Estimate the monthly cost of financing and owning a home from its price, down payment, interest rate, and loan term. Add property tax, homeowners insurance, PMI, and HOA fees to compare the mortgage payment with the broader monthly housing cost.
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Result
Monthly Payment: $1,816.92
Property Tax: $144,000.00
Home Insurance: $36,000.00
Total Out-of-Pocket: $834,091.20
House Price: $400,000.00
Interest
Principal
Review the inputs, outputs, calculation method, and formulas used by this tool.
The financed price is amortized as a fixed-rate mortgage and recurring housing expenses are added to estimate total monthly cost.
P = Home price − Down payment
M = P × r(1 + r)^n / ((1 + r)^n − 1)
Total monthly = M + monthly taxes + insurance + PMI + HOA
Symbols refer to the corresponding input and result labels shown above.
Enter your figures, choose any available options, and select Calculate. You can change the inputs as often as you like to compare scenarios.
Results are estimates for education and planning. Taxes, lender rules, fees, and investment returns can vary, so verify important decisions with a qualified professional.