Home price and down payment
The purchase price is what the seller receives; the down payment is the part you pay yourself. The remainder is the starting loan.
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance.
This calculator estimates the monthly cost of owning a financed home, not just the money sent toward your loan. PITI means principal, interest, taxes and insurance. Mortgage insurance may be another charge on top.
Enter the loan amount (home price minus your cash down payment), the interest rate and repayment years. If your version asks for price and down payment separately, it calculates that loan amount for you. Adjust taxes and insurance to local quotes when available. Compare the total with your take-home budget, leaving room for repairs, utilities and any homeowners association dues.
The purchase price is what the seller receives; the down payment is the part you pay yourself. The remainder is the starting loan.
The rate is the yearly borrowing charge; the term is how many years you take to repay. Use the note rate, not APR.
Principal pays down what you owe. Interest is the lender’s charge for lending the money.
Local government charges for your property, often collected monthly by the lender for later payment.
Coverage for certain property damage. Divide the annual premium by 12 for a monthly estimate.
Private mortgage insurance protects the lender, not you. Many conventional loans require it below 20% down; other loan programs have different rules.
Monthly Mortgage Payment Calculator — Use the note rate for amortization, then add taxes, insurance and mortgage insurance. Stress-test assumptions and share only numeric scenario inputs, never personal identifiers.
Historical 2025 one-unit comparison: conforming $806,500; FHA floor $524,225. County and unit-count limits can differ.
| Loan program | Down payment / equity | 2026 one-unit baseline | Costs and page-specific comparison |
|---|---|---|---|
| Conventional | 3%–5% subject to eligibility | $832,750 | PMI generally below 20% down |
| FHA | 3.5% at 580+; 10% at 500–579 | $541,287 floor | 1.75% upfront MIP; 0.55% annual for >95% LTV, base loan ≤$726,200, term >15 years |
| VA | 0% for eligible borrowers | No VA limit with full entitlement | No monthly PMI; funding fee unless exempt |
| USDA | 0% for eligible borrowers | Income, address and repayment eligibility | Guarantee and annual fees; confirm current schedule |
| Jumbo | Lender-specific cash and reserves | Above applicable conforming limit | Lender-specific pricing and insurance |
| Home Equity / Refinance | Equity and underwriting dependent | Property and lender dependent | Compare closing costs, term and break-even |
Sources: FHFA limits; HUD FHA limits.
Verification date: Not recorded; check the primary source and lender timestamp before relying on an estimate.
Rate comparisons use participating lender feeds, not a whole-market survey or guaranteed offers. Freddie Mac PMMS is a market benchmark, not a personalized quote. Calculator models rely on published regulatory formulas and disclosed assumptions rather than fabricated first-person loan testing.
Monthly principal and interest use the amortization formula P × r / (1 − (1 + r)−n), where r is the monthly note rate and n is the number of payments; at zero interest use P / n. PITI adds monthly property taxes and homeowners insurance; PMI is separate. APR includes applicable finance charges under Regulation Z and is not the note rate used for payments. Compare lender Loan Estimates for actual APR and fees.
The payment snapshot uses illustrative annual taxes of 1% of home price, $1,200 insurance and 0.5% PMI below 20% down, not verified local quotes. Other calculators disclose their inputs and assumptions. Published guidance and lender feeds may change independently; confirm current program rules, taxes and offers before a decision.