What it includes
Your selected price, down payment, rate, and term, plus property tax, homeowners insurance, estimated PMI below 20% down, and HOA dues.
Estimate the monthly cost of a home.
Adjust the price, down payment, rate, and term. Then review the taxes, insurance, PMI, HOA dues, and limitations behind the estimate.
No signup required · Editable assumptions · Educational estimate
Build your scenario
Change any input to update the monthly estimate.
Educational estimate—not a loan offer, approval, or rate quote. Actual payments depend on lender terms and property-specific costs.
What this estimate assumes
The calculator combines amortized principal and interest with editable estimates for common housing costs. Use property-specific numbers whenever they are available.
Defaults to replace
Property tax starts at 1.10% yearly and insurance at $1,600 yearly. Both are editable under “Taxes, insurance & HOA.”
How to use this estimate
Test a workable budget and prepare questions. The estimate excludes closing costs, maintenance, utilities, and future tax or insurance changes.
Answer the next money question.
Choose one focused calculator instead of sorting through a dense list. Each tool keeps its assumptions visible and editable.
How much home fits your finances?
Combine income, monthly debts, down payment, taxes, insurance, and DTI limits to estimate a workable purchase price.
What will you need at closing?
Estimate the down payment, closing costs, prepaid items, credits, and deposits.
How much could PMI add?
Estimate the monthly cost and see a principal-paydown path toward 80% loan-to-value.
Guidance for the choices behind the payment.
Short, plain-language guides for comparing loan structures, strengthening your application, and setting a workable budget.
Fixed vs. ARM: Which Actually Saves You Money?
Understand the tradeoff between rate stability and lower introductory payments.
Read the guide →How Your Credit Score Changes Your Rate
See how credit tiers can affect pricing and which improvements may matter.
Read the guide →How Much House Can I Actually Afford?
Separate the amount you may qualify for from the amount you want to spend.
Read the guide →First-time home buyer checklist
Use the free checklist to organize mortgage-readiness documents, home-search questions, offer-stage checks, and move-in tasks.
- Mortgage-readiness self-assessment
- Documents to gather before applying
- Questions to ask before making an offer
One email with the PDF. See the Privacy Policy.
Common questions about this calculator.
Is this calculator actually free?
Yes. There's no signup required to calculate your payment. We only ask for an email if you want the free PDF checklist. If you choose to follow an affiliate link to Truss Financial Group and later work with them, CalculateYourRate may receive compensation. That relationship does not change the calculator result.
How accurate is the monthly payment estimate?
It's built on the same amortization formula lenders use for principal and interest, plus estimated property tax, insurance, and PMI. Your actual payment will depend on your specific lender, credit profile, and local tax rate — treat this as a very close estimate, not a binding number.
What is PMI and why does it show up?
Private Mortgage Insurance is typically required when your down payment is below 20% of the home price. It protects the lender, not you, and usually drops off once you've built enough equity. The calculator estimates it automatically when your down payment is under 20%.
Do you sell my information?
No. If you request the free checklist, your email is used as described in our Privacy Policy. Following an affiliate link takes you to the mortgage professional's website, where their own privacy terms apply.