Our Simple Mortgage Calculator
Use our simple mortgage calculator to understand how the price point, down payment and interest rate affect your monthly principal and interest payment.
Home Loan Calculator
Live EstimateRun the numbers to estimate your monthly mortgage payment.
Estimates are for illustration only; actual terms may vary.
Consider Your Current Home Payments
If that amount feels comfortable, use it as a baseline for what you can afford each month and adjust as needed.
Consider Your Lifestyle
Make sure your future home payment still leaves room for things you enjoy whether that be travel, savings, hobbies, kids’ activities, or just everyday breathing room.
Remember The Full Picture
A home payment isn’t just the mortgage. There will also be costs like taxes, insurance, utilities, HOA, mortgage insurance and upkeep. Give yourself a little cushion so surprises don’t become stressful.
Adjust As Needed
There is no one size fits all when it comes to a suggested mortgage payment. Certain loan options will allow you to utilize a 50% debt to income ratio. Only you can decide if that is prudent!
Are You Ready To Buy?
Take our buyers preparation quiz and find out!
Did You Know?
You can purchase a home with as little as 3% down. Lenders and programs are constantly changing to give buyers an opportunity to own their own home. Connect with us to learn about these programs!
Have You Heard?
New homebuilders are offering rate buy downs to make your monthly payments even more affordable. Reach out to hear about the communities that are cutting rates!