2026 rules • USD • Purchase & refinance

US Mortgage & Refinance Calculator 2026

Estimate your full monthly house payment (principal, interest, property tax, homeowners insurance, mortgage insurance and HOA) for Conventional, FHA, VA, USDA and Jumbo loans, or test whether refinancing saves money with break-even, lifetime savings and cash-out analysis.

PITI + HOAPMI auto-cancel at 78%FHA MIP & VA funding fee2026 conforming limit $832,750Extra paymentsRefinance break-evenOne-page PDF report

1Home & loan

Home price ($)

Loan type

Down payment (%)Minimum 3% for conventional

Loan term

Interest rate (%)

Discount points (% of loan)Paid at closing to lower the rate

PMI rate (% of loan per year)Conventional only, when down payment is under 20%

VA funding fee status

County conforming loan limit ($)2026 baseline $832,750; high-cost up to $1,249,125

2Taxes, insurance & fees

Property tax rate (% of value per year)

Homeowners insurance ($ per year)

HOA / condo dues ($ per month)

Other closing costs (% of price)Lender, title, appraisal, recording, prepaids

Extra principal payment ($ per month)

First payment month

3Affordability (optional)

Gross monthly income ($)

Other monthly debt payments ($)Car, student loans, card minimums

1Current mortgage

Current loan balance ($)

Current interest rate (%)

Years remaining on current loan

Current monthly PMI / MIP ($)

Current home value ($)

Years you plan to keep the loan

2New loan

New interest rate (%)

New loan term

Cash-out amount ($)Conventional cash-out usually capped at 80% LTV

Discount points (% of new loan)

Closing costs ($)Typically 2% to 5% of the loan

How will you pay closing costs?

New PMI rate if LTV over 80% (%)

Extra principal on new loan ($/month)

Borrower name (optional, for the PDF)

Property address (optional)

Total monthly payment

$0.00

Click “Calculate”

Principal & interestProperty taxInsuranceMortgage insuranceHOA

Breakdown

Item	Monthly	Total

Amortization by year

Year	Principal	Interest	Mortgage ins.	Balance

US mortgage rules this calculator follows

Conforming loan limits

For 2026 the FHFA baseline limit for a one-unit home is $832,750, rising to $1,249,125 in high-cost counties (Alaska, Hawaii, Guam and the U.S. Virgin Islands have higher limits). Larger loans are jumbo loans with stricter rules.

Private mortgage insurance (PMI)

Conventional loans with less than 20% down usually need PMI. Under the Homeowners Protection Act, you can ask to cancel it at 80% of the original value, and it ends automatically when the balance is scheduled to reach 78%.

FHA mortgage insurance

FHA loans charge a 1.75% upfront premium (usually financed) plus an annual premium, most often 0.55% on 30-year loans with 3.5% down. With less than 10% down it lasts the life of the loan; with 10% or more it ends after 11 years.

VA funding fee

VA loans have no monthly mortgage insurance. A one-time funding fee applies: 2.15% first use or 3.3% later use with under 5% down, 1.5% with 5% down, and 1.25% with 10% down. Veterans receiving disability compensation are exempt.

Ability to repay

Lenders must verify you can repay under the CFPB Ability-to-Repay / Qualified Mortgage rule. Most lenders look for a total debt-to-income ratio around 43% to 50%, and a housing ratio near 28% to 31%.

Refinancing & taxes

A refinance makes sense when monthly savings recover closing costs before you sell (the break-even point). Mortgage interest on up to $750,000 of acquisition debt can be itemized; points on a refinance are usually deducted over the life of the loan.

Disclaimer: This calculator gives estimates using 2026 FHFA conforming loan limits, HUD FHA premium rules for standard loan amounts and VA funding fee rates. USDA fees (1% upfront guarantee, 0.35% annual) and PMI rates are typical market values, not guaranteed. Actual rates, mortgage insurance, taxes and closing costs depend on your lender, credit score, county and property. It is not a Loan Estimate or an offer to lend, and it is not financial, tax or legal advice.

Mortgage Payment Report – 2026

The Business Explore • US mortgage & refinance calculator (USD)

Date:
Ref:

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Breakdown

Item	Monthly	Total

Amortization by year

Year	Principal	Interest	Mort. ins.	Balance

Basis: FHFA 2026 conforming loan limits, HUD FHA MIP (Mortgagee Letter 2023-05), VA funding fee schedule (38 U.S.C. 3729), Homeowners Protection Act PMI rules, CFPB Ability-to-Repay guidance. This is an estimate, not a Loan Estimate or offer to lend.

Prepared with The Business Explore US mortgage & refinance calculator • All amounts in US Dollars (USD)