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Mortgage Payment Calculator
Estimate your monthly payment — including taxes, insurance, and HOA.
Loan Details
Down payment: $60,000 (20.0%)
At 20% or more down, you avoid private mortgage insurance (PMI)— saving roughly $100–$300 per month on most loans. You also start with more equity and a smaller monthly payment.
Estimated Monthly Payment
$1,947
Loan amount: $240,000
Payment Breakdown
- Principal & Interest$1,597
- Property Tax$200
- Insurance$150
Ready to find homes in your budget?
Payment Sensitivity Matrix
See how monthly payment shifts as price and rate move around your selections. The highlighted cell matches your Loan Details. Other inputs (down payment, term, taxes, insurance, HOA) stay fixed.
| Rate \ Price | $225,000 | $250,000 | $275,000 | $300,000 | $325,000 | $350,000 | $375,000 |
|---|---|---|---|---|---|---|---|
| 6.25% | $1,458 | $1,581 | $1,705 | $1,828 | $1,951 | $2,074 | $2,197 |
| 6.50% | $1,488 | $1,614 | $1,741 | $1,867 | $1,993 | $2,120 | $2,246 |
| 6.75% | $1,517 | $1,647 | $1,777 | $1,907 | $2,036 | $2,166 | $2,296 |
| 7.00% | $1,548 | $1,681 | $1,814 | $1,947 | $2,080 | $2,213 | $2,346 |
| 7.25% | $1,578 | $1,714 | $1,851 | $1,987 | $2,124 | $2,260 | $2,397 |
| 7.50% | $1,609 | $1,748 | $1,888 | $2,028 | $2,168 | $2,308 | $2,448 |
| 7.75% | $1,640 | $1,783 | $1,926 | $2,069 | $2,213 | $2,356 | $2,499 |
Each cell shows the full monthly payment (P&I + taxes + insurance + HOA). Cells shade from cooler (lower) to warmer (higher) within this view.
* This calculator provides estimates for informational purposes only and does not constitute a loan offer or guarantee. Actual payments vary based on credit score, loan program, lender fees, and other factors. Consult a licensed lender for accurate figures.
Source: Freddie Mac PMMS® via FRED®, Federal Reserve Bank of St. Louis. Updated weekly. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.