Home Price
Enter the purchase price of the home you want to buy. You can also enter the amount that you think you will offer.
Down Payment
Most home loans require a down payment of at least 3%. A higher down payment will lower your monthly payment.
Loan Program
Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and 5/1 ARM in the calculator.
Interest Rate
This is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
Property Tax
The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home Insurance
Home insurance or homeowners insurance is typically required by lenders. You can edit this number in the mortgage calculator advanced options.
