Mortgage Calculator
Estimate your monthly mortgage payment with principal, interest, taxes, insurance, and HOA fees included.
Use optional fields to approximate your full monthly housing cost.
Mortgage Calculator – Estimate Your Home Loan Payments
This mortgage calculator helps you understand the true monthly cost of buying a home. In addition to the base loan EMI, you can include property tax, home insurance, and HOA fees to see a more realistic monthly payment figure.
How to use the mortgage calculator
- Enter the home loan amount, annual interest rate, and term in years.
- Optionally add yearly property tax and insurance, and monthly HOA fees.
- Click "Calculate mortgage" to see the monthly payment and its breakdown.
- Adjust inputs to experiment with different scenarios before talking to your lender.
Why include taxes, insurance, and HOA?
Many buyers only focus on the loan EMI, but your bank or lender often collects taxes and insurance in escrow, and your community may charge HOA fees. Including these costs gives you a more accurate "all-in" monthly payment so you can budget properly.
Mortgage calculator FAQs
Can I model prepayments or extra EMIs?
This simple version does not include prepayments. You can still use it to estimate your base EMI and then discuss prepayment impact with your lender or a financial planner.
What interest rate should I use?
Use the latest rate quoted by your bank or mortgage lender. If the rate is floating, try a slightly higher rate to see how sensitive your EMI is to changes.