MORTGAGE CALCULATOR
Mortgage Guide
Mortgage Help
Understand the key factors that affect your monthly mortgage payment.
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.
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
Common mortgage types include fixed-rate and adjustable-rate loans. Fixed-rate loans keep the same interest rate, while adjustable-rate mortgages may change over time.
Interest Rate
This field is pre-filled with the current average mortgage rate. Your actual rate may vary based on credit score, down payment, and loan type.
Property Tax Rate
The calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home Insurance
Homeowners insurance is typically required by lenders depending on the loan program. You can edit this in the advanced options.
HOA Fees
HOA fees are monthly payments collected by homeowners associations to maintain and improve shared residential properties.
