Principal and interest
The core of your payment: it repays the amount you borrow over the life of the loan, plus interest charged by the lender. This is the part mortgage calculators call P&I.
Mortgage Calculator
Estimate your monthly mortgage payment.
This free mortgage calculator shows you the estimated monthly payment for a home, in plain numbers, with no login and no strings. Enter a home price, your down payment, and an interest rate to see estimated principal and interest, then add property tax and homeowners insurance for the full monthly picture.
Jump to the calculatorYour estimate appears here
Fill in the home price, down payment, and interest rate, then press Calculate. Your estimated monthly payment shows up on this side, with a breakdown you can actually read.
Estimated monthly payment
$0
Based on your numbers.
Principal & interest $0
Property tax $0
Homeowners insurance $0
Total estimated payment $0
Principal and interest repay your loan over the term; property tax and homeowners insurance are collected with your payment when you enter them. This estimate leaves out HOA dues, mortgage insurance, utilities, and closing costs, which can change the real total.
Estimates only, not a loan offer. Rates vary by lender.
What the estimate covers
A monthly payment has four moving parts.
The monthly number you see on listings and loan estimates usually blends these four pieces. Understanding each one is the difference between a payment that surprises you and a payment you planned for.
Property tax
Texas property taxes are set by your county and local taxing districts and are usually collected with your monthly payment, then paid to the county on your behalf.
Homeowners insurance
Lenders require a hazard policy that protects your home. When you add your annual premium, the monthly estimate covers the whole payment lenders typically collect.
Every estimate is a starting point, not a promise. Your final rate depends on your lender, your credit profile, and the day you lock it in, and Texas property tax rates vary by county and taxing district. Estimates only, not a loan offer. Rates vary by lender.
The estimate is the beginning
Want a number you can take to the bank?
A calculator estimates; a lender quotes. Together we sort out what fits.
As a licensed residential mortgage broker, I read the financing picture from the inside and explain it in plain language, in English or Spanish. Tell me what you are looking at, and I will help you turn this estimate into a plan, including connecting you with a lender for a real rate quote.