Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

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MORTGAGE HELP

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field 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 Rate

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, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

What My Clients Say

heicheng18

Danielle was amazing to work with when purchasing my home. It was my first time buying a home so there was a lot I didn't know. Danielle was always helpful in giving me the right information and asking questions that I didn't even think to ask. She was very responsive to my questions and knowledgeable. She made the process a lot less stressful than if I went through it alone. Danielle was always patient and made sure I found the home I loved.

english1969

You will not find a more knowledgeable realtor. Danielle is incredibly professional and highly successful. She knows the market, the area, the home, the sellers and the buyers! She had our home staged, listed, and sold in 30 days! Who does that? She is a wonderful woman and we're extremely lucky to have worked with her. We hope to never sell/move again; but if we do: Danielle is the only realtor we will work with!

gk3625

Danielle is the best agent ever !!! She is professional & knowledgeable, super easy to get a hold of, and always on top of everything. She is not only awesome at what she does as an agent, but also a good person with a warm heart who actually cares about you and make sure she finds you the perfect home for you. She incredibly works hard and you can definitely tell her job is her #1 priority. She won't disappoint you no matter how picky you are :) Highly recommended !!!!!

Danielle Klausing

Agent | License ID: 475.169983

+1(847) 812-7888 | danielle@dmksells.com