Financed principal
Base loan plus any modeled upfront program fee. FHA uses 1.75% financed UFMIP; VA uses the selected use, down-payment, and exemption scenario; USDA uses a 1.00% planning assumption.
All calculators
Mortgage payment calculator
Estimate the complete monthly housing payment
Principal and interest are only part of a housing payment. Add program fees, property taxes, homeowners insurance, mortgage insurance, HOA dues, and cash to close to make the plan useful.
See the complete payment before choosing the home price.
Change the price, cash, program, and rate to see the effect on the monthly payment and estimated cash to close.
Estimated monthly total
$2,773- Principal and interest
- $2,023
- Property taxes
- $500
- Homeowners insurance
- $150
- HOA dues
- $100
- Mortgage insurance
- $0
- Base loan amount
- $320,000
- Financed upfront program fee
- $0
- Estimated closing costs
- $12,000
- Estimated cash to close
- $92,000
- Financed principal
- $320,000
Not included
Monthly cash flow
Payment breakdown
Loan balance
Amortization for mortgage loan
Formulas and assumptions
Monthly insurance or fee
The starting FHA estimate selects the HUD term, base-loan, and LTV rate, then applies it to the base loan; an actual annual premium can use the outstanding balance. USDA uses a 0.35% annual planning assumption. Conventional PMI appears only when you enter a hypothetical rate; VA has no monthly mortgage insurance.
Important boundary
The entered interest rate is an example—not a quote, APR, Loan Estimate, eligibility decision, or program approval. Verify current county limits, property and income rules, funding-fee exemptions, and official disclosures.
References: HUD FHA MIP schedule, VA funding fees, and USDA eligibility tools.