Mortgage And Tax Escrow Calculator

Welcome to our Mortgage and Tax Escrow Calculator, a handy tool designed to help you estimate your monthly mortgage payments, including property taxes and insurance. Whether you’re a potential homebuyer or looking to refinance, this calculator simplifies the process of understanding your financial commitment.

Formula: The calculator uses a standard mortgage payment formula, incorporating the loan amount, interest rate, loan term, property tax, and insurance. The formula considers both principal and interest, providing you with a comprehensive monthly payment estimate.

How to Use:

  1. Enter the loan amount you’re considering.
  2. Input the annual interest rate.
  3. Specify the loan term in years.
  4. Enter the annual property tax.
  5. Input the annual insurance cost.
  6. Click the “Calculate” button to get your estimated monthly payment.

Example: Suppose you’re considering a $300,000 loan with a 4% interest rate over 30 years, and annual property taxes and insurance cost $3,000 and $1,200, respectively. By entering these values and clicking “Calculate,” you’ll obtain an estimated monthly payment tailored to your specific scenario.


  1. Q: Can I use this calculator for refinancing? A: Yes, this calculator is suitable for both new home purchases and refinancing scenarios.
  2. Q: What interest rate should I use? A: Input the annual interest rate provided by your lender for accurate results.
  3. Q: How frequently should I update the property tax and insurance values? A: Update these values annually to ensure the accuracy of your payment estimates.
  4. Q: Is the calculated monthly payment my final payment? A: The calculated amount includes principal and interest but does not include potential additional costs like HOA fees.

Conclusion: Our Mortgage and Tax Escrow Calculator is a valuable tool for anyone navigating the complex world of real estate finance. Use it to gain insights into your potential monthly payments and make informed decisions on your homeownership journey. Empower yourself with financial clarity and take the next step towards your dream home.

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