Calculator
Mortgage payment
Prefills the desk 30-year average of 7.40% from Freddie Mac, week ending Oct 15, 2026. Change the rate if your quote differs from that survey average.
Estimated monthly
$2,767
P&I + taxes + insurance + HOA + PMI
Principal & interest
$2,275
Loan amount
$328,560
Down payment
$82,140
Lifetime interest
$490,398
No PMI at a 20%+ down payment.
Have extra cash? See whether paying down the mortgage or keeping it in a high-yield savings account comes out ahead →
Common questions
- What is the latest 30-year mortgage rate in this survey?
- Freddie Mac’s survey printed 7.40% for the week ending Oct 15, 2026, up 0 basis points from the prior week.
- How is the monthly payment calculated?
- Standard amortizing formula on the loan amount. Property tax and insurance are divided by 12. PMI is estimated at 0.55% of the loan per year when the down payment is under 20%.
- Does this include closing costs?
- No. Use the refinance calculator if you are comparing a new loan’s closing costs against payment savings.
Related tools
- Home affordabilityBack into a purchase price from take-home pay, debts, and a 28/36 rule.
- Auto loanPayment, interest, and total cost by credit tier using Q2 2026 APRs.
- Refinance break-evenMonths to recoup closing costs against the latest 30-year rate.
- Stay or refinanceHonest verdict if you locked near 3% versus the latest 30-year average.
Learn more
- 15-Year vs. 30-Year Mortgage: How to Choose the Right Term
- Mortgage Points Explained: When Paying to Lower Your Rate Makes Sense
- PMI Explained: What Private Mortgage Insurance Costs and How to Remove It
- Fixed vs. Adjustable-Rate Mortgage: How ARMs Work and Who They Suit
- Closing Costs Explained: What You Pay at a Mortgage Closing and Why