gives a more realistic payment estimate.
Monthly versus biweekly mortgage payoff
Some borrowers compare standard monthly payments with biweekly payment timing. Paying more frequently can reduce the balance sooner and change the payoff path over time. This page lets you compare those scenarios directly.
How extra payments affect a mortgage
Extra payments reduce the principal balance faster. Since future interest is based on the remaining balance, additional payments can lower total interest and shorten the payoff period. This calculator supports recurring extra payments, yearly lump-sum payments, one-time payments, and additional custom one-time entries.
Why annual increases matter
Taxes, insurance, HOA costs, and other ownership expenses do not always stay flat. This calculator allows annual increases for those costs so the long-term estimate can reflect changing ownership expenses more realistically.
What the amortization table shows
The amortization schedule breaks each payment into interest, principal, extra payments, and the remaining balance. The yearly summary makes it easier to understand how much was paid toward the loan versus ownership costs over time.