Mortgage Calculator
Mortgage Payment Calculator
Type a home price, down payment, rate, and term to see principal and interest plus typical taxes and insurance. Built for U.S. first-time buyers comparing monthly payments.
Quick Answer: A $350,000 home with 20% down at 6.5% on a 30-year loan is about $1,770 a month for principal and interest, or about $2,222 if you add 1.2% property tax and 0.35% insurance. Change the inputs below for your scenario.
Monthly payment calculator
What this result means
Principal and interest is the amortized loan payment. Taxes and insurance are estimated from the home price, not from your county bill or insurance quote.
If you put less than 20% down on a conventional loan, private mortgage insurance is added until the loan-to-value drops. That is why two houses with the same price can have very different monthly totals.
Use this page to compare listings. Confirm the rate, tax millage, and insurance premium with a lender and the county assessor before you offer.
Worked example
Worked example: $350,000 price, $70,000 down (20%), 6.5% 30-year conventional. Loan = $280,000. Principal and interest ≈ $1,770. Property tax at 1.2% ≈ $350/month. Insurance at 0.35% ≈ $102/month. No PMI. Estimated total ≈ $2,222/month. Educational only.