---
title: "Mortgage Payment Calculator with Tax and Insurance | MCC"
description: "Enter loan amount, rate and term to get the monthly payment, with optional property tax and insurance. Free and private."
url: "https://mcc-solutionsnj.com/bookkeeping/mortgage-payment-calculator"
---

Free tool

# Mortgage payment calculator

## Overview

Work out the monthly principal and interest on a fixed-rate loan, plus tax and insurance if you add them.

[![Intuit ProAdvisor Gold tier badge](/img/credentials/intuit-proadvisor-gold.png)](https://proadvisor.intuit.com/app/accountant/search?searchId=matthew-coleman77)Gold tier in Intuit's ProAdvisor program. [See my Intuit listing](https://proadvisor.intuit.com/app/accountant/search?searchId=matthew-coleman77)

Want this tracked every month? Wrenfold keeps your budget on your own device. [See Wrenfold](/personal-finance)

Loan amount ($)

Interest rate (%)

Loan term (years)

Property tax per year ($) (optional)

Homeowners insurance per year ($) (optional)

Excel workbook · $19

### Home Buying Cost and Affordability Planner

Put in your income, debts and savings, then compare homes on the real monthly cost and the cash you need on closing day.

[See what is inside ($19)](/toolkits/home-buying-cost-planner) [Free sample](/toolkits/home-buying-cost-planner#free-starter)14-day full refund

Share

## Put this tool on your own site

Free to use. Paste this where you want it to appear. It runs in the visitor's browser, so nothing they enter is sent to us.

[See every calculator you can embed](/embed)

How it works

## How it works

**Monthly payment = loan x r / (1 - (1 + r)^-n)**, where r is the monthly rate and n the number of months. Tax and insurance are yearly amounts divided by 12.

FAQ

## About this calculator

**Does this include everything I will pay?**

No. It covers principal and interest, plus the tax and insurance you enter. Mortgage insurance, HOA dues and fees are not included.

**Is the rate I enter guaranteed?**

No. Use the rate in your lender's loan estimate for a real figure.

**Does it handle adjustable rates?**

No. It assumes a fixed rate for the whole term.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

**Is this tax or financial advice?**

No. It is a calculator for general information. Check the numbers against your own records, and ask an accountant before you act on them.

Read the guide: [Closing Costs First-Time Buyers Should Plan For](/tools/guides/closing-costs-first-time-buyers-should-plan-for). Related: [loan to value ratio calculator](/bookkeeping/loan-to-value-ratio-calculator), [business loan payment calculator](/bookkeeping/business-loan-payment-calculator). See [all free tools](/free-tools). More free tools: [Payout reconciliation calculator](/bookkeeping/stripe-square-payout-reconciliation-calculator), [Mileage deduction calculator](/bookkeeping/mileage-deduction-calculator), [ROI and payback calculator](/bookkeeping/roi-and-payback-calculator), or [see all free tools](/free-tools).

Free

### Month-End Close Checklist (PDF)

The five-day close, one page to print. Enter your email and we send a link to confirm it is yours, then the download. We may email you about new toolkits, and every email has an unsubscribe link.

General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

Keep this calculator on your phone: [Add MCC Money to your phone](/tools/mcc-money-app). It's free, works offline and holds 62 calculators.

Excel workbook

### Home Buying Cost and Affordability Planner

Put in your income, debts and savings, then compare homes on the real monthly cost and the cash you need on closing day.

[See what is inside ($19)](/toolkits/home-buying-cost-planner) [Try the free starter](/toolkits/home-buying-cost-planner#free-starter)

Also in the [Home and Big Purchase Bundle](/toolkits/home-and-big-purchase-bundle): 4 products for $55 instead of $76 separately.

Wrenfold

### Keep this going in a budget you own

Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.

[See Wrenfold](/personal-finance) [Compare the three apps](/software)

## Want your books and numbers handled?

[Free health check](/bookkeeping/health-check)[Call (908) 444-6373](tel:+19084446373)