Mortgage Calculator

Enter the house price, interest rate, length of the loan, your down payment, insurance and taxes to see how much your monthly mortgage payment will be:


Monthly Insurance & Taxes


Total Monthly Payments
Including Taxes, Insurance, and Mortgage Insurance if applicable


Welcome to our Mortgage Calculator! Buying a home is a significant financial decision, and understanding your mortgage payments is crucial for effective financial planning. Our mortgage calculator is designed to help you estimate your monthly mortgage payments based on various factors, making the home buying process more transparent and manageable.

How to Use the Mortgage Calculator

Using our Mortgage Calculator is straightforward. Follow these steps to estimate your monthly mortgage payments:

  1. Loan Amount: Input the total amount you plan to borrow for your mortgage.
  2. Interest Rate: Enter the annual interest rate offered by your lender.
  3. Loan Term: Specify the number of years over which you will repay the mortgage.
  4. Down Payment: If you have a down payment, enter the amount. If not, you can leave this field blank.
  5. Property Taxes: Input the annual property tax amount for the home you're considering.
  6. Home Insurance: Enter the annual cost of homeowners' insurance.
  7. Private Mortgage Insurance (PMI): If required, specify the annual cost of PMI.
  8. Click "Calculate Mortgage": Hit the button, and our calculator will provide you with an estimate of your monthly mortgage payments.

Understanding Your Mortgage Estimate

Once you've entered the required information, our calculator will provide you with an estimate of your monthly mortgage payments. This includes both the principal (the loan amount) and the interest, as well as any additional costs like property taxes, insurance, and PMI if applicable.

Types of Mortgage Calculators

Mortgage calculators come in various forms, each designed to address specific financial considerations. Here are some common types:

1. Basic Mortgage Calculator

This calculator provides a straightforward estimate of your monthly mortgage payments based on the loan amount, interest rate, and loan term.

2. Refinance Calculator

If you're considering refinancing your existing mortgage, a refinance calculator can help you determine potential savings and new monthly payment amounts.

3. Amortization Calculator

An amortization calculator provides a detailed breakdown of each monthly payment, showcasing how much goes toward principal and interest over time.

4. Affordability Calculator

This tool helps you establish a realistic budget by considering your income, expenses, and desired down payment to determine the maximum mortgage amount you can afford.

Why a Mortgage Calculator Matters

Using a Mortgage Calculator has several benefits:

  1. Financial Planning: It helps you plan your budget by providing an estimate of your monthly housing expenses.
  2. Comparison: You can compare different loan scenarios to choose the mortgage that best fits your financial situation.
  3. Budgeting: Understanding your mortgage payments is essential for effective budgeting when purchasing a home.
  4. Informed Decision-Making: It empowers you to make informed decisions about your home purchase.
  5. Preparation: You can prepare for homeownership by knowing what to expect in terms of monthly expenses.

Our Mortgage Calculator is a valuable tool for estimating your monthly mortgage payments, helping you make informed decisions when buying a home. Remember that this estimate provides a general overview of your costs and doesn't include other factors like utility bills, maintenance, and unexpected expenses. It's advisable to consult with a mortgage lender or financial advisor for a more accurate assessment of your specific situation and mortgage options.