Purchase Mortgage Calculator

Estimate Your Monthly Mortgage Payment – Instantly

Buying a home in Maineville, Mason, or anywhere in Ohio? Use this free Ohio purchase mortgage calculator to get a quick estimate of your monthly mortgage payment — including principal, interest, property taxes, homeowners insurance, and any HOA fees.

Not sure how much house you can afford? This tool gives you a fast, realistic look at your monthly costs — so you can plan with confidence before you start house hunting.

Mortgage Details

Purchase Price ($)

Mortgage Term

Down Payment: 5% ($15,000)

Interest Rate: 7.000%

Annual Taxes: 1.1% ($3,300)

Annual Insurance: $1,500

Monthly HOA ($)

Total Monthly Payment

$2,296.11

+ PMI if applicable

+ HOA Dues ($50.00)

Principal & Interest: $1,896.11

Monthly Property Taxes: $275.00

Monthly Insurance: $125.00

The mortgage payment calculators found on tcstrait.com are for estimation purposes only. Their results do not reflect all loan programs. They are subject to specific loan program limits. Qualification, rates and payments will vary based on timing and individual circumstances. They are not a commitment to lend. They do not include all fees.

How This Mortgage Calculator Works

Simply enter your numbers and the calculator does the rest. Your total monthly mortgage payment will update instantly — broken down by principal & interest, taxes, insurance, and HOA.

Why Calculating Your Mortgage Payment Matters

Before you fall in love with a house, it’s smart to know what the payment looks like. This tool is designed to help you compare scenarios and figure out what fits your budget — whether you’re a first-time buyer or upgrading to your next home.

If you’re also thinking about refinancing, comparing loan options, or figuring out affordability — check out these tools:

About T.C. Strait / Mortgage Loan Officer

This calculator was built by T.C. Strait, a licensed mortgage broker based in Maineville, OH, with over 20 years of experience helping homeowners across Ohio.

He believes in transparency, availability, and doing things the right way, no sales gimmicks, just smart mortgage advice.

Frequently Asked Questions

Does this mortgage calculator include everything in my mortgage payment?

Yes. It breaks down principal & interest, plus estimates for taxes, insurance, and HOA. These are the main components of a typical monthly mortgage payment.

How do I know what numbers to enter?

Use your best estimates. If you’re not sure about the interest rate or taxes, try a few different scenarios — or reach out and I can help guide you.

What’s a typical down payment?

You don’t need 20%. Many buyers put down 5% or less. Play with the percentages to see how your monthly payment changes.

How can I lower my monthly payment?

A larger down payment, a longer loan term, or a lower interest rate can help reduce your payment. This tool lets you test those variables instantly.

What if I want to talk through my numbers with someone?

That’s what I’m here for. No pressure, no cost, just honest advice. Contact me

Ready to Get Pre-Approved?

If you’re ready to take the next step, I’m here to help you run the numbers, explain your options, and get you pre-approved with confidence. Get Pre-Approved Now