About the Mortgage Calculator tool
See what a home really costs each month. Enter the price, down payment, rate and term, add property taxes and insurance, and try extra monthly payments to see how much interest and time you save.
How to use it
- Enter the home price, down payment, interest rate and term.
- Add yearly property tax, insurance and any HOA dues.
- Review the monthly payment, total interest and yearly schedule.
Frequently asked questions
What is PMI?
Private mortgage insurance is usually required when you put down less than 20%. This calculator estimates it at 0.5% of the loan per year; your lender’s quote may differ.
Is this a loan offer?
No — it’s an estimate for planning. Your actual rate and costs come from your lender.