RealHomeCost.net

Mortgage Calculator

Estimate your true monthly cost including local property taxes, homeowners insurance, PMI or FHA MIP, and HOA.

Local tax & insurance data2025 FHA & conforming limitsFree — no signup required
$
%

≈ $90,000

%

Illustrative — check with your lender

$

Extra Monthly Payment

$

Estimated Monthly Payment

$2,896

Estimates are for educational purposes only and are not a loan offer or commitment to lend.

FHA Eligible

Loan Amount: $360,000

LTV: 0.01%

P&I Payment

$2,383

Total Interest

$497,884

over loan life

Payoff

30 yr

Closing Costs

$6,105–$11,396

est. range

Monthly Payment Breakdown

2025 Loan Limit Context

FHA Limit

$524,225

Conforming Limit

$806,500

Amortization Schedule

Mo.PaymentPrincipalInterestBalanceTotal Interest
1$2,383$298$2,085$359,702$2,085
2$2,383$300$2,083$359,402$4,168
3$2,383$301$2,082$359,101$6,250
4$2,383$303$2,080$358,798$8,330
5$2,383$305$2,078$358,493$10,408
6$2,383$307$2,076$358,186$12,484
7$2,383$309$2,074$357,877$14,558
8$2,383$310$2,073$357,567$16,631
9$2,383$312$2,071$357,255$18,702
10$2,383$314$2,069$356,941$20,771
11$2,383$316$2,067$356,625$22,838
12$2,383$318$2,065$356,308$24,904
Months 112 of 360

Frequently Asked Questions

What does this mortgage calculator include?
This calculator estimates your total monthly housing payment including principal & interest, property taxes, homeowners insurance, PMI (if applicable), FHA MIP, and HOA fees. It also shows amortization, loan classification, and closing cost ranges.
What is PMI and when do I need it?
Private mortgage insurance (PMI) is required on conventional loans when your down payment is less than 20% of the home price. PMI protects the lender if you default. Estimates vary by lender and credit score.
What is FHA MIP?
FHA Mortgage Insurance Premium (MIP) is required on all FHA loans. It includes an upfront fee of 1.75% of the loan amount and an annual premium ranging from 0.50% to 0.75%, depending on loan amount and LTV. Rates are based on HUD guidance effective March 20, 2023.
What is the 2025 conforming loan limit?
The 2025 baseline conforming loan limit is $806,500 for a single-family home. High-cost counties (like Los Angeles, King County, and Denver) have higher limits up to $1,209,750.
Are the interest rates shown current?
No — sample rates shown are illustrative only and do not represent current market conditions. Always check with your lender for current rates.

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