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Mortgage Payment Calculator

A mortgage payment is more than principal and interest. This calculator shows the full monthly cost of the loan — including taxes, insurance, HOA dues, and mortgage insurance where applicable — and the total interest paid over the loan term.

Your numbers

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Estimated monthly payment

$3,410

Principal, interest, taxes, insurance, HOA, and PMI where applicable.

Principal & interest
$2,781
Property taxes
$504
Homeowners insurance
$125
HOA fees
$0
PMINot required at this down payment.
$0
Loan amount
$440,000
Total interest over the term
$561,196
First payment: interest portion
$2,383

Breakdown

Principal & interest$2,781
Taxes$504
Insurance$125
HOA$0
PMI$0

What this means

Borrowing $440,000 at 6.50% over 30 years produces a $2,781 principal-and-interest payment. Adding taxes, insurance brings the estimated total to $3,410 per month.

Early payments are mostly interest: about $2,383 of the first payment goes to interest rather than principal. Actual quotes vary by lender, credit profile, and local tax assessment. These figures are estimates.

How this calculation works

  • Principal and interest use the standard amortization formula for a fixed-rate loan.
  • Property taxes and homeowners insurance are entered as annual rates or amounts and divided across twelve months.
  • PMI is estimated when the down payment is under 20% and typically drops off as equity builds.

All results are estimates based on the assumptions you enter. RE View does not provide financial, tax, or lending advice.

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