Calculate monthly payment with taxes, insurance, HOA — plus full amortization schedule
$0/mo
Total Monthly Payment
Principal & Interest
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Property Tax
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Insurance
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HOA
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Total Interest Paid
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Total Cost
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Amortization Schedule (First 24 Months)
Month
Payment
Principal
Interest
Balance
FREQUENTLY ASKED QUESTIONS
What is included in a mortgage payment?
A full mortgage payment includes Principal (loan repayment), Interest, Property Tax, and Insurance — often abbreviated PITI. HOA fees are additional. This calculator includes all four.
What is amortization?
Amortization is the gradual repayment of a loan over time. Early payments go mostly to interest; later payments go mostly to principal. The amortization schedule shows exactly how each payment is split.
Should I choose 15 or 30 years?
A 15-year mortgage has higher monthly payments but saves enormous amounts in interest and builds equity faster. A 30-year mortgage has lower payments and more cash flow flexibility. Run both scenarios above to compare.
What is PMI?
Private Mortgage Insurance is required when your down payment is less than 20%. PMI typically costs 0.5-1.5% of the loan amount annually. This calculator does not include PMI — factor it in if your down payment is under 20%.