Mortgage Calculator 2026 | Monthly Payment, Amortization & More
This article contains affiliate links. We may earn a commission at no extra cost to you. Mortgage Calculator 2026 Enter your home price, down payment, and loan details to calculate your full monthly payment — including principal & interest, property taxes, insurance, and PMI. Home Price ($) Down Payment: 20% ($70,000) 0%30% Loan Amount $280,000 Interest Rate: 6.5% 2%10% Loan Term 15 Years 20 Years 30 Years Property Tax Rate: 1.2% ($350/mo) 0%3% Home Insurance ($/year) PMI automatically added — down payment is below 20%. PMI is removed once equity reaches 20%. Total Monthly Payment $2,212 Principal & Interest + Tax + Insurance Principal & Interest $1,770 Property Tax $350 Home Insurance $100 PMI $0 Total Payment Over Loan Life $637,320 Total Interest Paid $357,320 Monthly Payment Breakdown P&I Property Tax Insurance PMI Amortization Schedule Year Payment Principal Interest Balance Show remaining years Year Payment Principal Interest Balance Rate Comparison How to Use This Calculator Enter your home price — the purchase price or estimated value of the home you’re buying Set your down payment — drag the slider to your planned down payment percentage; 20% avoids PMI Choose your interest rate — use your pre-approval rate or current market rates; adjust the slider in 0.125% increments Select a loan term — 15 years means higher monthly payments but far less total interest; 30 years lowers your payment Add property tax rate — check your county assessor’s website for the local rate (national average is ~1.1%) Enter annual home insurance — get quotes from insurers or use $1,000–$2,000 as a starting estimate All results update instantly as you adjust inputs. No sign-up or data sharing required. ...