Try Our Mortgage Calculator
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 10 years will add up to $0.
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Mortgage Help

Down Payment

The typical rule of thumb is to pay 20% of the home's price as your down payment, although some mortgage loans require as little as 5% down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and variable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same. Two benefits to this loan type are stability, and being able to calculate your total interest up front. variable-rate mortgages have interest rates that can change over time following the market. There are both fixed payment variable rate mortgages and true variable payment, variable rate mortgages. The main benefit of an adjustable-rate loan is that if the market rates go down, your mortgages rate will also go down.

Interest Rate

This field is pre-filled with an example of a current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

Condo / POTL Fees

A Condo/POTL fee is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving the building(s) or common elements in the association.