Mortgage Payment Calculator

Calculate your monthly mortgage payment with taxes, insurance, and PMI. See full amortization schedule.

CalcLeap Editorial Team

Reviewed by certified professionals · Last updated April 1, 2026

Calculate your monthly mortgage payment with taxes, insurance, and PMI. See full amortization schedule.

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term

Property Tax ($/yr)

Insurance ($/yr)

⚠️ Disclaimer: This calculator provides estimates for educational and informational purposes only. Results are not financial advice and should not be relied upon for making financial decisions. Actual results may vary based on individual circumstances, market conditions, and other factors. Always consult a qualified financial advisor, CPA, or licensed professional before making financial decisions. CalcLeap is not a financial institution and does not provide financial advisory services.

📐 How We Calculate This

We use the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n – 1], where P is the principal, r is the monthly interest rate, and n is the total number of payments. Property taxes and insurance are estimated based on national and state-level averages from the U.S. Census Bureau.

Interest rates shown reflect current market ranges from Freddie Mac's Primary Mortgage Market Survey. Actual rates depend on credit score, down payment, loan type, and lender.

Mortgage Payment Calculator

📐 How We Calculate This

📚 Sources & References