Mortgage Calculator
Estimate the payment, true monthly housing cost, cash needed at closing, and how extra principal may change the payoff.
Full Mortgage GuideEstimate the loan payment first, then add taxes, insurance, PMI, closing costs, or payoff strategies when needed.
6.5% is an example rate—not a live quote. Enter the rate offered by your lender.
Advanced options (optional)Add taxes, insurance, PMI, extra payments, and closing costs when needed.
Transparent methodology
How the mortgage estimate works
1. Calculate the loan
Subtract the down payment from the home price and amortize the balance over the entered term.
2. Add visible costs
Convert annual tax and insurance to monthly amounts, then add entered HOA, PMI, and other costs.
3. Reconcile closing cash
Add down payment, closing and prepaid costs, then subtract entered credits and deposits.
4. Model extra principal
Apply optional extras to the balance and compare payoff time and total interest.
Mortgage questions
Frequently asked questions
What does the monthly estimate include?
It includes principal, interest, and only the taxes, insurance, HOA, PMI, and other costs you enter.
Is the example interest rate live?
No. The example rate is not a market quote. Enter the rate offered by your lender.
How are extra payments calculated?
The calculator applies entered extra amounts directly to principal after scheduled interest for that payment period.
When can PMI end?
The displayed 80% and 78% milestones are planning estimates for eligible conventional loans. Confirm the actual rules and date with your servicer.
Does this support FHA, VA, USDA, or adjustable-rate loans?
No. V1 covers conventional fixed-rate purchase mortgages. Additional loan programs are planned separately.
Is the estimate a loan offer?
No. It is an educational planning estimate and does not replace a Loan Estimate or Closing Disclosure.
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