What's included in the monthly payment?

Principal and interest (P&I), property taxes, homeowners insurance, and HOA dues if you enter them. PMI is not included.

How is affordability calculated?

We use the standard 28/36 rule: housing payment <= 28% of gross monthly income, total debt <= 36%.

Lenders factor in credit score, PMI, debt-to-income overlays, and program-specific guidelines beyond a general estimate.

Calculators/Mortgage & Affordability Calculator

Lenders factor in credit score, PMI, debt-to-income overlays, and program-specific guidelines beyond a general estimate.

Estimate your monthly mortgage payment, or work out the maximum home price you can comfortably afford.

Reviewed by the US Finance Tools Hub editorial team · Last reviewed June 12, 2026

Educational estimate only — not tax, legal, or financial advice. Confirm with a licensed professional.

Step 1

Home price

Down payment

Interest rate (%)

Loan term (years)

Property tax (annual)

Home insurance (annual)

HOA (monthly)

Estimated monthly payment

$2,872

P&I $2,335 · Tax $413 · Insurance $125 · HOA $0

Step 2

Results update live as you adjust the inputs above.

What's included in the monthly payment?: Principal and interest (P&I), property taxes, homeowners insurance, and HOA dues if you enter them. PMI is not included.
How is affordability calculated?: We use the standard 28/36 rule: housing payment <= 28% of gross monthly income, total debt <= 36%.
Why does my lender quote a different number?: Lenders factor in credit score, PMI, debt-to-income overlays, and program-specific guidelines beyond a general estimate.

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