True monthly housing cost including taxes, insurance and PMI
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Estimated total monthly housing cost
The real monthly cost of a home is more than principal and interest. Property tax, homeowners insurance, PMI when you put down less than 20%, and HOA dues all belong in the number. Change the down payment and rate to see the effect on total interest and the amortization curve.
Principal and interest are the contractual loan payment; the displayed PITI-style total adds recurring ownership costs. The amortization schedule shows why early payments contain more interest and later payments contain more principal.
Closing costs, points, maintenance, utilities and changing escrow charges are not included. PMI removal rules and property-tax assessments vary, so obtain lender and local quotes before making an offer.
Inputs are applied directly to standard finance formulas with monthly compounding where relevant. Results are estimates in the selected currency; they do not include every tax, fee, benefit, market event or local rule. Try a conservative and an optimistic case before making a decision.
Last reviewed: August 2026. Primary references include the IRS 2026, SSA, BLS CPI, U.S. DOL, CFPB.
Principal, Interest, Taxes and Insurance — the standard measure of monthly housing cost. PMI and HOA dues are added on top.
With less than 20% down it typically costs 0.5–1% of the loan a year, and you can request removal once the balance reaches 80% of the home's value.
A 15-year term raises the monthly payment sharply but cuts total interest by more than half. Use the term slider to compare.
The US average is around 1.1% of value a year, but it varies widely — roughly 2% in New Jersey and Illinois, near 0.3% in Hawaii.
All math runs in your browser and your inputs are never sent to a server. Settings are saved locally and share links encode the state in the URL. For information only — not investment or tax advice.