All the colors of the calculator can be easily customized with a visual editor. You can change the background color, border color, text and input color, results colors, etc. Can be customized to fit any color scheme.

The monthly payment mortgage calculator with taxes and insurance estimates the monthly house payment based on the value of the home. The calculator helps to provide you a better sense of your total monthly payments (instead of just the principal and interest payments). The mortgage calculator provides a mortgage amortization schedule that breaks down payments into interest and principal.

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Terms/Definitions

Principal
This is the total amount of the loan you wish to get for the purchase of the house.

Interest rate
This is the interest rate for the loan you will receive.

Loan term
This is the length of time you choose to pay off your loan, usually in these different increments: 30 years, 20 years, 15 years, etc.

Down payment
This is the amount of money you will put towards a down payment on the house. Make sure you still have cash left over after the down payment to cover unexpected repairs or financial emergencies.

Property taxes
The mortgage payment calculator includes estimated property taxes. The value represents an annual tax on homeowners’ property and the tax amount is based on the home’s value.

Insurance (includes property and mortgage)
Commonly known as hazard insurance, most lenders require insurance to provide damage protection for your home and personal property from a variety of events, including fire, lightning, burglary, vandalism, storms, explosions, and more. All homeowner’s insurance policies contain personal liability coverage, which protects against lawsuits involving injuries that occur on and off your property. Mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home’s purchase price. It protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan. Also known as PMI (Private Mortgage Insurance).

Amortization Schedule
Click on the Amortization Schedule link to see a printable report that includes a full mortgage payment amortization calculation (table and chart).