Free Mortgage Calculator
Estimate your monthly mortgage payment including taxes, insurance, HOA, and PMI, directly in your browser.
Enter a home price, interest rate, and loan term to calculate your payment.
Your numbers stay in your browser.
How to estimate your mortgage payment
- Enter the home price and your down payment.
- Enter the interest rate and loan term.
- Optionally add property tax, insurance, HOA fees, and PMI rate.
- Your estimated monthly payment updates automatically.
How this is calculated
Principal and interest are calculated using the standard mortgage amortization formula. If your down payment is under 20%, an estimated PMI (private mortgage insurance) cost is added automatically, along with any property tax, home insurance, and HOA fees you enter, to give a full estimated monthly payment.
A note on scope
This gives a standard estimate for a fixed-rate mortgage. Actual lender quotes can vary based on your credit, loan type, local tax rates, and insurance costs, so use this as a planning estimate rather than a binding offer.
Common use cases
- Estimate your monthly payment before house-hunting
- Compare payments across different down payments or loan terms
- See how PMI affects your payment with a smaller down payment
Frequently asked questions
Is this mortgage calculator free?
Yes. It is completely free, with no signup and no limits.
Is my financial information uploaded anywhere?
No. Everything is calculated entirely in your browser and never sent to Inqita or stored.
Why is PMI added to my payment?
PMI (private mortgage insurance) is typically required by lenders when your down payment is less than 20% of the home price. It's removed automatically here once your down payment reaches 20% or more.
Does this include property tax and insurance?
Yes, if you enter monthly estimates for them — both are optional fields added to your total estimated payment.
Is this the exact payment my lender will offer?
No. This is a standard planning estimate. Your actual rate, PMI, and fees depend on your lender, credit, and location.