Mortgage Calculator
Calculate your full monthly house payment: principal and interest plus property tax, homeowners insurance, PMI and HOA dues. Choose a state to use its average property tax rate.
Property tax is estimated using California's average effective rate of 0.71%. PMI of 0.6%/yr is applied automatically when your down payment is below 20%.
30-year fixed mortgage rate, historical average
6.90% in 2026 (YTD)View as table
| Year | Avg. rate |
|---|---|
| 2000 | 8.08% |
| 2001 | 7.01% |
| 2002 | 6.57% |
| 2003 | 5.89% |
| 2004 | 5.88% |
| 2005 | 5.93% |
| 2006 | 6.47% |
| 2007 | 6.40% |
| 2008 | 6.23% |
| 2009 | 5.38% |
| 2010 | 4.86% |
| 2011 | 4.65% |
| 2012 | 3.88% |
| 2013 | 4.16% |
| 2014 | 4.31% |
| 2015 | 3.99% |
| 2016 | 3.79% |
| 2017 | 4.14% |
| 2018 | 4.70% |
| 2019 | 4.13% |
| 2020 | 3.38% |
| 2021 | 3.15% |
| 2022 | 5.53% |
| 2023 | 7.00% |
| 2024 | 6.90% |
| 2025 | 6.66% |
| 2026 (YTD) | 6.90% |
U.S. national annual average, not specific to California. Source: Freddie Mac PMMS via Bankrate.
- Principal & interest84%$2,022.62
- Property tax10%$236.67
- Home insurance6%$150.00
How it works
Lenders call the full payment PITI: principal, interest, taxes and insurance. Principal and interest depend only on the loan amount, rate and term; property tax depends on where the home is, which is why the same $400,000 house costs hundreds of dollars more per month in some states.
If you put down less than 20%, most conventional loans add private mortgage insurance (PMI) until you reach 20% equity. The calculator adds PMI automatically when your down payment is under 20%.
Monthly payment on a $400,000 home in every state
20% down ($80,000), 6.5% fixed rate, 30 years, $1,800/year home insurance, no HOA. Principal and interest are the same everywhere; property tax makes the difference.
| # | State | Principal & interest | Property tax / month | Total monthly payment |
|---|---|---|---|---|
| 1 | Hawaii | $2,023 | $90 | $2,263 |
| 2 | Alabama | $2,023 | $127 | $2,299 |
| 3 | Colorado | $2,023 | $163 | $2,336 |
| 4 | Nevada | $2,023 | $163 | $2,336 |
| 5 | South Carolina | $2,023 | $170 | $2,343 |
| 6 | Arizona | $2,023 | $173 | $2,346 |
| 7 | Delaware | $2,023 | $177 | $2,349 |
| 8 | Idaho | $2,023 | $177 | $2,349 |
| 9 | Utah | $2,023 | $177 | $2,349 |
| 10 | West Virginia | $2,023 | $180 | $2,353 |
| 11 | Louisiana | $2,023 | $183 | $2,356 |
| 12 | Tennessee | $2,023 | $183 | $2,356 |
| 13 | Arkansas | $2,023 | $190 | $2,363 |
| 14 | District of Columbia | $2,023 | $193 | $2,366 |
| 15 | Wyoming | $2,023 | $193 | $2,366 |
| 16 | North Carolina | $2,023 | $233 | $2,406 |
| 17 | California | $2,023 | $237 | $2,409 |
| 18 | New Mexico | $2,023 | $240 | $2,413 |
| 19 | Indiana | $2,023 | $247 | $2,419 |
| 20 | Mississippi | $2,023 | $247 | $2,419 |
| 21 | Virginia | $2,023 | $247 | $2,419 |
| 22 | Montana | $2,023 | $250 | $2,423 |
| 23 | Kentucky | $2,023 | $257 | $2,429 |
| 24 | Florida | $2,023 | $263 | $2,436 |
| 25 | Georgia | $2,023 | $270 | $2,443 |
| 26 | Oklahoma | $2,023 | $273 | $2,446 |
| 27 | Oregon | $2,023 | $277 | $2,449 |
| 28 | Washington | $2,023 | $280 | $2,453 |
| 29 | Missouri | $2,023 | $293 | $2,466 |
| 30 | North Dakota | $2,023 | $330 | $2,503 |
| 31 | Maryland | $2,023 | $333 | $2,506 |
| 32 | Minnesota | $2,023 | $347 | $2,519 |
| 33 | South Dakota | $2,023 | $363 | $2,536 |
| 34 | Maine | $2,023 | $367 | $2,539 |
| 35 | Massachusetts | $2,023 | $370 | $2,543 |
| 36 | Alaska | $2,023 | $380 | $2,553 |
| 37 | Michigan | $2,023 | $427 | $2,599 |
| 38 | Kansas | $2,023 | $433 | $2,606 |
| 39 | Rhode Island | $2,023 | $440 | $2,613 |
| 40 | Pennsylvania | $2,023 | $450 | $2,623 |
| 41 | Ohio | $2,023 | $453 | $2,626 |
| 42 | Iowa | $2,023 | $477 | $2,649 |
| 43 | Nebraska | $2,023 | $500 | $2,673 |
| 44 | Wisconsin | $2,023 | $503 | $2,676 |
| 45 | Texas | $2,023 | $527 | $2,699 |
| 46 | New York | $2,023 | $533 | $2,706 |
| 47 | Vermont | $2,023 | $570 | $2,743 |
| 48 | New Hampshire | $2,023 | $590 | $2,763 |
| 49 | Connecticut | $2,023 | $640 | $2,813 |
| 50 | Illinois | $2,023 | $690 | $2,863 |
| 51 | New Jersey | $2,023 | $743 | $2,916 |
Mortgage Calculator by state
Frequently asked questions
What is included in a mortgage payment?+
Principal and interest on the loan, plus property tax and homeowners insurance (usually paid through escrow), and PMI if you put down less than 20%. HOA dues are paid separately but count toward what you can afford.
How much is the payment on a $400,000 house?+
With 20% down at 6.5% for 30 years, the total monthly payment ranges from about $2,263 in Hawaii to $2,916 in New Jersey, mostly because of property tax.
When does PMI go away?+
On a conventional loan you can ask to cancel PMI once you reach 20% equity, and it ends automatically at 22%. FHA loans have their own mortgage insurance rules.
Sources: WalletHub — Property Taxes by State, 2026; Freddie Mac PMMS via Bankrate — historical mortgage rates