Mortgage Payment Calculator

There’s a lot that goes into calculating your true housing costs.

Chances are you’ll be paying for your new home for decades to come, so it’s a good idea to figure out how much you might owe each month before taking on that commitment. With our mortgage payment calculator, you can do just that. To calculate your monthly payment, you’ll start with the purchase price of your home, and then factor in the loan length, interest rate, down payment, insurance costs, and estimated property taxes. 

Estimate how much you can afford with our mortgage payment calculator

To use our mortgage payment calculator, we recommend you have the following items ready:

• Purchase price: the total amount you agree to pay for the house
• Down payment: the initial payment made toward the home's purchase price
• Annual property tax: the amount you pay each year to your local government for owning your property.
• Monthly HOA dues: if applicable, a fee you pay each month to your Homeowners Association (HOA) for community upkeep and services
• Annual home insurance: the yearly cost of insurance that protects your home from damage or loss
• Term: the length of time (in months) you have to repay your loan
• Interest rate: the annual percentage rate (APR) associated with your loan

Ready to get started? Input your information into our mortgage payment calculator below to receive your personalized projection! Want to learn more? Explore our mortgage options or view our current rates.