Mortgage Calculator

Calculate your monthly mortgage payment and see how much you can afford

Mortgage Payment Calculator

How to Use

  • Enter your loan amount (home price minus down payment)
  • Input the annual interest rate (APR)
  • Choose your loan term in years (typically 15 or 30)
  • See your estimated monthly payment instantly

What's Included in Your Payment

  • Principal & Interest: The base loan payment
  • Property Taxes: Annual taxes divided by 12
  • Insurance: Homeowner's insurance premium
  • PMI: If down payment is less than 20%

Tips for Better Rates

  • Improve your credit score before applying
  • Save for a larger down payment (20% or more)
  • Shop around with multiple lenders
  • Consider shorter loan terms for lower rates