Mortgage Calculator

Principal & Interest (P&I) is the base payment that pays down your loan. Early payments are mostly interest; over time more goes toward principal.

Property Tax is collected monthly by your lender and held in escrow, then paid to your local government annually. Rates vary widely by location — 1–2% of home value per year is typical.

Home Insurance protects against damage and liability. Lenders require it. Expect $800–$2,000/year depending on location and coverage.

PMI (Private Mortgage Insurance) is required when your down payment is less than 20%. It protects the lender — not you — and typically costs 0.5–1.5% of the loan per year. It can be cancelled once you reach 20% equity.