Please Note: This calculator estimates your principal and interest payment only. To estimate your total monthly housing payment, add together your annual property taxes, annual homeowners insurance, and any other annual housing costs, then divide by 12. Add that monthly amount to the payment shown in the calculator.
Formula:
Calculator Payment + ((Annual Taxes + Annual Homeowners Insurance + Other Annual Costs) ÷ 12) = Estimated Total Monthly Payment
If you have monthly HOA dues or monthly PMI, simply add those amounts after the calculation.