/Mortgage calculator
Mortgage calculator 2017-12-12T09:55:34+00:00

Mortgage payment calculator

Use our mortgage calculator to estimate your mortgage payment. Simply enter the price of the home, your down payment, and details about the home loan to calculate your mortgage payment breakdown.

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Mortgage payment calculator Help

Our mortgage payments calculator can help you quickly estimate the monthly mortgage payments for your new home, including taxes, insurance and PMI. Here’s the info you’ll need to enter into the mortgage calculator

Total Amount
Enter the purchase price of the home you want to buy. You can also enter the amount that you think you will offer.

Down payment
Most home loans require a down payment of at least 3%. A higher down payment will lower your monthly payment.

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

Amortization period
Enter number of years for you loan. Usually it is 20, 25 or 30.

Calculate different scenarios

Considering what to offer on a new home? Use our mortgage calculator to estimate and compare the monthly payments for different offer scenarios. Change the home price in the loan calculator to see if it is going under or above the asking price that still fits within your budget.

You can also use our mortgage payment calculator to see the impact of making a higher down payment. A higher down payment will lower your monthly payments, not only because it reduces the amount of money you borrow, but it can sometimes help you qualify for a lower interest rate.