PenniesInvesting

Monthly Mortgage Payment Calculator

Type your numbers and watch the monthly payment update the instant you change anything.

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Get your complete monthly mortgage payment, broken down line by line. Adjust the home price, down payment, rate, or term and the total updates immediately so you can feel exactly how each choice moves the number.

How this calculator works

Enter your numbers and the monthly payment recalculates instantly — no submit button, no page reload. The payment breakdown separates principal, interest, taxes, insurance, PMI and HOA. Use the tabs to view a full amortization schedule, compare scenarios side by side, or work backward from a monthly budget. Your inputs are encoded in the page link so you can bookmark or share a scenario without any account.

Frequently asked questions

What's included in the monthly payment?

Principal, interest, property tax, homeowners insurance, PMI (if your down payment is under 20%), and HOA dues.

Why is my payment higher than the loan payment?

Taxes, insurance, PMI and HOA are added on top of principal and interest — together they can add hundreds of dollars per month.

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