Mortgage calculator
See what a home really costs each month: the loan payment plus property tax, insurance, HOA fees and mortgage insurance. Pick a town to start from its typical home price and tax rate.
Start from a town (optional)
Results are estimates for planning, not financial advice or a loan offer. Starting figures marked as examples are placeholders: replace them with your own quotes. See the disclaimer and terms.
How the monthly cost is worked out
The loan payment uses the standard fixed-rate formula: the loan amount, the interest rate and the number of monthly payments. Property tax is the price times the yearly rate, divided by 12. Insurance and HOA fees are added as you enter them.
If you put down less than 20%, mortgage insurance (PMI) is added until the loan balance falls to 80% of the price. The year-by-year table shows how much of each year's payments go to the loan and how much to interest.
Where the town figures come from
The typical home price and the property tax rate come from the US Census Bureau's American Community Survey: the median value of owner-occupied homes, and the median real estate tax paid as a share of that value. They describe homes people already own, so they can be below today's asking prices. Rates, insurance and PMI vary by lender, home and buyer, so the starting figures are examples only.