Mortgage Calculator with PMI, Taxes & Insurance
Estimate a monthly mortgage payment with principal, interest, property tax, insurance, PMI and optional HOA dues.
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Estimate a full monthly mortgage payment
This is an estimate for planning. Confirm loan terms, escrow costs, PMI eligibility and payment details with your lender or servicer.
Enter a home price, down payment, annual interest rate and term. Add your estimated annual property tax and homeowners insurance, a PMI rate if your down payment is below 20%, and optional monthly HOA dues. The result separates principal and interest from the other monthly costs and shows an amortization schedule for the loan balance.
For example, a $400,000 home with 10% down creates a $360,000 loan. At 6.8% over 30 years, principal and interest are about $2,346.93 per month. Add $4,800 annual tax ($400/month), $1,400 annual insurance ($116.67/month), and 0.8% annual PMI on the original loan ($240/month), and the initial estimate is $3,103.60 before HOA.
What PMI is and when it may end
Private mortgage insurance protects the lender on many conventional loans with a small down payment. In many US loans, a borrower can request cancellation when the scheduled balance reaches 80% of the original home value, subject to conditions. Automatic termination is generally scheduled at 78% when payments are current. FHA and VA loans follow different rules. The calculator shows an approximate 78% payoff point, not a servicer decision.
Typical PMI rates are a planning input
Fannie Mae describes conventional PMI as typically about 0.2% to 2% of the loan amount per year, depending on the loan, credit score, down payment and term. The calculator starts at 0.8% only as an example. Enter the actual rate from your Loan Estimate when available.
How taxes and insurance are estimated
Enter an annual property tax amount from a local assessor or listing, and an annual homeowners insurance quote. The calculator divides each by 12. These costs can change and are separate from principal and interest. PMI is modeled using the annual rate you enter, rather than a guaranteed market rate.
Read the amortization schedule
Switch between monthly and yearly rows to see principal repaid, interest paid and remaining balance. The schedule covers the loan only; taxes, insurance, PMI and HOA are displayed in the monthly estimate.
How It Works
When planning to buy a home, looking only at principal and interest can lead to significant budgeting errors. Pexlii’s Mortgage Calculator computes your complete all-in monthly payment while preserving 100% confidentiality for your financial data. The algorithm computes your monthly principal and interest using the standard fixed-rate amortized loan formula. It then integrates annual property taxes, homeowners hazard insurance, and monthly HOA assessments into a unified monthly total. If your down payment is less than 20%, the engine automatically models Private Mortgage Insurance (PMI). A stacked visual breakdown bar displays the exact proportion going toward your equity versus non-recoverable escrow costs. The full amortization table calculates month-by-month equity growth and interest reduction, and can be exported as a CSV spreadsheet. All calculations execute locally on your machine with zero server involvement.
🔒 Your files and entered content are processed on this device and are not uploaded by this tool. Pexlii also loads Google Analytics for usage measurement; tool events include the tool name, category, and action type, not your files or entered content.
How to Use Mortgage Calculator with PMI & Taxes
Enter the property price, down payment, interest rate, and loan term.
Add taxes, insurance, or other recurring costs when those controls are available.
Review the estimated monthly payment and lifetime interest.
Compare scenarios by changing the down payment, rate, or term individually.
Key Capabilities
Application Scenarios
Frequently Asked Questions about Mortgage Calculator with PMI & Taxes
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Actual Size Online Ruler
Calibrated on-screen ruler in centimeters, millimeters, and inches.