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
Enter the purchase price of the home you want to buy. You can also enter the amount that you think you will offer.
Most home loans require a down payment of at least 3%. A higher down payment will lower your monthly payment.
This is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
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.