Step 2 of 3 · Check the payment

See the monthly cost of your home

Put a price to the test, including taxes, insurance, and association dues.

Conventional fixed-rate planning for a primary home in the U.S. Assumptions & sources

Your numbers

Your inputs stay together as you move through the tools. Replace the samples with your own estimates.

Home price ($)

Use a listing price or a price you want to explore.

Down payment ($)

Money toward the home price. Keep closing costs and your emergency savings separate.

Loan assumptions & monthly costs

These are editable examples, not lender quotes. Taxes, insurance, and dues can change over time.

Interest rate (% / year)

6.5% is a sample, not a current quote. Replace it with a lender’s offered rate (not APR).

Loan term

How many years you have to repay the loan.

Property tax rate (% / year)

Ask the local assessor about taxes after purchase. Annual tax ÷ home price × 100 gives the rate.

Homeowners insurance ($ / month)

Ask an insurer for a quote. Divide a yearly premium by 12. Flood insurance may be extra.

Homeowners association dues ($ / month)

HOA fees help pay for shared services. Check the listing or association documents; enter 0 if none.

Private mortgage insurance rate (% / year)

PMI protects the lender. We use a sample 0.5% of the loan yearly below 20% down. Ask your lender for your rate.

Estimated monthly payment

$1,929

30-year fixed rate at 6.5%. Down payment: $20,000 (8.0%).

This is a monthly housing-cost estimate, not just your loan payment. Some bills may be paid separately from your mortgage.

See what this payment leaves for everyday life →

Monthly cost breakdown

Principal & interest: $1,454
Property taxes: $229
Homeowners insurance: $150
Private mortgage insurance: $96
Association dues: $0

What do these costs mean?

Principal & interest repays what you borrow and pays the cost of the loan. Taxes and homeowners insurance are ongoing ownership costs. Private mortgage insurance (PMI) protects the lender, not your home. Association dues pay for shared services, if the home has an association.

Loan amount: $230,000. PMI uses 0.5% of the loan yearly. Ask your lender for the actual cost and cancellation rules.

This is the estimated initial housing payment. Allow separately for utilities, maintenance, repairs, and your savings goals. Closing costs are planned in step 3.

Amounts are rounded to whole dollars. Rounded lines may not add up exactly.

Next: plan your savings →

Keep your plan handy

No account needed. Your working numbers stay in this tab as you navigate. Saving stores one plan in this browser on this device; nothing is saved automatically. Use print to save a PDF.

A starting point for a conversation

These tools provide educational estimates, not financial advice or a loan offer. FHA, VA, and USDA loans have different insurance or fee rules. Confirm actual costs, eligibility, and credits with your lender and closing agent.

Read how the estimates work and check the sources

Your current assumptions at a glance

Home price: 250,000 $
Down payment: 20,000 $
Interest rate: 6.5 % / year
Loan term: 30 years
Property tax rate: 1.1 % / year
Homeowners insurance: 150 $ / month
Homeowners association dues: 0 $ / month
Private mortgage insurance rate: 0.5 % / year