Mortgage Calculator

Use Our Home Loan Calculator To Find Potential Savings

Our proprietary mortgage calculator provides accurate and detailed mortgage expenses based on your exact mortgage conditions. We provide a monthly cost breakdown as well as a long-term amortization schedule.

Our proprietary mortgage calculator provides accurate and detailed mortgage expenses based on your exact mortgage conditions.

We provide a monthly cost breakdown as well as a long-term amortization schedule.

Our proprietary mortgage calculator provides accurate and detailed mortgage expenses based on your exact mortgage conditions.

We provide a monthly cost breakdown as well as a long-term amortization schedule.

Zip Code

Interest Rate*

Get latest rate

Home Price*

home-price-error

Down Payment*

You are typically required to pay PMI if your down payment is less than 20%.

down-payment-error

Property Tax /year

/year property-tax-error

Home Insurance /year

/year home-insurance-error

HOA Dues /month

/month

Reset All

Principal & Interest

$1,289.02

Property Tax

$200.00

Home Insurance

$78.83

HOA Dues

N/A

Total Loan Payment

Real Estate Analysis of Home Ownership Affordability

VA and Nationwide Home Price

2 years

5 years

10 years

15 years

All

Source: Freddie Mac House Price Index (FMHPI)

Mortgage Calculator Benefits

Customized for you

There are always trade-offs when figuring out the mortgage that is right for you.

What mortgage term should I use? Should I put down a little extra down payment? How does the property tax rate affect me?

With our flexible mortgage calculator, you can figure out the best home loan options and rest assured in the accurate calculations.

FAQ’s

We recommend you try a few different options to get a "feel" for how important the parameters and how important it is to find the best loan for you. On an example of $500,000 mortgage with 20% down, the difference between a 30-year 3.75% and a 30-year 4.00% mortgage is $56 a month or over $20,000 in payments over 30 years.

Property taxes are sometimes paid to the mortgage lender as part of your monthly payment which is saved in a special escrow account. Then your lender will pay the required amount to the county property tax collector before due date. Property owners can also opt out the monthly contribution, instead they pay two installments to the country by respective due dates.

Homeowner's association (HOA) dues are usually paid to the HOA management company directly every month.

There are many reasons that go into this, and we recommend you review the section above that compares buying vs renting. However the main insight is that your rent will increase over time. When you buy a home, the purchase price is negotiated at a point in time and the home value increases every year. In the US, homes have typically increased at 4% a year over the past 30 years. That comes out to a 224% increase over the life of a 30-year mortgage!

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	Principal	Interest	Remaining

Mortgage Calculator

Use Our Home Loan Calculator To Find Potential Savings

Our proprietary mortgage calculator provides accurate and detailed mortgage expenses based on your exact mortgage conditions. We provide a monthly cost breakdown as well as a long-term amortization schedule.