Your home, your budget.
Plan your mortgage with confidence.
Take the guesswork out of home financing with our easy-to-use mortgage calculator. Whether you're buying your first home or refinancing, get a clear picture of your monthly payments and make informed decisions with confidence.
Enter the total home price you want to finance.
$100,000 down, $400,000 financed.
This is an approximate monthly repayment amount for your mortgage based on the given inputs.
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Frequently asked questions
What does this mortgage calculator include?
It estimates your monthly principal and interest from the loan amount, down payment, interest rate, and loan term, then adds monthly property taxes, homeowner's insurance, and HOA fees to show a full estimated payment.
Does this include PMI or mortgage insurance?
No. Private mortgage insurance is typically required when you put down less than 20% on a conventional loan, and FHA loans carry their own mortgage insurance premium. Those costs are not included here, so your real payment may be higher if you put down less than 20%.
How accurate is the estimate?
It uses the standard amortization formula, so the principal and interest figure is mathematically accurate for the inputs you provide. Your actual payment depends on the rate you are quoted, your local tax assessment, your insurance premium, and any escrow requirements from your lender.
What interest rate should I use?
Use a rate close to what lenders are currently quoting for your credit profile and loan type. Because the rate drives most of the payment, it is worth running the calculator at a few different rates to see how sensitive your budget is to rate changes.
This calculator provides estimates for educational purposes only and is not a loan offer, a commitment to lend, or financial advice. Your actual rate, payment, and costs depend on your lender, credit profile, and property.