See the whole monthly payment, not just the pretty part.
Principal, interest, taxes, insurance, and mortgage insurance across Conventional, FHA, and VA, seeded with today's average rates.
Estimated monthly payment
Conventional · 30-yr fixed · 7.26%
Per month
$2,685
- Principal & interest$2,18581%
- Property tax$36714%
- Home insurance$1335%
- Down payment
- $80,000(20%)
- Total loan amount
- $320,000
Rate auto-filled from today's national Conventional average (Mortgage News Daily, Sep 23) — a benchmark, not a quote. PMI is a typical estimate by down payment; your credit score changes it (override it under advanced options). Estimates for planning only — your rate and payment depend on credit, program, and market pricing. Not a loan offer or approval.
Straight answers
What is included in a monthly mortgage payment?
Four things, usually: principal, interest, property taxes, and homeowners insurance. Add mortgage insurance when the down payment is under 20% on conventional, and on most FHA loans regardless. This calculator shows all of it, plus the ownership costs people forget like maintenance, so the number you plan around is the real one.
Why does mortgage insurance change so much between scenarios?
Conventional mortgage insurance is priced to your credit score and down payment, so the same house can carry a very different payment for different buyers. FHA charges set premiums instead. That swing is exactly why it's worth having a lender price both programs against your real file before you commit.
How close will this be to my actual payment?
It is an honest ballpark built on national average rates and typical tax and insurance estimates. Your real number depends on your credit, your county's taxes, and the lender you choose. When you're pre-approved, your lender's estimate replaces this one, and we shop with that number.
Calculator results are estimates for illustration only, based on your inputs and national average rates. They are not a quote, an appraisal, a pre-approval, or a commitment to lend. Your actual numbers depend on your credit, your county’s taxes and insurance, and the lender you choose.
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