Mortgage Payment Calculator! Purchase price Please enter here the amount you expect to pay for a home. Enter a value Down payment Down payment is cash that you pay upfront for your home. 0.0% Enter a value Term in years Number of years you have to pay. years Enter a value Interest rate (per year) The percentage of interest that you will pay on your mortgage for a specific term. % Enter a value Property tax Enter your property tax here if you know it. per year Enter a value Home insurance Most lenders require home insurance. Enter its price here. per year Enter a value PMI PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%. per month Enter a value Your total monthly payment: $ Your total monthly payment $ Principal & Interest $ Note – This calculator is based solely off of the information that you provide.