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Need help?

This versatile mortgage calculator is a great tool to estimate how much you’ll pay each month.

Home price

Input the price of the home you want/wish/hope to buy. Modify the price to determine how price influences the down payment, loan amount, and/or monthly payment.

Down payment

Most home loans require a down payment of at least 3% of the purchase price. Higher the down payment, the lower your monthly mortgage payment will be.

Loan program

From the dropdown menu, select either a 30-year or a 15-year loan term. Each program determines the interest rate and payment terms.

Interest rate

Your rate will vary based on factors like credit scores and down payment amount.

Property tax

Include a property tax estimate (in the advanced calculator options) to determine a complete monthly payment. Property taxes are a function of the home's value.

Home insurance

Home insurance (in the advanced calculator options) protects the homeowner’s investment. For homes with mortgages, a lender requires the purchase of insurance to protect their investment.

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Follow the guide throughout your next home buying experience to ensure you don't miss any important steps along the way. Download your FREE copy today!

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