Back to calculators
Mortgage Calculator
Calculate monthly mortgage payments with PMI, taxes, insurance and detailed amortization schedule
Monthly Payment
$3,045
Loan Amount $400,000
Total Interest $510,178
Total Payments $910,178
How Mortgage Payments Work
Your monthly mortgage payment typically includes four components (PITI):
- Principal: The amount that goes toward paying down the loan balance
- Interest: The cost of borrowing money
- Taxes: Property taxes collected by your lender
- Insurance: Homeowners insurance and PMI (if applicable)