30-year fixed mortgage calculator
Calculate monthly payments on a 30-year fixed mortgage with principal, interest, taxes, insurance (PITI) and PMI estimates. Free.
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About this tool
Calculate your estimated monthly payment on a 30-year fixed-rate mortgage. See principal, interest, property taxes, homeowners insurance, and total interest.
How to use it
- 1 Enter the home purchase price and your cash down payment.
- 2 Select your loan term (15 or 30 years) and mortgage interest rate (APR).
- 3 Optionally include annual property taxes, homeowners insurance, and monthly HOA dues.
Questions
What are the benefits of a 30-year fixed mortgage?
A 30-year fixed mortgage offers lower monthly payments than a 15-year mortgage and keeps your payment predictable and fixed for the full 30-year duration.
What is included in a PITI mortgage payment?
PITI stands for Principal, Interest, Taxes, and Insurance. It represents your complete monthly homeownership payment.
When is PMI required on a mortgage?
Private Mortgage Insurance (PMI) is usually required on conventional loans when your down payment is less than 20% of the home purchase price.
Is a 15-year or 30-year mortgage better?
A 30-year mortgage offers lower monthly payments, while a 15-year mortgage has higher monthly payments but saves tens or hundreds of thousands of dollars in total interest.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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