$ US Dollar

Mortgage Calculator for the United States

Calculate your monthly mortgage payment with PMI, property taxes, and insurance for American homebuyers.

Typical Rate

6%

Common Term

30 years

Min Down Payment

3%

Max Term

30 years

Calculate Your Mortgage Payment in USD

Enter the home price and loan details to estimate your monthly payment. Default values are based on typical United States market conditions.

Home Price

Currency:
$

Down Payment

$0
0% 50%

20% of home price

$

Loan Details

Additional Monthly Costs

Optional: Include property tax and insurance in your monthly estimate

$

Monthly Payment

$0
per month
Principal & Interest $0
Property Tax $0
Home Insurance $0
Total Monthly $0

Loan Summary

Loan Amount $0
Total of Payments $0
Total Interest Paid $0

Mortgage Tips for United States

1

Put down 20% or more to avoid PMI and reduce monthly payments

2

Consider a 15-year mortgage for lower total interest paid

3

Shop around with multiple lenders - rates can vary significantly

4

Factor in property taxes, which vary by state and county

5

Budget for closing costs (typically 2-5% of home price)

Important Considerations in United States

  • PMI is required for down payments less than 20%
  • Property tax rates vary significantly by state (0.3% to 2.5%)
  • HOA fees may apply for condos and planned communities
  • Mortgage interest is tax-deductible (consult a tax advisor)

Frequently Asked Questions

What is the typical mortgage term in United States?

In United States, common mortgage terms are 15, 20, 30 years. The most popular option is 30 years, balancing monthly affordability with total interest paid. The maximum term typically available is 30 years.

What is the minimum down payment required?

The minimum down payment in United States is typically 3% of the home price. However, if your down payment is less than 20%, you'll typically need to pay PMI (Private Mortgage Insurance), which adds to your monthly costs. A 20% down payment is often recommended to get the best terms.

How much would a typical monthly payment be?

For a $415,000 home with 20% down ($83,000) at 6% for 30 years, the principal and interest payment would be approximately $1,991 per month. Add property taxes and insurance for your total housing payment.

Does this calculator need my bank information?

No. This calculator is 100% private. There's no bank connection, no account creation, and no data collection. Everything is calculated in your browser and never sent anywhere. Your financial privacy is completely protected.

Other Country Calculators

£ United Kingdom C$ Canada A$ Australia ₹ India

Budgeting Tips & Guides

Simple Budget Tracking Without Spreadsheets or Stress

Simple Budget Tracking Without Spreadsheets or Stress

Discover budget tracking methods that don't require spreadsheets, complex apps, or hours of your time

7 min readBudgeting Basics
Single Mom Budget Guide: How to Make Every Dollar Count in 2026

Single Mom Budget Guide: How to Make Every Dollar Count in 2026

The complete single mom budget guide for 2026. Realistic budgeting strategies, money-saving tips, and financial advice that works with your actual life—not some idealized version.

15 min readFamily Finance
The 50/30/20 Rule: The Simplest Budget That Works

The 50/30/20 Rule: The Simplest Budget That Works

The 50/30/20 budget rule divides your after-tax income into three simple categories: needs, wants, and savings. Learn how this flexible framework can work for any income level.

8 min readFinance Skills

Track Your Budget While Saving for a Home

Download BUDGT to track your daily spending and build your down payment faster.

Download for iOS