Mortgage payment calculator with taxes and insurance

 

🏡 Mortgage Payment Calculator

Principal + Interest + Property Tax + Homeowners Insurance • Instant monthly total

🏦 Loan amount

$

$265,000

📈 Interest rate (APR)

%

6.25%

⏱️ Loan term (years)

yrs

30 yrs

🏛️ Annual property tax

$

$2,800

🛡️ Annual insurance

$

$1,100

Total Monthly Payment

$0.00

Principal & Interest

$0

Property Tax

$0

Home Insurance

$0

📌 Estimates only — actual payments may vary. Includes principal, interest, taxes & insurance (PITI).

📘 How to use + pro tips

🔹 1. Adjust the sliders or type numbers

Move any slider (loan amount, interest rate, term, tax, insurance) or directly type the values. The monthly payment updates instantly — you’ll see the full breakdown.

🔹 2. Understand your PITI

Your total = Principal & Interest (loan payment) + monthly property tax + monthly insurance. This gives you a realistic picture of your future housing cost.

🔹 3. Compare different scenarios

Try a shorter term (15 years) vs 30 years, or see how a larger down payment (lower loan amount) changes your monthly budget.

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💡 5 Tips to get the BEST mortgage deal

✅ 1. Boost your credit score before applying

Even 20–30 points can lower your interest rate significantly. Pay down credit cards and avoid new credit inquiries 6 months prior.

✅ 2. Shop at least 3–5 lenders

Compare rates from banks, credit unions, and online lenders. Request Loan Estimates on the same day to compare apples-to-apples.

✅ 3. Consider buying discount points

Paying points upfront reduces your interest rate. Use this calculator to see if the monthly savings justifies the cost.

✅ 4. Don’t forget about PMI (if down payment <20%)

Private mortgage insurance adds to monthly cost. Our calculator doesn't include PMI automatically, so add ~0.5%-1% of loan/year if needed.

✅ 5. Lock your rate when rates are favorable

Mortgage rates change daily. Once you find a great deal, ask your lender for a rate lock (30–60 days) to secure it.

🏆 Pro move: Use this calculator BEFORE contacting lenders — walk in knowing your ideal monthly target.

Mortgage payment calculator with taxes & insurance | Informational purposes only — always verify with a licensed professional. This tool is designed to help homebuyers and homeowners. 💰