Free Tool

Mortgage Calculator

Estimate your monthly payment for a new purchase or refinance — instantly.

Loan Details

Home PriceThe purchase price of the home.

Down Payment

3%50%

Interest Rate7.00%

2.00%15.00%

Loan Term

Monthly Extras

Property Tax (monthly)Auto-calculated at 1.25% of home price annually. Edit to override.

Homeowner's Insurance (monthly)

PMI (monthly)Private Mortgage Insurance — typically required when down payment is less than 20%.

Your Estimate

Monthly Payment$3,881.08

Principal & Interest$3,210.08

Loan Amount$482,500.00

Down Payment$17,500.00

Total Interest$673,130.43

Total Cost$1,155,630.43

Payment Breakdown

Principal & Interest$3,210.08

Property Tax$521.00

Insurance$150.00

Ready to move forward?

These are estimates. A licensed loan officer can give you exact rates and terms for your situation.

Apply Now (800) 416-9781

This calculator provides estimates for informational purposes only and does not constitute a loan offer or commitment. Actual rates, payments, and terms are subject to credit approval and may vary. Contact a licensed loan officer for a personalized quote. NMLS: 02107683.