Mortgage Payment Calculator
See the whole monthly payment, not just principal and interest. Property tax, homeowners insurance, mortgage insurance and HOA dues are included, with an amortization schedule below.
Estimated monthly payment
$5,340
On a $680,000 loan at 6.75% for 30 years.
- Principal and interest83%
- Property tax15%
- Insurance3%
- Loan amount
- $680,000
- Down payment
- $170,000 (20%)
- Principal and interest
- $4,410
- Property tax
- $779
- Homeowners insurance
- $150
- Total interest over the loan
- $907,768
With 20% or more down, no private mortgage insurance applies on a conventional loan.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $7,247 | $45,679 | $672,753 |
| 2 | $7,752 | $45,174 | $665,001 |
| 3 | $8,291 | $44,634 | $656,710 |
| 4 | $8,869 | $44,057 | $647,841 |
| 5 | $9,486 | $43,439 | $638,355 |
| 6 | $10,147 | $42,779 | $628,208 |
| 7 | $10,853 | $42,072 | $617,355 |
| 8 | $11,609 | $41,317 | $605,746 |
| 9 | $12,417 | $40,508 | $593,329 |
| 10 | $13,282 | $39,644 | $580,047 |
Estimates for illustration only, not a loan offer or a commitment to lend. Rates, taxes, insurance and program rules vary; our team will confirm exact figures for your situation.
How this calculator works.
Principal and interest come from the standard amortization formula for a fixed-rate loan, using a monthly rate (your annual rate divided by 12) over the full term.
Property tax defaults to 1.1% of the price a year, a common starting point in California where the base Proposition 13 rate is 1% plus local assessments. Your county and city can make it higher.
Private mortgage insurance applies to conventional loans with less than 20% down. The estimate uses an annual rate on the loan amount; your actual PMI depends on credit score and down payment, and can be removed once you reach 20% equity.
Monthly payment = P × r ÷ (1 − (1 + r)^−n), where P is the loan, r the monthly rate and n the number of payments.
Common questions.
Turn the estimateinto real numbers.
Answer a few questions and our team will price your scenario with current rates and the right program.
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