Is a home loan calculator different from a mortgage calculator?

For US search intent, the terms usually overlap. This page focuses on the monthly home-loan payment and PITI add-ons; the separate mortgage calculator can be used as a broader mortgage estimate.

Why does the calculator include PMI?

Many conventional loans with less than 20% down require private mortgage insurance. The exact PMI cost depends on lender, loan, credit, and product details.

Does the payment include taxes and insurance?

Yes, when you enter tax and insurance assumptions. Those are planning estimates, not exact escrow amounts.

Home Loan Calculator

Estimate a US home loan payment with principal and interest plus property tax, homeowners insurance, HOA fees, and PMI.

Home price ($)

Down payment ($)

APR (%/year)

Loan term (years)

Property tax (%/year)

Homeowners insurance (%/year)

HOA fee ($/month)

PMI (%/year)

Home loan payment with PITI

English search results for home loan calculators overlap strongly with mortgage calculator intent. The useful estimate is a monthly housing payment: principal and interest plus property tax, homeowners insurance, HOA dues, and PMI when loan-to-value is above 80%.

Home price, down payment, APR, and loan term.
Principal and interest for a fixed-rate mortgage-style loan.
Property tax, homeowners insurance, HOA, and PMI add-ons.
Loan amount, loan-to-value, total interest, and total monthly payment.

Planning estimate

This is not a loan approval, rate quote, escrow analysis, or full cost-of-ownership estimate. Closing costs, points, utilities, maintenance, local tax reassessments, and lender rules are outside this model.

Home loan formulas

L o an = H o m e p r i ce - D o w n p a y m e n t

The loan amount is the financed part of the purchase price.

M = L o an \cdot \frac{i ( 1 + i ) ^{n}}{( 1 + i ) ^{n} - 1}

M is principal and interest, i is monthly APR, and n is the number of monthly payments.

P I T I = M + T a x + I n s u r an ce + H O A + P M I

The calculator adds monthly tax, insurance, HOA, and PMI estimates to the base payment.

L T V = \frac{L o an}{H o m e p r i ce} \cdot 100%

PMI is included only when the loan-to-value is above 80%.

What this page does not include

Closing costs, discount points, appraisal, title, and recording fees.
Utilities, repairs, maintenance, moving costs, or furnishing costs.
Exact escrow rules, PMI cancellation rules, or lender-specific underwriting.
Tax deductions or local property-tax reassessment details.

Frequently Asked Questions

Sources and References

Calculations are based on the listed reference sources. Links open in a new tab.

Updated: June 2, 2026

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