CALCULATE YOUR
MORTGAGE PAYMENT

A mortgage calculator is one of the most commonly used online mortgage tools for home shoppers, and for good reason. It can give you a good idea of whether or not you can afford a home loan and help you see what a particular home might cost.  The interest rate you get for your home loan can have a major impact on your monthly mortgage payment. You can see this impact by entering different interest rates into a mortgage calculator.

You can also play with the down payment amounts to see the impact of putting more or less money down. For example, a higher down payment will lower your monthly payments by reducing the amount of money you borrow.

Ready to buy? Take the first step and get pre-approved!

Man calculating mortgage with a calculator while mom and kids sit on the sofa in background

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
0.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


$

Principal & Interest
$
Home insurance
$
Property taxes
$

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