Mortgage Loan Calculator

Price of the home you wish to purchase
The down payment you make on your home impacts what kind of mortgage you qualify for, how much money a lender will give you, and the loan's terms and conditions
A shorter-term loan means a higher monthly payment, which makes the 15-year mortgage seem less affordable. But the shorter term makes the loan cheaper on several fronts. In fact, over the full life of a loan, a 30-year mortgage will end up costing more than double the 15-year option.
The term mortgage interest is the interest charged on a loan used to purchase a piece of property. The amount of interest owed is calculated as a percentage of the total amount of the mortgage issued by the lender.
Zip code where you currently reside.
If you don't know your current score range we recommend getting and checking your credit report. There are 3 main credit agencies, you may wish to contact your specific lender to find out which one they'll be using.
Insurance to lender if downpaymen less than 20%, rates vary (default 1.2%)
Tax on real estate; varies from state to state.
Protection purchased to cover losses incurred from disasters or other events that cause damage to your home.
Homeowners Associations (HOAs) charge fees monthly or quarterly for services that they provide.

Estimated Monthly Payment

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Compare loan rates and get pre-approved today!

How is my monthly payment calculated?
Label Money
Principal & Interest
Homeowner's Insurance
Property Tax
HOA Fees
Private Mortgage Insurance
Total monthly payment

Ready to buy?

If you are planning to buy in the next 45 days, it's important to get pre-qualified since many sellers only consider pre-qualified offers.

Amortization Schedule

Estimated Payoff Date

Payment Date Payment Principal Interest Balance

DISCLAIMER

If you are planning to buy in the next 45 days, it's important to get pre-qualified since many sellers only consider pre-qualified offers.

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