Can this calculator show an amortization schedule?

The tool provides a monthly payment total but does not generate a full year-by-year amortization table; it focuses on the monthly cost breakdown.

Does it include private mortgage insurance (PMI)?

PMI is not automatically included; users must enter it manually if they want it factored into the monthly total.

How accurate are the tax and insurance estimates?

Property tax and insurance amounts are based on what the user enters; the calculator does not look up local rates, so results depend on accurate local data.

Can I change the loan start date?

Yes, a start date field is available and will affect the payment schedule, though the calculator primarily outputs a monthly total rather than a detailed schedule.

Loans & MortgagesTool Review

Mortgage Calculator

Provided byNerdWallet Financial Calculatorsnerdwallet.com

Estimates monthly mortgage payments including taxes, insurance, and HOA dues.

One of 6 options for Mortgage calculator

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About this tool

What Mortgage Calculator does

A mortgage calculator that estimates monthly payments by combining loan details with ongoing housing expenses. Users enter the home price, down payment, interest rate, and loan term to calculate a base payment, then add yearly property taxes, homeowners insurance, and HOA fees to see the full monthly cost. The output includes the principal and interest amount, plus a breakdown of the additional housing costs so the total reflects what a borrower would actually pay each month.

Step by step

How to use the NerdWallet Financial Calculators Mortgage Calculator

1
Enter the home price and down payment to set the loan amount
2
Input the interest rate and choose a loan term (e.g., 30 years)
3
Add yearly property taxes, homeowners insurance, and any HOA dues
4
View the calculated monthly payment that includes principal, interest, and all selected housing expenses

Is it right for you

Best for

Homebuyers and refinancers who need a quick, comprehensive estimate of monthly housing costs including taxes and insurance.

Limitations

Results are estimates based on user-provided inputs
Does not include all possible fees such as closing costs or PMI unless specifically entered
Interest rates and tax amounts can vary by location and lender

Questions

Mortgage Calculator FAQ

Can this calculator show an amortization schedule?: The tool provides a monthly payment total but does not generate a full year-by-year amortization table; it focuses on the monthly cost breakdown.
Does it include private mortgage insurance (PMI)?: PMI is not automatically included; users must enter it manually if they want it factored into the monthly total.
How accurate are the tax and insurance estimates?: Property tax and insurance amounts are based on what the user enters; the calculator does not look up local rates, so results depend on accurate local data.
Can I change the loan start date?: Yes, a start date field is available and will affect the payment schedule, though the calculator primarily outputs a monthly total rather than a detailed schedule.

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