Mortgage Calculator

Planning to buy a home? Our mortgage calculator helps you understand your true monthly payment — not just your loan amount, but everything that comes with homeownership. Get instant estimates of your principal & interest, property taxes, homeowners insurance, HOA dues, and PMI, all in one place. Whether you’re comparing loan options or figuring out how much house you can afford, this tool gives you clarity before you sign.

How to Use the Mortgage Calculator

• Home Price: Enter the purchase price of the property you're considering.

• Down Payment (%): Specify what percentage of the price you plan to pay upfront. A higher down payment reduces your loan amount and may eliminate PMI (Private Mortgage Insurance).

• Interest Rate (%): Input the expected mortgage rate offered by your lender. This can be fixed or adjustable — most users enter current market rates.

• Loan Term (years): Select how long you intend to pay off the loan (e.g., 30-year or 15-year). Longer terms mean smaller monthly payments, but more interest over time.

• Advanced Options (optional but recommended for accuracy)

  • Annual Property Tax: Yearly taxes charged by your county/state

  • Annual Insurance: Homeowners insurance to protect your property

  • Monthly HOA Dues: Applicable for condos or communities with HOA

  • PMI Rate (%): Cost of private mortgage insurance if your down payment is below 20%

• Click “Calculate Now”: Your results will show:

  • A detailed monthly payment breakdown

  • A pie chart showing what portion of your payment goes toward each cost (principal, interest, taxes, insurance, HOA, PMI)

  • Total monthly payment in bold, so you can quickly plan your budget

⚠️ Disclaimer: Calculations are estimates for informational purposes only. Actual loan offers may include additional fees and costs.

Why This Matters

Buying a home involves more than just principal and interest. Costs like insurance, taxes, HOA dues, and PMI can significantly change what you pay each month. Our calculator gives you full transparency so you can:

• Determine how much house you can realistically afford

• Compare mortgage offers with different rates and terms

• Decide if paying more upfront (down payment) will save you money long-term

• Prepare your finances with greater confidence

The Mortgage Calculator is a powerful tool designed to help you take control of your home-buying journey. By exploring different loan scenarios from down payments and interest rates to taxes and insurance, you’ll gain a clearer picture of what to expect each month. Use this calculator to compare options, understand the true cost of ownership, and make confident, informed decisions as you move closer to owning your dream home.