Estimate your monthly payment before you shop. Adjust the home price, down payment, term, and rate to see exactly what principal, interest, taxes, and insurance add up to — then talk to a real loan officer about the number you actually qualify for.
Estimate your monthly payment and see a breakdown of your costs.
Most people budget for principal and interest and get surprised by the rest. Here is what the calculator above is actually adding together.
The loan itself. Principal pays down what you borrowed; interest is what the lender charges to lend it. Early on, most of your payment goes to interest — that flips over the life of the loan.
Set by your county, not your lender, and they vary widely by state. Most borrowers pay 1/12 of the annual bill each month into an escrow account so the lump sum never catches them off guard.
Required by every lender. Like taxes, it is usually escrowed monthly. Premiums depend on the property, its location, and your coverage — not on your credit or loan type.
Mortgage insurance (PMI on conventional loans under 20% down, MIP on FHA), HOA dues, flood insurance, and closing costs are not included in the estimate above. Any one of them can move your real payment meaningfully — ask us for an all-in number before you budget around it.
A payment estimate is only as good as the assumptions behind it. Four things to get right.
Use an actual listing price in the area you are shopping, not a round number. Taxes and insurance both scale with the property, so a realistic price makes every other line more accurate.
The dollar and percent fields stay in sync, so you can work from whichever you know. Under 20% on a conventional loan means mortgage insurance gets added on top of what you see here.
The default rate is a placeholder, not an offer. Your real rate depends on credit, loan type, term, occupancy, and points. Even a half point changes the payment noticeably — try it.
Property tax rates differ dramatically between Nevada, Texas, Washington, Florida, and California. County assessor sites publish rates; your agent can usually pull recent numbers for a specific address.
The payment you just calculated depends heavily on which program you use. Here are the ones borrowers ask about most.
Lower down payment and more forgiving credit requirements, with mortgage insurance built into the payment.
The most common path. Put 20% down and the payment above is close to complete — no mortgage insurance to add.
For eligible veterans and service members. Set the down payment to $0 in the calculator and see what changes.
For prices above conforming limits. If your calculated loan amount is high, this is likely the program that applies.
Buying a rental? Qualification is based on the property's rental income rather than your personal income.
Already own? Enter your current balance as the home price and $0 down to compare a new rate against what you pay now.
What the numbers mean, and where estimates stop and real quotes begin.
An estimate is a starting point. Tell us about your situation and a licensed loan officer will price your actual scenario — including mortgage insurance, taxes, and the rate you qualify for.
No obligation. No credit check to get started.
The calculator on this page is provided for general informational and educational purposes only. Results are estimates, are not an offer or commitment to lend, and do not constitute financial advice. Actual payment amounts depend on your final loan terms, program, mortgage insurance, escrow requirements, and applicable taxes and fees.