Free Calculator
Mortgage Payment Estimate Calculator
Estimate your potential monthly housing payment by adjusting the purchase price, down payment, interest rate, taxes, insurance, and other common expenses.
Property and Loan Information
Estimated Monthly Expenses
Estimated Monthly Payment
- Principal and interest
- $1,516.96
- Taxes and insurance
- $325.00
- HOA and mortgage insurance
- $0.00
- Additional expenses
- $0.00
- Estimated Total Monthly Payment
- $1,841.96
Important disclaimer
This mortgage calculator is provided for general informational and educational purposes only. The results are estimates based solely on the information entered by the user and are not a loan estimate, loan application, loan approval, credit decision, lending commitment, or guarantee of financing, interest rate, monthly payment, closing costs, or loan terms. Actual loan availability, interest rates, payments, mortgage insurance, taxes, insurance premiums, fees, closing costs, and qualification requirements may vary based on the borrower, property, lender, loan program, credit history, income, debt obligations, market conditions, and other factors. Property taxes, homeowners insurance, HOA dues, mortgage insurance, and other expenses may change over time and may not be fully included in the estimate. Users should obtain loan estimates and financing information directly from qualified mortgage lenders. Nick Priest, The Key Team at RE/MAX Homefinders Realty, RE/MAX Homefinders Realty, and affiliated parties do not guarantee the accuracy or completeness of the calculator results and are not responsible for financial decisions made based on the estimates produced by this tool. Use of this calculator does not create a lender-borrower relationship, agency relationship, brokerage agreement, or contractual obligation.
Nick Priest is a real estate professional and does not provide mortgage lending, underwriting, credit approval, legal, tax, or financial advice. Mortgage products and loan decisions are provided by independently selected lending professionals.
Mortgage Payment Estimate
Prepared August 15, 2026
Entered Information
| Home purchase price | $300,000.00 |
| Down payment | $60,000.00 (20.00%) |
| Loan amount | $240,000.00 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Annual property taxes | $2,400.00 |
| Annual homeowners insurance | $1,500.00 |
| Monthly HOA dues | $0.00 |
| Monthly mortgage insurance | $0.00 |
| Additional monthly expenses | $0.00 |
Estimated Monthly Payment
| Principal and interest | $1,516.96 |
| Taxes | $200.00 |
| Insurance | $125.00 |
| HOA | $0.00 |
| Mortgage insurance | $0.00 |
| Additional expenses | $0.00 |
| Estimated total monthly payment | $1,841.96 |
Disclaimer
This mortgage calculator is provided for general informational and educational purposes only. The results are estimates based solely on the information entered by the user and are not a loan estimate, loan application, loan approval, credit decision, lending commitment, or guarantee of financing, interest rate, monthly payment, closing costs, or loan terms. Actual loan availability, interest rates, payments, mortgage insurance, taxes, insurance premiums, fees, closing costs, and qualification requirements may vary based on the borrower, property, lender, loan program, credit history, income, debt obligations, market conditions, and other factors. Property taxes, homeowners insurance, HOA dues, mortgage insurance, and other expenses may change over time and may not be fully included in the estimate. Users should obtain loan estimates and financing information directly from qualified mortgage lenders. Nick Priest, The Key Team at RE/MAX Homefinders Realty, RE/MAX Homefinders Realty, and affiliated parties do not guarantee the accuracy or completeness of the calculator results and are not responsible for financial decisions made based on the estimates produced by this tool. Use of this calculator does not create a lender-borrower relationship, agency relationship, brokerage agreement, or contractual obligation.
Nick Priest, REALTOR®
The Key Team at RE/MAX Homefinders Realty
(501) 837-2301 · keyteamnick@gmail.com
300 T.P. White Drive, Jacksonville, AR 72076
License #SA00086804