Calculator

Mortgage Calculator

Estimate your monthly mortgage payment and see how different scenarios affect your costs.

Home Price

Down Payment ($)

(%)

Interest Rate (%)

Term (years)

Property Tax (annual)

Homeowners Insurance (annual)

HOA (annual)

PMI / MIP (annual)

Estimated Monthly Payment

$2,208

Principal & Interest$1,816

Property Tax$292

Insurance$100

Loan Amount

$280,000

Total Interest

$373,787

Total Cost

$653,787

Get Your Scenario Reviewed

These numbers are estimates. Talk to an advisor for a personalized analysis based on today's rates.

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How to Use This Calculator

Understanding the Inputs

Home Price: The purchase price of the property you're considering.

Down Payment: The amount you plan to pay upfront. A higher down payment means a smaller loan and lower monthly payments. Putting less than 20% down usually means you'll need mortgage insurance.

Interest Rate: The annual interest rate on your mortgage. Rates depend on your credit score, loan type, down payment, and market conditions.

Loan Term: How long you'll take to repay. 30-year terms have lower monthly payments but more total interest. 15-year terms save significantly on interest.

What the Results Mean

The monthly payment shown includes principal, interest, property taxes, insurance, HOA, and mortgage insurance (if applicable). This gives you a more realistic picture of your total housing cost than principal-and-interest alone.

Important Caveats

This calculator provides estimates only. Actual rates, payments, and costs will depend on your specific financial situation, the loan program, lender pricing, and property details. This is not a commitment to lend or a guarantee of any specific rate or terms.