Free · no sign-upMarket rates through October 15, 2026Latest published by sourceLatest published by source

Free home loan tool

U.S. Mortgage Payment Calculator

Enter a home price, down payment, and rate to separate principal and interest from property tax, insurance, mortgage insurance, and HOA dues. The starting rate follows our latest public market data.

30-year market reference

7.294%

15-year market reference

6.617%

Source date

October 15, 2026

Enter your numbers

Nothing is saved or sent anywhere.

Home price$Down payment%

Loan term

Interest rate%Property tax per yearOptional$Home insurance per yearOptional$Mortgage insurance per monthOptional$HOA dues per monthOptional$

The starting rate is the national locked-loan average published through 10/15/2026. It is a market reference, not a personal quote.

Estimated total per month

$2,741

Includes only the optional costs you entered below.

Principal and interest: $2,741
Property tax: $0
Home insurance: $0
Mortgage insurance: $0
HOA dues: $0

Loan amount

$400,000

Down payment

$100,000

Total interest

$586,635

Number of payments

360 months

This estimate excludes closing costs and any expense you leave at $0. Taxes, insurance, and HOA dues can change over time.

How to read the result

Principal and interest is not the total monthly cost

A fixed-rate principal-and-interest payment is calculated from the loan amount, annual rate, and number of monthly payments. The calculator divides annual property tax and insurance by 12, then adds any mortgage insurance and HOA dues you enter.

Taxes, insurance, and HOA dues vary by property and can change over time. Optional fields stay at $0 until you enter an amount.

Why a lender document may show a different number

A formal lender estimate can include escrow adjustments, per-diem interest, quoted insurance, current tax bills, mortgage-insurance rules, and other charges. This page performs a standard fixed-rate amortization estimate.

The public market average is not a personal quote. Credit score, down payment, property type, loan size, points, fees, and lock period can all change lender pricing.

How 30-year and 15-year rates are used

Changing the term replaces the rate field with our 30-year or 15-year locked-loan average for the same source date. A 15-year loan has fewer payments, so its monthly payment is often higher even when its interest rate is lower.

Common questions

Does this calculator save my home price or loan amount?

No. The calculation runs in your current browser, and the numbers you enter are not uploaded or stored by this website.

Is the displayed rate available to me today?

Not necessarily. It is a national average of locked mortgage transactions used as a market reference, not a personal lender quote.

Does the monthly total include every cost of owning a home?

No. It includes only the principal, interest, property tax, insurance, mortgage insurance, and HOA amounts entered. It excludes closing costs, repairs, utilities, and other household expenses.

Why does mortgage insurance not appear automatically below 20% down?

Mortgage-insurance rules and pricing differ by loan type and borrower. The calculator leaves this field open so a written estimate can be entered instead of inventing one universal amount.