Calculate your monthly mortgage payments, down payment requirements, and total costs for purchasing your dream home
Enter your purchase details below to calculate monthly payments and total costs
Usually required if down payment is less than 20%
Use these calculations as a starting point for your home purchase planning. Our expert team can help you find the best loan programs and rates for your unique situation.
The core loan payment that pays down your mortgage balance and covers interest costs.
Local taxes collected by your municipality, usually paid through escrow with your monthly payment.
Required insurance to protect your home and belongings, typically paid monthly through escrow.
Private Mortgage Insurance, required when your down payment is less than 20% of the home value.
Down Payment: Aim for 20% to avoid PMI, but many programs allow as little as 3% down.
Interest Rates: Even a 0.25% difference can save thousands over the loan term.
Total Housing Cost: Keep total monthly housing costs under 28% of gross income.
Pre-Approval: Get pre-approved to strengthen your offer and speed up closing.
Our mortgage experts are ready to help you find the perfect loan program with competitive rates and flexible terms.
This calculator provides estimates only and should not be considered financial advice. Actual rates, payments, and terms may vary based on your credit profile, debt-to-income ratio, property type, and current market conditions. Additional costs such as HOA fees, closing costs, and other expenses are not included in these calculations. Please contact our loan specialists for personalized quotes and program details.