01
$300k home, 20% down, 30yr at 6.5%
Price $300,000, down $60,000, rate 6.5%, 30-year term, tax $3,600/yr, insurance $1,200/yr and a $50 HOA fee comes out to about $1,967/month total, at 80.0% loan-to-value.
Mortgage Calculator
CalculatorsCalculate your monthly mortgage payment with taxes, insurance and HOA — free mortgage calculator.
About
About the Mortgage Calculator
Estimates your monthly mortgage payment — principal, interest, tax, insurance and HOA fee — plus total interest and loan-to-value ratio.
Home buyers use it to see whether a monthly payment fits their budget before making an offer, while current owners use it to check how a refinance or extra down payment would change their payment. It's one of many free calculators on Toolapt, and like every tool here, it's free to use with no sign-up and no limit on how many times you run it.
Examples
Mortgage Calculator examples
3 worked examples
02
Same home, only 5% down
The same $300,000 home with just $15,000 down (5%) and the same rate and term gives principal & interest of about $1,801/month, at a much higher 95.0% loan-to-value where PMI is typically required.
03
Total interest over the full term
A $240,000 loan at 6.5% over 30 years pays roughly $306,000 in total interest on top of the $240,000 borrowed, shown alongside the monthly payment breakdown.
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FAQ
Frequently asked questions
Quick answers to common questions about the Mortgage Calculator.
What does the Mortgage Calculator do?
It estimates your total monthly mortgage payment — principal, interest, property tax, insurance and an optional HOA fee — along with total interest and the loan-to-value ratio.
Is the Mortgage Calculator free to use?
Yes. It's free, with no sign-up, no watermark and no limit on how many times you use it.
Is my financial information safe when I use this tool?
Yes. Every figure you enter is processed entirely on your own device — nothing is sent to a server.
Do I need to click a button to see a result?
No. The result updates instantly as you type or change any field — there's no Calculate button on this tool.
What does "Loan-to-value ratio" mean?
It's the loan amount as a percentage of the home price. Lenders often use this figure — commonly 80% or lower — to decide whether private mortgage insurance is required.
Does this include private mortgage insurance (PMI)?
No. It calculates property tax, home insurance and an optional HOA fee, but not PMI — check with your lender if your loan-to-value ratio is high enough to require it.
What if I don't have an HOA fee?
Leave the "Monthly HOA fee" field at zero — it's optional and simply won't be added to the total monthly payment.
Can I use the Mortgage Calculator on my phone?
Yes. The page is fully responsive and works on mobile, tablet and desktop browsers alike.