Monthly Payment
Conventional Mortgage Calculator
Estimate your monthly payment for a conventional mortgage including principal, interest, taxes, insurance, HOA, and PMI.
20%
Today's average as of October 30, 2026. Adjust to your quote.
Results
Total Monthly Payment
$2,749.63
Loan Amount$320,000
Principal & Interest$2,182.96
Property Tax$416.67
Insurance$150
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FAQ
Conventional Calculator Questions
Straight answers from a California mortgage broker.
Principal and interest on the loan, plus escrowed property tax and homeowners insurance (together called PITI). If you put down less than 20%, private mortgage insurance (PMI) is added until you reach 20% equity. HOA dues are paid separately but count toward qualifying.
When the down payment is under 20% the calculator assumes 0.5% of the loan amount per year, split monthly. Actual PMI depends on credit score and loan-to-value; enter your quoted figure to override the estimate.
Most lenders require 620 or higher. The best pricing starts around 740. NetCORE Lending shops 100+ wholesale lenders, so a mid-range score still has options.
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This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.
Reviewed by Joann Ton, Loan Officer (NMLS# 1461031) | Last updated: September 2026