Mortgage calculator with taxes, insurance, PMI and extra payments

See your real monthly housing payment, not just principal and interest. Add property tax, insurance, PMI and HOA fees, try extra payments, and get the full amortization schedule by year or by month.

Questions

What is PMI and when does it stop?

PMI is private mortgage insurance, usually charged when your down payment is under 20%. This calculator stops it when the balance reaches 78% of the home price, the usual automatic cut-off in the US.

Should I include property tax and insurance?

Yes, if your lender collects them with your payment (escrow). They can add a lot to the monthly cost.

Does it work outside the US?

Yes. Choose your currency and leave PMI or HOA at zero if they do not apply where you live.