Mortgage calculator
Your full monthly payment — principal, interest, property tax, insurance and PMI — at this week's 7.11% average rate.
Payment on popular home prices
How much house can I afford?
Home prices by state
Largest metro areas
How the payment is worked out
- Principal and interest — the standard amortization formula for a fixed-rate loan.
- Property tax — a percentage of the home's value. The default is the U.S. median effective rate of 0.9%; state and county pages use local rates from the Census Bureau.
- Homeowners insurance — 0.6% of the price a year unless you enter your quote. Premiums are much higher in some states, so use a real quote if you have one.
- PMI — about 0.5% of the loan a year when you put down less than 20% on a conventional loan. It can be removed once you reach 20% equity.
- FHA — needs 3.5% down; adds a 1.75% upfront premium to the loan and 0.55% a year.
Today's rate is the Freddie Mac weekly average (Nov 12, 2026); see mortgage rate history.