Mortgage Payment and Down Payment Calculator
Before buying a home or investment property, understand both the monthly payment and the cash you may need upfront. Your mortgage payment is only one part of the picture. Property taxes, homeowners insurance, mortgage insurance, HOA fees, and other housing expenses can add substantially to your monthly budget.
Use this calculator to estimate principal and interest, compare down payment scenarios, and calculate estimated cash needed at closing. Adjust the figures to explore different purchase prices and loan terms, then verify your assumptions with a qualified lender.
Mortgage Payment and Down Payment Calculator
Estimate your monthly mortgage principal and interest, upfront down payment, and total monthly housing cost.
1. Purchase & Down Payment
Home purchase price ($)Down payment (%)OR enter a fixed down payment ($)
Choose whether to calculate from a percentage or a fixed dollar amount below.Down payment method (%)
Use 0 to use the fixed dollar amount above; use a percentage to calculate from the purchase price.
2. Mortgage Terms
Annual interest rate (%)Loan term (years)Upfront lender fees / points ($)Other estimated closing costs ($)
3. Estimated Monthly Housing Expenses
Annual property taxes ($)Annual homeowners insurance ($)Monthly PMI / mortgage insurance ($)
Enter an estimate if applicable. Actual requirements depend on the loan.Monthly HOA fees ($)Other monthly housing costs ($)
Optional: utilities, maintenance allowance, or other recurring costs.Calculate MortgageReset ExamplePrint Results
Adjust the example figures to estimate your housing costs.
Monthly principal & interest$0
Estimated total monthly housing cost$0
Down payment amount$0
Estimated loan amount$0
Cash needed at closing (estimate)$0
Down payment percentage0%
Payment & Cash Breakdown
| Purchase price | $0 |
| Down payment | $0 |
| Mortgage principal | $0 |
| Monthly principal & interest | $0 |
| Monthly property tax allowance | $0 |
| Monthly insurance allowance | $0 |
| Monthly PMI / mortgage insurance | $0 |
| Monthly HOA fees | $0 |
| Other monthly housing costs | $0 |
| Total estimated monthly housing cost | $0 |
| Lender fees / points | $0 |
| Other closing costs | $0 |
| Estimated cash needed at closing | $0 |
This calculator estimates principal and interest using a standard fixed-rate, fully amortizing loan. Taxes, insurance, PMI, HOA, and other costs are estimates supplied by the user and may change. Cash needed at closing includes the down payment, entered lender fees, and other closing costs; it excludes prepaid escrow items, earnest money adjustments, assistance programs, and other transaction-specific credits or charges. Loan eligibility, mortgage insurance requirements, interest rates, and actual closing costs depend on lender guidelines and the transaction. This is an educational estimate, not a loan offer or financial advice.
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