How it works
Monthly loan payment = P × r / (1 − (1+r)^−n); add annual property tax/12, annual insurance/12 and monthly fees.
Input definitions
- Mortgage principal
- Enter the value in the labeled unit.
- Nominal annual interest (%)
- Enter the value in the labeled unit.
- Term in whole years
- Enter the value in the labeled unit.
- Annual property tax
- Enter the value in the labeled unit.
- Annual home insurance
- Enter the value in the labeled unit.
- Monthly association/service fees
- Enter the value in the labeled unit.
A worked example
- Mortgage principal
- 240000
- Nominal annual interest (%)
- 6
- Term in whole years
- 30
- Annual property tax
- 2400
- Annual home insurance
- 1200
- Monthly association/service fees
- 50
Assumptions & limits
Fixed-rate monthly amortization, nominal annual rate divided by 12; common US-style illustration. Not Canadian semi-annual compounding, lender APR, an approval quote or a full escrow schedule. Excludes mortgage insurance, closing costs and rate changes.
Sources & review
Maintained by AnsRio. Methods and examples use automated checks; this does not imply independent professional certification.
Method updated 2026-10-17. Content checked against the stated method and examples. Our verification approach.
Common questions
Are these investment and borrowing results guaranteed?
No. These are deterministic estimates from the inputs and stated method, not predicted returns or lending offers. Actual fees, tax, timing and contractual terms may differ.
How does the Mortgage payment with taxes and insurance tool work?
Monthly loan payment = P × r / (1 − (1+r)^−n); add annual property tax/12, annual insurance/12 and monthly fees.
What are the assumptions and limits of Mortgage payment with taxes and insurance?
Fixed-rate monthly amortization, nominal annual rate divided by 12; common US-style illustration. Not Canadian semi-annual compounding, lender APR, an approval quote or a full escrow schedule. Excludes mortgage insurance, closing costs and rate changes.