Run the numbers
Mortgage payment calculator.
Most calculators only show principal and interest, which is why the real payment feels like a surprise later. This one includes taxes, insurance, mortgage insurance and HOA dues.
Your scenario
Mortgage insurance is automatically excluded once your down payment reaches 20%. Minnesota property tax rates vary widely by city and county — adjust to match the property you’re considering.
Estimated monthly payment
$3,117
- Principal & interest
- $2,418
- Property taxes (est.)
- $390
- Homeowners insurance
- $150
- Mortgage insurance
- $159
- HOA dues
- $0
- Loan amount
- $382,500
- Down payment
- $42,500
- Total interest over the full term
- $487,858
Want the real number?
An estimate is a starting point. A pre-approval gives you an actual rate, actual taxes for that address, and a payment you can plan around.
This calculator is an educational estimate only. It is not a rate quote, a Loan Estimate, an offer to lend, or a commitment to lend. Actual rates, payments, taxes, insurance and mortgage insurance depend on credit, property, occupancy, program and market conditions at the time of application. Amounts shown do not include all possible costs.