Loans & Debt
Mortgage Payment calculator
Estimate your monthly mortgage with taxes & insurance baked in.
Your inputs
$
$
%
$
$
Results
Monthly payment (PITI)
$2,909.95
Principal & interest
$2,334.95
Taxes + insurance
$575.00
Loan amount
$360,000
Total interest paid
$480,583
Breakdown
Total: $2,910
Monthly payment breakdown
0%25%50%75%100%
- Principal & interest$2,33580.2%
- Property tax$45015.5%
- Insurance$1254.3%
Decision Engine
Should You Buy This House?
A live financial-health analysis based on your mortgage inputs plus your income, debts, and savings.
Your financial picture
$
$
$
yr
%
%
$
$
$
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$
57
/ 100
Financial Health Score
Risky
A weighted blend of housing ratio, DTI, savings buffer, down payment, term, rate, cash flow, and risk.
Recommendation
🔴Consider Waiting
Total monthly
$3,284.95
Housing ratio
41.5%
DTI
47.2%
Emergency
6.1 mo
What's working
- ✔Emergency savings cover 6.1 months of housing costs.
- ✔20.0% down avoids PMI and lowers monthly cost.
- ✔Monthly cash flow stays positive at $4,182 after housing + debts.
- ✔Expected 3.0% annual appreciation supports building equity.
- ✔Planning 7 years in the home makes closing costs worthwhile.
- ✔Rate of 6.75% is reasonable at today's levels.
What's risky
- ⚠Housing consumes 41.5% of income — above the 30% safety threshold.
- ⚠Total debt-to-income is 47.2% — lenders prefer <36%.
Score breakdown
Housing cost / income
41.5% of gross income
0/25
Debt-to-income
47.2% total DTI
8/20
Emergency fund
6.1 months of housing covered
15/15
Down payment
20.0% down
10/10
Loan length
30-year term
3/5
Interest rate
6.75% APR
3/5
Monthly cash flow
$4,182/mo after housing + debts
10/10
Expected ownership
7 years planned
5/5
Maintenance burden
4.7% of income
1/3
Risk profile
credit 720, appreciation 3.0%
1.5/2
Total
57 / 100
What can improve your score
- →Reduce monthly debt payments by about $900 to bring DTI under 36%.
- →Look for a home about $215,000 cheaper to hit a ~28% housing ratio (target payment $2,217).
- →Raise credit score above 740 — typically unlocks a 0.25–0.5% rate improvement.
Monthly payment breakdown
- Principal & interest$2,334.95 · 71%
- Property tax$450.00 · 14%
- Insurance$125.00 · 4%
- Maintenance$375.00 · 11%
Principal vs interest (life of loan)
Yr 1Yr 30
PrincipalInterest
Equity growth over 7 years
Home equity— end $226,608
Net worth: buy vs rent+invest
Buying (equity)— end $226,608Rent + invest baseline— end $166,198
Affordability gauge
0%50%
41.5% of income on housing
Financial health gauge
0100
Score 57 / 100
Scenario comparison
| Scenario | Down | Term | P&I | Total / mo | Total interest | Score |
|---|---|---|---|---|---|---|
| Base | $90,000 | 30 yr | $2,334.95 | $3,284.95 | $480,583 | 57 |
| 3% Down | $13,500 | 30 yr | $2,831.13 | $3,781.13+$496 | $582,707 | 35 |
| 5% Down | $22,500 | 30 yr | $2,772.76 | $3,722.76+$438 | $570,692 | 38 |
| 10% Down | $45,000 | 30 yr | $2,626.82 | $3,576.82+$292 | $540,656 | 41 |
| 20% Down | $90,000 | 30 yr | $2,334.95 | $3,284.95 | $480,583 | 57 |
| 30-Year Loan | $90,000 | 30 yr | $2,334.95 | $3,284.95 | $480,583 | 57 |
| 15-Year Loan | $90,000 | 15 yr | $3,185.67 | $4,135.67+$851 | $213,421 | 46 |
Stress test
Interest rate +0%
Property tax +0%
Maintenance +0%
Income −0%
Stressed P&I
$2,334.95
vs $2,334.95 base
Total housing / mo
$3,284.95
housing ratio 41.5%
Stressed DTI
47.2%
income $7,917/mo
Under this stress scenario, this purchase would strain your finances.
AI Insight
Personalized analysis from your numbers
Tap Generate for an AI-written breakdown of what your numbers mean, plus tailored next steps.
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About this calculator
What the Mortgage Payment calculator does
The Mortgage Calculator estimates your full monthly housing payment (PITI): principal & interest from the loan, plus property tax and homeowners insurance escrowed monthly.
How to use it
- Enter your details: Home price, Down payment, Interest rate, Loan term (years), Annual property tax, Annual insurance.
- Results update instantly as you type — no submit button needed.
- Tap an info icon next to any field for guidance on what to enter.
- Use the Share button to save a permalink that restores your exact inputs.
- Tap Generate on the AI Insight card for a personalized written breakdown.
Tips & context
- 20% down typically waives PMI on conventional loans.
- A 15-year term costs less in interest but raises the monthly payment.
- Property tax varies dramatically by county — check local rates before budgeting.
Formula
M = P · r(1+r)ⁿ / ((1+r)ⁿ − 1), where P = loan amount, r = monthly rate, n = months. Add tax/12 and insurance/12 for PITI.
FAQ
Frequently asked
Does this include PMI?+
No — it models P&I plus taxes and insurance. Add PMI separately if your down payment is under 20%.
Can I include HOA?+
Not directly. Add HOA dues to the insurance field for a rough PITI + HOA figure.