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Mortgage Calculator

Estimate a monthly housing payment (PITI), total lifetime interest, and full amortization schedule for Conventional, FHA, and VA loans. Includes PMI, MIP, VA Funding Fee, extra principal payments, and estimated payoff date. Results are educational estimates only and are not a loan offer or approval.

Home price ($)

Enter between $50,000 and $2,000,000.

Down payment (%)

Enter 0% to 90%.

Interest rate / APR (%)

Enter between 0% and 20%.

Loan term

Loan start date

Used to calculate estimated payoff date.

Property tax (% of price per year)

Enter 0% to 5%.

U.S. average ~1.1%. Leave blank to exclude.

Homeowners insurance ($ per year)

Enter $0 to $20,000.

Leave blank to exclude.

HOA dues ($ per month)

Enter $0 to $2,000.

Extra principal per month ($, optional)

Enter $0 to $10,000.

Calculation method

Monthly P&I

Monthly PITI (est.)

Total interest paid

Estimated payoff date

Loan amount

PMI / MIP monthly

PMI/MIP removal

Total cost (P+I+fees)

Estimated amortization schedule

Month	Payment	Principal	Interest	Tax	Ins	HOA	PMI/MIP	Balance

Schedule assumes on-time payments, constant rate, and standard assumptions for each loan type. ARM payments shown after month 60 use the estimated post-adjustment rate. Actual results vary by lender.

*PITI = Principal, Interest, Taxes, Insurance (+ HOA + PMI/MIP where applicable). FHA loans include an Upfront MIP (1.75%) financed into the loan and an annual MIP that may last the life of the loan. VA loans include a one-time Funding Fee financed into the loan; no PMI applies. PMI removal for conventional loans is modeled at 80% LTV, actual removal requires lender approval and may require an appraisal. ARM rates after the fixed period are estimates only. This calculator is for educational purposes only and is not financial, legal, or tax advice.