Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.

MORTGAGE TERMS

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more you put down, the lower your payments will be or the more expensive a home you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan, so your monthly payment stays the same. Adjustable-rate mortgages (ARMs) start with a lower interest rate for a set period, then adjust over time. The main benefit is a lower initial rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Homeowners insurance is typically required by lenders, depending on the loan program. You can adjust this in the calculator settings.

HOA Fees

A homeowners association fee is a monthly cost for properties in managed communities. These fees help maintain and improve shared spaces and amenities.

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