Mortgage Payment Calculator

This Mortgage Payment Calculator will estimate the monthly mortgage payment (principal, interest, taxes and insurance - PITI) you can expect.

Instructions:

  • Fill in all fields and click on the "Calculate" button. Results will appear on the right.
  • Enter numbers and decimals only. Don't use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000.
  • Enter the loan term in years.
  • Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.

Enter Loan Information

Loan Term (in years)

Interest Rate

Total Amount of Loan

Enter Expenses Information

EstMFMted Annual Taxes

Annual Insurance Premium

Results

Monthly Principal & Interest
$

Monthly Taxes
$

Monthly Insurance
$

Total Monthly Payment (PITI)
$

Disclaimer: Calculator is presented strictly for illustrative purposes. This is not an offer to lend. All results disclosed by the calculator are estimates, MFM assumes no liability or responsibility for computational errors. MFM makes no guaranty or representation that you will qualify for any particular loan or loan terms.