MORTGAGE CALCULATOR

Picture your payment.
Plan your next move.

Estimate a monthly mortgage payment, including taxes, insurance, possible PMI, and HOA dues. Start with 5% down, then make the numbers your own.

Talk to an expert

Make room for
the possibilities.

A little clarity goes a long way.
Explore an estimate, then let’s talk about
what works for you.

Customize taxes, insurance & other costs

Illustrative inputs only, including the rate. This is not a live rate, loan offer, approval, or Loan Estimate. Taxes, insurance, and mortgage insurance vary. PMI is a simplified conventional-loan estimate; program-specific fees are not modeled.

YOUR ESTIMATED MONTHLY PAYMENT

$2,740.17/ month
Principal & interest
$2,101.63
Property taxes
$350.00
Home insurance
$150.00
Mortgage insurance (PMI)
$138.54
HOA dues
$0.00

Estimated loan amount $332,500

A starting point for a conversation.
Your actual payment and terms may differ.

More than
principal & interest.

Principal repays the amount borrowed. Interest is the cost of borrowing. Property taxes and homeowners insurance are separate expenses that may be collected through escrow. HOA dues and any required mortgage insurance add to the budget.

The purchase default uses 5% down and an illustrative 6.5% rate. Neither is an offer or a qualification requirement. Replace the tax, insurance, and other assumptions with local estimates. This calculator uses a simplified conventional PMI model; it does not model FHA premiums, VA funding fees, closing costs, or all program-specific charges.

In refinance mode, enter the estimated home value and proposed loan balance. The result models a new loan payment; it does not calculate closing costs, refinance savings, or a complete break-even analysis.

Understand refinance costs

See a little
further ahead.

Explore interest, an earlier payoff, and the tradeoffs behind the payment. Open the tool that answers your next question.

Amortization & total interest

See how a fixed-rate loan balance changes over time, with a year-by-year breakdown of principal and interest.

Fully amortizing fixed-rate estimate with monthly payments. Excludes taxes, insurance, mortgage insurance, fees, extra payments, and changes to the rate. The final payment may differ slightly.

Calculate to see principal, interest, and the remaining balance.
Mortgage & HELOC payoff

Compare a regular principal-and-interest payment with adding a little more each month.

Use principal and interest only, excluding escrow. Assumes a constant rate, no fees, no new draws, and extra payments applied to principal. HELOC rates and required payments can change; this is a fixed-assumption illustration, not a payoff quote.

Calculate to compare estimated payoff time and interest.
Mortgage interest & tax deductions

An interest deduction is not the same as a dollar-for-dollar tax credit. Compare itemizing with the standard deduction using figures you have confirmed for your situation.

Inputs are examples, not a filing-status selection or tax-year recommendation. Confirm deductible interest, other deductions, and your standard deduction with a tax professional. This simplified estimate excludes credits, state taxes, tax-bracket changes, deduction limits, phaseouts, and other tax rules.

Calculate an illustrative incremental federal tax effect.

Interest eligibility depends on the debt, the home, and how funds were used. Review IRS Publication 936 and the IRS standard deduction guidance with your tax professional. The tool does not determine your eligible deduction or tax liability.

Loan vs. interest-only credit line

Compare a fully amortizing loan with an interest-only period on a credit line. A lower initial payment can leave the entire principal balance to repay.

Both examples start with the same amount borrowed. Assumes constant rates, monthly interest, no fees, no further draws, and no principal payments during the credit-line interest-only period. Does not model the line’s later repayment schedule or its total lifetime cost. Educational comparison, not a claim that a credit-line product is available through our team.

Calculate to compare initial payments and the remaining credit-line balance.

Let’s get you home.

800-991-6494
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LET’S TAKE THE NEXT STEP.

First, where’s home?

Select the state where you’re buying or refinancing. We’ll connect you to the right application.

Your secure application opens in a new tab.

Have a question? 800-991-6494

EXPLORE YOUR OPTIONS

Availability and eligibility vary by state, borrower, and property. All loans are subject to approval.

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