Mortgage Calculator
Helping you navigate your mortgage with knowledge and confidence.
Your monthly mortgage payment usually covers more than just the loan—it often includes a few additional costs as well.""Your monthly mortgage payment usually covers more than just the loan—it often includes a few additional costs as well.Our goal is to help you stay informed and make confident, well-informed decisions. Try our easy-to-use mortgage calculator to get started."
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Principal – This is the actual loan amount you borrowed.
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Interest – The fee the bank charges for lending you money.
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PMI (Private Mortgage Insurance) – If you didn’t pay a big enough down payment (usually 20%), this is insurance you pay to protect the lender.
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Property Taxes – Local government charges you every year for owning a home; it's split into monthly amounts.
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Homeowners Insurance – Covers damage to your house (like fire or theft).
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HOA Fees – If your house is in a neighborhood with a Homeowners Association (like a gated community or condo), you pay monthly fees for things like maintenance, security, or pools.
All of this together makes up your total monthly mortgage payment. It’s more than just the loan—it’s all the stuff needed to keep and protect your home.