Mortgage Calculator
Enter your details to estimate your monthly mortgage payment. All fields can be adjusted.
Estimated monthly payment
$2,218
Loan amount: $280,000
$1,770
Principal & Interest
$365
Taxes
$83
Insurance
Breakdown
How do I use the mortgage calculator?
The calculator will instantly display a sample monthly payment based on the data you provided. Keep in mind that your actual monthly payment will vary based on several factors, including credit score, current mortgage interest rate and your debt-to-income ratio.
Home Price
Enter the purchase price of the home you're considering.
Down Payment
Input your down payment as a dollar amount or percentage.
Loan Details
Select your loan term and enter the expected interest rate.
View Results
See your estimated monthly payment and breakdown instantly.
What's included in your payment?
Principal & Interest
The main portion of your payment that pays down the loan balance and covers interest charges.
Property Taxes
Annual taxes assessed by your local government, typically based on your home's assessed value.
Home Insurance
Required coverage to protect your home against damage, theft, and liability.
PMI
Private Mortgage Insurance required when your down payment is less than 20% of the home price.
HOA Fees
Monthly fees for homeowners associations, common in condos and planned communities.
Ready for real numbers?
Get pre-approved and see your actual rates and payments. No impact to your credit score.
Get Pre-ApprovedCalculator Disclaimer: This calculator is provided for educational purposes and should not be used to make financial decisions. Results are estimates only and do not constitute a loan offer or guarantee of rates or terms. Your actual payment will depend on your credit profile, loan amount, down payment, property type, and other factors. Contact us for personalized information. NMLS #2783717. Equal Housing Lender.