Mortgage Calculator — USA (2026)
Calculate your full US monthly payment — principal, interest, property tax, PMI and HOA — with a complete amortization schedule.
2026 rates · Last reviewed: 2026
Amortization schedule
First year monthly, then year-end balances (principal & interest only).
| Payment | Principal | Interest | Balance |
|---|
What's in a US monthly payment
A US mortgage payment is often called PITI: Principal, Interest, Taxes and Insurance. This calculator breaks out principal & interest, adds your property tax, includes PMI when applicable, and lets you add HOA dues for a realistic total.
PMI: private mortgage insurance
If you put down less than 20%, lenders typically require PMI, which protects the lender (not you) and adds to your monthly cost — commonly around 0.5% of the loan per year. Unlike Canada's CMHC, PMI usually isn't added to the loan; it's a monthly charge that can be removed once you reach about 20% equity.
Property tax and HOA
Property tax varies enormously by location — from well under 1% to over 2% of home value per year. HOA dues apply to many condos and planned communities. Both materially change affordability, so they're included here.
Reading the schedule
The amortization table shows how each payment splits between principal and interest. Early on it's mostly interest; see our guide for how extra payments cut total interest.
This calculator provides estimates for general information only and is not financial or tax advice. See our disclaimer.