Use this interactive calculator to estimate your monthly payment. Quickly see how much interest you could pay and your estimated principal balances. Start by selecting your mortgage details on the right and the calculator will update automatically. Click the plus icon or hover over the chart to see the amount of each breakdown. You can even see how much you will pay over the life of your loan as well as the estimated monthly amortized schedule by clicking “Over time” and “Amortization” in the view bar.
This tool calculates your monthly mortgage payment for a given purchase price, down payment, interest rate, and loan term.
If the loan amount is more than 80% of the home’s purchase price, the calculator estimates a monthly amount for private mortgage insurance (PMI). Mortgage lenders generally require that you obtain mortgage insurance if your down payment is less than 20% of the home purchase price.
This mortgage calculator is for illustrative purposes only and is not a guarantee. The monthly payment illustration on this tool does not include amounts for property taxes, insurance premiums, homeowner’s association dues, or other factors that potentially could affect your monthly payment. Therefore, your actual monthly payment will be higher. Interest rates change frequently and without notice. Financing availability and terms will depend on your situation. Assumes you are purchasing a single family home and primary residence. Rate is fixed. Debt-to-income ratio is less than 41% and excellent credit. These assumptions are subject to change without notice.