Mortgage Payment Calculator

This simple calculator calculates your monthly payment based on your input. Select the Taxes and Insurance box to estimate your impounds (taxes, insurance, mortgage insurance). This calculator assumes conventional mortgage financing for calculating mortgage insurance.

Fill in the form below and press Calculate

Loan Information
[200,000] Loan Amount
[6.000] Interest Rate
[30] Years

Property Information
[250,000] Home Value
[2,750] Annual Taxes
[875] Annual Hazard Ins

[] Estimate Taxes and Insurance [Calculate]


Monthly Principal & Interest: $1,199.10
Monthly Real Estate Taxes: $229.17
Monthly Hazard Insurance: $72.92
Monthly Mortgage Insurance: $0.00
Total Mortgage Payment: $1,501.18
Down Payment Amount: $50,000.00
Loan To Value Ratio: 80.00%

You may enter specific information about your annual taxes and hazard insurance, or may select the box the have this calculator estimate your annual taxes and insurance. In either case, the results displayed above are only estimates and cannot be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.