MORTGAGE CALCULATOR
Estimate your monthly mortgage payment
Understanding your estimated payment helps you build a realistic budget before you start shopping for a home.
Your numbers
Loan amount $382,500
Estimate only. Not a loan approval or offer.
Payment breakdown
What does a mortgage payment include?
Your monthly payment often includes more than just the loan amount.
Principal
The amount you borrow. As you make payments, your loan balance gradually decreases.
Interest
The cost of borrowing. Your rate affects both your monthly payment and lifetime cost.
Property taxes
Assessed by local government and vary by location and assessed value.
Homeowners insurance
Most lenders require coverage to help protect the property against covered losses.
Mortgage insurance
Depending on program and down payment, mortgage insurance may be required.
HOA fees
In an HOA community, monthly housing costs may also include association dues.
Why use a mortgage calculator?
- Estimate your monthly payment
- Compare different home prices
- Understand the impact of your down payment
- Compare loan terms
- Estimate housing affordability
- Plan your monthly budget
- Prepare before applying for a mortgage
Ready to get pre-approved?
A calculator provides an estimate. A pre-approval gives you a clearer picture of what you may qualify for — and makes your offer stronger.
- Understand your buying power
- Compare loan options
- Strengthen your purchase offer
- Identify any issues early