Mortgage Calculator

NEW

Estimate your monthly mortgage payment, including property tax and home insurance.

Home Price ($)

Down Payment ($ — 20%)

Interest Rate (% p.a.)

Loan Term (years)

Annual Property Tax ($)

Annual Home Insurance ($)

Estimated Monthly Payment

$2,456

$2,023 principal & interest + $433 taxes & insurance

$320,000

Loan Amount

$728,142

Total of Payments

$408,142

Total Interest

Estimate only — actual rates, PMI, and closing costs vary by lender. Property tax and insurance are entered as annual totals and averaged into the monthly figure.

Frequently asked questions

What's included in the monthly payment figure?

Principal and interest, plus property tax and home insurance averaged from their annual totals into a monthly amount — commonly called PITI. It doesn't include PMI, HOA fees, or other costs a specific lender might add.

Is this the exact rate I'll get from a lender?

No — it's an estimate based on the rate you enter. Actual rates depend on your credit, lender, loan type, and market conditions at the time you apply, so use this for planning, not a binding quote.

Is my information sent anywhere?

No — everything is calculated locally in your browser.

Related tools

NEW

SIP Calculator

Calculate SIP maturity amount and returns for mutual funds.

NEW

FD Calculator

Calculate Fixed Deposit maturity and interest earned.

NEW

PPF Calculator

Calculate PPF maturity after 15 years with compound interest.

NEW

Income Tax Calculator

Calculate income tax under new and old regime for FY 2024-25.