🇺🇸 US Mortgage Calculator
Calculate your US mortgage payment in USD, including property tax, homeowners insurance, and PMI — and compare Conventional, FHA, and VA loan scenarios.
Currency
USD
Typical Rate
6.5%
Common Term
30 yrs
PMI (Private Mortgage Insurance)
Included
Loan Details
Enter a home price to see your results
Your monthly payment, amortization schedule, and cost breakdown will appear here instantly.
Mortgage Options in the United States
US homebuyers can choose from several loan types: Conventional loans (not government-backed, best for strong credit profiles), FHA loans (government-insured, popular with first-time buyers due to low down payment requirements), VA loans (for eligible veterans and service members, often with no down payment), and USDA loans (for eligible rural properties). Each has different down payment, credit score, and mortgage insurance requirements.
Understanding PMI
If you put down less than 20% on a conventional loan, you'll pay Private Mortgage Insurance (PMI) until you reach roughly 20-22% equity. FHA loans have a similar but distinct charge called MIP (Mortgage Insurance Premium), which in some cases lasts for the life of the loan. Use our PMI Calculator to estimate this cost and see when it can be removed.
Property Tax and Insurance
Property tax rates in the US vary enormously by state and county — from under 0.5% to over 2% of assessed value annually. These costs, along with homeowners insurance, are usually collected monthly through an escrow account alongside your principal and interest payment, forming your total "PITI" payment.
Estimate Your Full Monthly Payment
Use our Mortgage Calculator with USA selected to see your complete monthly payment breakdown, or the Affordability Calculator to determine how much house you can afford based on your income and debts.
All Calculators for United States
Mortgage
Calculate your monthly mortgage payment including principal, interest, taxes, insurance, PMI, and HOA fees — for any country in the world.
Affordability
Determine your ideal home price range based on income, monthly debt, down payment, and credit score.
Amortization
Build a full amortization schedule showing principal, interest, and remaining balance for every payment.
PMI
Estimate your private mortgage insurance cost and find out exactly when you can remove it.
Refinance
See how much you could save by refinancing your mortgage, including your break-even point on closing costs.
Down Payment
Compare different down payment percentages side by side to find the right strategy for you.
Closing Costs
Get a full breakdown of the fees you'll pay at closing when buying a home.
Comparison
Compare two loan scenarios side by side to see which one saves you more money.
Extra Payment
Discover how much time and interest you can save by making extra payments on your mortgage.
Rent vs Buy
Estimate your home's future value and compare the long-term financial outcome of buying versus renting.