Mortgage calculator
Monthly payment with principal, interest, property tax, insurance and common charges.
Updated October 12, 2026 · fact-checked against official sources
Estimated monthly payment
$5,898
Principal & interest$4,298
Property tax$750
Insurance$150
HOA / common charges$700
Loan amount$680,000
Total interest over 30 years$867,303
Common questions
What is included in a monthly mortgage payment?
Principal and interest on the loan, plus usually property tax and homeowners insurance (often paid through escrow). Condos add common charges; co-ops add maintenance, which already includes the building’s taxes.
How much down payment do I need in NYC?
Conventional loans allow as little as 3–5% down, but many NYC co-op boards require 20% or more. Under 20% down usually adds private mortgage insurance (PMI).
Fact-checked October 12, 2026
Initial version; re-verified in the October 2026 fact-check pass.
Sources
- What is private mortgage insurance? · CFPB (accessed October 12, 2026)
General information, not legal, tax or financial advice. Rules change; confirm with the agency or a professional before you act.