Free Mortgage Calculator USA – Estimate Monthly Payments Instantly

Property & loan

Home price ($)

Down payment ($)

Loan term

Interest rate (%)

Down payment %

Loan amount

PMI typically applies when down payment is below 20% — add it in the Costs tab.

Your income

Annual gross income ($)

Co-borrower income ($)

Existing monthly debts

Car payment ($)

Student loans ($)

Credit cards ($)

Other debt ($)

Lenders use the 28/36 rule: housing ≤ 28% of gross income, total debt ≤ 36%. FHA allows up to 43% DTI.

Monthly costs

Property tax (yearly $)

Home insurance (yearly $)

HOA (monthly $)

PMI (monthly $)

PMI is typically 0.5–1.5% of the loan amount annually ÷ 12. Drops off once you reach 20% equity.

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