Mortgage Calculator

Free Mortgage Calculator: Estimate Your Monthly Payment with PMI

See your exact monthly payment, PMI, and amortization schedule before you make an offer.

Important Disclaimer: SmartMortgageCalc is not a lender, mortgage broker, or financial advisor. These calculations are for educational purposes only and should not be considered an offer to lend or financial advice. Consult your lender and a financial advisor before making any borrowing decisions.

Looking to calculate a personal loan? Try our Personal Loan Calculator.

Home price The total purchase price of your home or property.

Down payment

How much you pay upfront. Lower down payments result in higher monthly payments and PMI.

Loan amount (home loan) The total amount you're borrowing. This affects your monthly payment and amortization schedule.

Interest rate (%) Your annual interest rate. Even 0.5% changes your monthly payment significantly.

Loan term

Loan type

Property tax

Home insurance ($/yr)

HOA dues ($/mo)

First payment date

Add an extra monthly payment

Results

Monthly payment (principal + interest): —
Home loan amount: —
Total interest paid: —
Total cost of home loan: —
Loan payoff date: —
PMI (Mortgage Insurance): —

Monthly payment breakdown

Payment item	Monthly amount

Full amortization schedule