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US Mortgage Calculator

3 min

Estimate principal, interest, taxes, insurance and PMI for a US home loan.

USNo account required

Your inputs

USD
$
20%
$
3%50%
USD
$360,000
%
years
Advanced costs (optional)Property tax, home insurance and PMI
/ year
$
/ year
$
% / year

Results update as you type

Estimated monthly payment

$2,825/ month

Principal and interest are $2,275. The rest covers taxes, insurance.

No PMI required

Your loan-to-value ratio is 80%.

At 80% or below, lenders typically waive private mortgage insurance.

Monthly cost (all-in)

$2,825/ month

  • Principal & interest$2,27581%
  • Property tax$40014%
  • Home insurance$1505%

Interest vs. principal

  • Total interest$459,16056%
  • Total principal$360,00044%

Total cost over 30 years

$1,017,160

  • Principal$360,00035%
  • Interest$459,16045%
  • Taxes, insurance and PMI$198,00019%

Loan balance over time

Balance remainingPrincipal paid
$360K$180K$0K
NowYear 8Year 15Year 23Year 30

Estimates are based on the information and assumptions you provide and are for educational purposes only. This is not financial, tax, legal or lending advice.

What this means

  • A larger down payment reduces your monthly payment and may eliminate PMI.
Compare with a Canadian mortgage

Assumptions & methodology

  • Interest is fixed for the chosen term.
  • Taxes, insurance and PMI are estimates and may change.
  • Payments are made monthly and on schedule.

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