Use our home loan calculator to estimate your mortgage payment. Simply enter the price of the home, your down payment, and details about the home loan to calculate your estimated monthly payment.
Total Monthly Payment:
$
Cost of house :
300,000
Downpayment:
60,000
Interest Rate:
4.4622
Period (In Years)
30
Property Tax
5,610
Home Insurance
1,260
HOA Dues
0
This is not a commitment to lend. Not all borrowers will qualify. This is for illustrative purposes only and estimates are based on information you provided. Interest rates, mortgage insurance rates, and programs are subject to credit approval and available rates and terms will vary, sometimes drastically, based on borrower eligibility and program selected. For accurate interest rates and mortgage insurance rates please contact your sales consultant. For illustrative purposes FHA/VA and USDA loan amounts will include an estimate for the financed upfront MI amount.
Mortgage Calculator Help
Our mortgage payments calculator can help you quickly estimate the monthly mortgage payments for your new home, including taxes, insurance and PMI. Here’s the info you’ll need to enter into the mortgage calculator:
Down Payment
Most home loans require a down payment of at least 3%.
A higher down payment will lower
your monthly payment
Loan Program
Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and 5/1 ARM in the calculator.
Property Tax
The mortgage payment calculator includes estimated property taxes based on the home's value.
You can edit this in the advanced options.
Home Price
Enter the purchase price of the home you want to buy.
You can also enter the amount
that you think you will offer.
Interest Rate
This is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
Home Insurance
Home insurance or homeowners insurance is typically required by lenders. You can edit this number in the mortgage calculator advanced options.
