Home Loan Calculator with Taxes & Insurance
Calculate Your Full Monthly Home Payment
Need to use Home Loan Calculator with Taxes & Insurance right now?
A home loan's true monthly cost includes property tax and insurance on top of principal and interest — leaving those out understates what actually leaves your account each month. This tool calculates the complete monthly payment including all four components.
Features
- Runs entirely in your browser
- Privacy-first — your data is never uploaded
- Real-time, instant results
- 100% free, no sign-up required
- Works on desktop, tablet, and mobile
- No installation needed
Who uses this tool?
About Home Loan Calculator with Taxes & Insurance
A mortgage payment is genuinely more than just principal and interest — the full monthly cost of homeownership typically includes property tax and homeowners insurance too, commonly abbreviated as PITI (Principal, Interest, Taxes, Insurance). A calculator that only shows principal and interest can understate the real monthly cost by hundreds of dollars, which is exactly the gap this tool is built to close.
Start with the home price and your planned down payment — the tool calculates the actual loan principal (home price minus down payment) automatically, since that's the amount actually being financed and amortized, not the full home price. From there, it applies the standard mortgage amortization formula to calculate the principal and interest portion of your monthly payment over the loan term (commonly 15 or 30 years).
Property tax and homeowners insurance are entered as annual figures (matching how they're typically quoted) and converted to their monthly equivalent automatically, then added to the principal and interest to show the true total monthly payment — a number that maps much more closely to what actually leaves your bank account each month than a bare principal-and-interest figure would.
This is genuinely useful for realistic home-buying budgeting, comparing how a larger down payment reduces your monthly payment, or understanding how property tax and insurance costs in a specific area affect total affordability beyond just the loan itself. It's worth noting that PMI (private mortgage insurance, often required with a down payment under 20%) and HOA fees aren't included here, since they vary too specifically by lender and property to calculate generically.
How it works
- Enter the home price and down payment. The loan principal is calculated automatically as the difference.
- Enter the interest rate and loan term. Commonly 15 or 30 years for a standard mortgage.
- Optionally add property tax and insurance. Annual figures, converted to monthly and added to your total payment.
Examples
Full PITI mortgage payment
Input
$350,000 home, $70,000 down, 6.5% rate, 30 years, $3,500 tax, $1,200 insurance
Output
Total monthly payment: $2,161.46 (P&I: $1,769.79 + tax: $291.67 + insurance: $100)