Free tool
Mortgage Payment Calculator
Estimate a full monthly payment - principal, interest, taxes, insurance, and PMI when your down payment is under 20%.
This week's average mortgage rates
7.03%
30-year fixed
6.42%
15-year fixed
U.S. weekly averages as of Sep 24, 2026. Source: Freddie Mac Primary Mortgage Market Survey via FRED (St. Louis Fed). Averages, not offers - your rate depends on credit, loan type, and lender.
Estimated monthly payment$1,987
Principal & interest$1,585
Taxes$167
Insurance$117
Est. PMI (down payment under 20%)$119
Total interest over the loan$333,057
Good to know
- PMI typically applies below 20% down on conventional loans and can be removed later; FHA's version (MIP) works differently.
- Property taxes and insurance vary a lot - pull the county's actual tax bill for the home if you can.
- VA (0% down for eligible veterans) and USDA (0% down in eligible rural areas) skip PMI entirely - see our guides.
Buying a place that needs work?
Get a free planning estimate for the repairs before you make an offer - know the real all-in cost.
Educational planning tool only - not financial, lending, tax, or legal advice, and not an offer of credit. Figures are estimates based on the inputs and standard planning formulas; consult a qualified lender or advisor for decisions.