Know Before You Owe.
Mortgage Calculator
How to Use This Calculator
1. Enter the terms of the loan
This includes the home price, the down payment, the length of the loan (30 year vs 15 year), interest rate, and private mortgage insurance (PMI) if applicable - learn more about PMI below.
2. Estimate your projected additional costs
Research and understand what the estimated property taxes, school taxes, municipality taxes, HOA dues, etc that are tied to the property. (Zillow may be a good place to start or your local county property tax office.)
3. See your estimated monthly payment
This is your estimated mortgage payment. Put this payment into your budget (or create a budget if you don’t have one) to see if you can afford this payment.
Mortgage Calculator
- Principal and Interest: $0
- Property Taxes: $0
- Home Insurance: $0
- HOA Dues: $0
- PMI: $0
Payment Breakdown
Split between Principal & Interest, Taxes, Insurance, PMI, and HOA dues.
Build Your Budget (For Free) Talk with a Coach (Also Free)Mortgage Calculator Uses
A mortgage calculator makes it easy to accurately estimate your monthly mortgage payment. This is useful when trying to figure out how much home you can afford.
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Your monthly mortgage payment includes more than just the loan itself. Our Mortgage Calculator breaks it down for you—showing how much goes toward principal and interest, property taxes, homeowners insurance, and private mortgage insurance (PMI).
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Not sure which mortgage fits you best? Our Mortgage Calculator lets you compare the costs of different loan options—like 15-year vs. 30-year terms—and see how much interest you could save with a shorter loan. The difference might surprise you.
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Thinking about how much to offer on a home? Adjust the purchase price in our loan calculator to see how going above or below asking might affect your budget.
You can also explore how a larger down payment could work in your favor. Not only does it reduce the amount you need to borrow, but it could also lower your interest rate—and if you put down at least 20%, you might be able to skip private mortgage insurance (PMI) altogether.