Mortgage Calculator

Using the Mortgage Calculator

Our mortgage calculator helps you determine your monthly mortgage payments based on factors such as home price, down payment, loan term, and interest rate. Get accurate estimates to make informed decisions about your home financing.

Entering Your Information

Input the following details into the calculator:

• Home Price: Total purchase price of the home.
• Down Payment (% or $): Amount paid upfront as a percentage of the home price or a specific dollar amount.
• Loan Term (Years): Number of years to repay the loan.
• Interest Rate (%): Annual interest rate on the loan.

Understanding the Results

The calculator provides the following results:

• Loan Amount: Amount needed based on home price and down payment.
• Down Payment: Amount paid upfront.
• Monthly Payment: Estimated monthly mortgage payment.
• Total Interest: Total interest paid over the loan's lifetime.
• Total Payment: Total payment, including principal and interest.

Tips and Considerations

Keep these tips in mind:

• Enter accurate information for precise estimates.
• Consider additional costs like property taxes and insurance.
• Compare different loan terms and rates to find the best option.