Full housing cost calculator

Mortgage Calculator with Taxes, Insurance and PMI

Estimate the total monthly mortgage cost including principal, interest, property tax, home insurance, PMI and HOA fees.

What the total monthly mortgage cost includes

Many mortgage estimates show principal and interest only. This calculator adds the property tax, home insurance, optional PMI and HOA amounts entered by the user. Local tax assessments, insurance quotes and lender rules can change the real total.

Worked example

For a $350,000 home with $70,000 down, a 6.25% fixed rate and a 30-year term, the financed principal is $280,000. Adding annual tax, insurance and optional PMI gives a more complete monthly planning estimate than principal and interest alone.

Important limitations

The result is not a lender quote and does not include every fee, utility, repair or maintenance cost. Verify property-specific tax and insurance information before making a decision.

Frequently asked questions

Does the payment include property tax and insurance?

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Yes, when annual amounts are entered. The calculator converts them to monthly estimates.

What is PMI?

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Private mortgage insurance may apply to some loans with a smaller down payment. The actual rate and cancellation rules depend on the loan.

Does HOA count as part of the mortgage?

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HOA is not part of the loan payment, but it is included here as a recurring housing cost.

Why can a lender quote differ?

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Lenders can use property-specific taxes, insurance, escrow rules, fees and eligibility terms that a general calculator cannot know.

Related tools and guides

Principal and interest mortgage calculatorExtra mortgage payment calculatorMortgage guides