Rent vs Buy

Monthly Mortgage Payment Calculator

Estimate your full monthly cost of owning a home — mortgage principal & interest plus property tax, insurance, PMI, and HOA. Adjust the numbers to match your situation.

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$100,000 — no PMI

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Check current 30-year fixed rates from your lender.

years

30 years = lower monthly payment. 15 years = less interest overall.

Estimated total monthly payment

$3,691/mo

$400,000 loan over 30 years

Monthly breakdown

$3,691/mo

Mortgage
$2,608
Property tax
$458
Insurance
$208
Maintenance
$417

Estimates are for illustration only and assume a fixed-rate loan. Property tax, insurance, and maintenance are approximated from typical percentages of the home's value. Weighing renting instead? Try the Rent vs Buy calculator.