Home price
Down payment
Mortgage term
Interest rate
PMI / year
Property Taxes / year
Home Insurance / year
HOA Fees / month

Add extra payments:

Find out how making extra payments can help you pay off your house quicker.

To monthly mortgage payment
Extra yearly mortgage payment
Occurring every
One-time mortgage payment
Monthly Principal & Interest $1,461.42
Monthly Extra Payment $0.00
PMI (till Sep 2022) $156.77
Property Taxes $364.58
Home Insurance $102.08
HOA Fees $0.00
Estimated monthly payment $2,084.86
Down payment $49,000.00
Extra payments $0.00
Total principal paid $301,000.00
Total interest paid $225,111.23
PMI, Taxes, Insurance & HOA $175,211.42
Total of all payments $750,322.65
Start Date
Estimated Payoff Date

Amortization Schedule

Payment Date Payment Principal Interest Total Interest Balance

Mortgage calculator with PMI terms

Home Price

The purchase price of the home you would like to buy. You can also enter the dollar amount that you think you will offer.

Interest Rate

This field is filled with the current average mortgage rate. Your real rate will vary based on credit score and down payment.


When a down payment is less than 20 percent home value, the borrower must buy private mortgage insurance (PMI). It protects the lender against some of losses. ( The lender won't lose money if the borrower ends up in foreclosure ) PMI fees vary from around 0.3 percent to about 1.5 percent. This mortgage calculator can help you estimates payments which will go to PMI.

Property Taxes

The annual amount you expect to pay in property taxes. Most policies cover things like personal property within the home, structural damage, loss of use.

Home Insurance

The annual amount you expect to pay in homeowners insurance.

HOA fees

When you purchase a condos or other shared-property communities, you are obligated to join that community's homeowners' association (HOA) and pay monthly or annual HOA fees.

Now, you want to buy the home of your dream. The more reason why it is important to know what your monthly principal and interest payment will be. Our condo mortgage calculator saves you time while helping you to determine the financial implications and monthly repayments. Our condo mortgage calculator takes into account the loan principal, number of payments per year, interest rate and other costs associated with the mortgage. it helps to add up all of your income sources and compare this to all your monthly debt payments. This is the best way to know the type of home you can afford.

How to use condo mortgage calculator?

This free condo mortgage calculator shows the cost per month and the total cost over the life of the mortgage, including pmi, fees & interest.

Enter the cost of the house, the down payment, the interest rate, and the term of the mortgage. Click "Calculate" button to estimate monthly payment and see condo loan amortization graphics. Click “Show amortization schedule” to see page with the condo mortgage payment schedule, broken down by months. You can also download the mortgage payment schedule as a PDF file for printing.

This mortgage calculator has only been designed to give a useful general indication of costs. It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information.