Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Enter the price of the home, your down payment, and details about the home loan to calculate your mortgage payment, schedule, and more.
Down Payment: You’ve got options! While 20% is common, some loans require as little as 3.5%. Remember: The more you put down, the lower your monthly payments and the bigger the house you can afford!
Loan Term: Choose your repayment timeline! Opt for a 30-year fixed rate for predictable payments or a 15-year fixed rate for faster payoff and lower interest. Use the calculator to explore your options!
Loan Type: Fixed-rate offers stability and predictable payments throughout the loan term. Adjustable-rate (ARM) starts lower but can fluctuate, potentially saving money upfront. Weigh your risk tolerance and financial goals!
Interest Rate: Get a head start with the current average rate, but remember yours will vary based on your credit score and down payment. Use the calculator to see personalized estimates!
Property Taxes & Insurance: These costs add to your monthly payment. Estimate property taxes based on the home’s value and factor in homeowners insurance, typically required by lenders.
HOA Fees: Living in a community with shared amenities? HOA fees contribute to maintaining and improving the property.