Mortgage Loan Calculator
Price of the home you wish to purchase
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The down payment you make on your home impacts what kind of mortgage you qualify for, how much money a lender will give you, and the loan's terms and conditions
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A shorter-term loan means a higher monthly payment, which makes the 15-year mortgage seem less affordable. But the shorter term makes the loan cheaper on several fronts. In fact, over the full life of a loan, a 30-year mortgage will end up costing more than double the 15-year option.
The term mortgage interest is the interest charged on a loan used to purchase a piece of property. The amount of interest owed is calculated as a percentage of the total amount of the mortgage issued by the lender.
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Zip code where you currently reside.
If you don't know your current score range we recommend getting and checking your credit report. There are 3 main credit agencies, you may wish to contact your specific lender to find out which one they'll be using.
Insurance to lender if downpaymen less than 20%, rates vary (default 1.2%)
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Tax on real estate; varies from state to state.
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Protection purchased to cover losses incurred from disasters or other events that cause damage to your home.
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Homeowners Associations (HOAs) charge fees monthly or quarterly for services that they provide.
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Estimated Monthly Payment
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What's next:
Compare loan rates and get pre-approved today!
| Label | Money |
|---|---|
| Principal & Interest | |
| Homeowner's Insurance | |
| Property Tax | |
| HOA Fees | |
| Private Mortgage Insurance | |
| Total monthly payment |
Ready to buy?
If you are planning to buy in the next 45 days, it's important to get pre-qualified since many sellers only consider pre-qualified offers.
Amortization Schedule
Estimated Payoff Date
DISCLAIMER
If you are planning to buy in the next 45 days, it's important to get pre-qualified since many sellers only consider pre-qualified offers.