Mortgage calculator
with taxes & insurance
A principal-and-interest payment is not the whole mortgage bill. Property tax and homeowners insurance are usually collected monthly in escrow, so the number you can actually budget is higher.
What gets added
Property tax is assessed by the county, usually as a percentage of the home's assessed value. Homeowners insurance is an annual premium. Lenders divide both by 12 and add them to the monthly payment.
A simple example
On a $400,000 home with a 20% down payment, a 6.5% 30-year loan has a principal-and-interest payment of about $2,022. Add 1.1% property tax ($367/month) and $1,800 insurance ($150/month), and the real monthly cost is closer to $2,539 before HOA or PMI.
Why escrow matters
Escrow spreads the yearly bills across 12 payments instead of one large bill. The servicer can adjust the escrow amount when taxes or insurance change, so the payment is not fixed forever.
FAQ
Does the calculator include taxes?
Yes. The mortgage calculator has fields for property tax rate and annual insurance, and adds both to the monthly total.
Are taxes the same everywhere?
No. Rates and assessment rules vary by state and county; use your local rate, not a national average.
Estimate only; not a loan offer or financial advice.