Calculate Your Mortgage Payment
Your mortgage is a cornerstone of your home purchase. Accordingly, you need to determine the mortgage terms that are right for you. You likely have an idea of how much you can pay each month toward your home loan, but you're not sure how the giant numbers in the total purchase price translate into a monthly payment over 30 years.
Our calculator can help. With it, you can get a general idea of what your monthly mortgage payment would be with various interest rates and down payments.
This tool can give you a general idea of what mortgage type fits your situation, and what kinds of monthly payments you can afford. These numbers are estimates and should be taken as such, but they can be helpful for your planning process.
How to use this calculator
Enter your home value, mortgage term, down payment, and interest rate below to get started. Play around with the numbers to get a ballpark idea of what you can afford. Remember, lenders will require you to purchase home insurance, so you'll need to leave room in your budget for it.