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.

How to Use the Mortgage Calculator with PMI

This mortgage calculator allows you to estimate monthly mortgage payment with the principal and interest components, property taxes, PMI, homeowner’s insurance and HOA fee. It also calculates the sum total of all payments down payment, total PITI amount (PITI stands for to Principal, Interest, Taxes and Insurance.) and total HOA fees during the whole amortization period.

PMI stands for Private Mortgage Insurance. This is a special type of insurance policy to protect a lender against loss if a borrower defaults. Most PMI policies require the borrower to pay monthly. Your lender should automatically cancel PMI when your outstanding loan balance drops to 78 percent of the original value of the home. It may takes several years.

This mortgage calculator is a great first step to estimate how much home you can afford. By entering different values in down payment or home price you can see you monthly mortgage payment and figure our how much you can afford.

Click on the "Show payment schedule" to see an interactive downloadable table showing the principal and interest paid (as well as the remaining balance) for each month.

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.