Home buying tools
Mortgage calculator
See your monthly costs. Explore your options. Make a plan that feels right.
Make it yours.
Your home & loan$150,000 down
Example rate, not a current quote. Use your lender’s interest rate, not APR.
Starting costs are examples, not local quotes. Replace them with the property’s costs; $0 excludes a cost.
Include master and neighborhood associations.
PMI uses an illustrative 0.50% of the original loan per year below 20% down. Your quote may differ.
Your estimate updates as you type.
Estimated monthly payment
Your loan payment, plus the home’s ongoing costs.
- Principal & interest
- $3,792 /mo
- Property taxes
- $375 /mo
- Homeowners insurance
- $150 /mo
- HOA dues
- $0 /mo
- Mortgage insurance (PMI)
- $0 /mo
Cash to plan for upfront$172,500
Use your lender’s estimate. The starting 3% is an example allowance.
- Down payment
- $150,000
- Closing cost allowance
- $22,500
A planning total before any deposits or credits. Confirm fees, prepaids, and remaining cash to close with your lender.
For planning only, not a loan offer. Assumes a conventional fixed-rate loan. Taxes, insurance, and HOA may change; utilities, maintenance, and special assessments are not included.
A little clarity goes a long way.
The numbers are a starting point. Here’s what to know as you make them your own.
Talk with JuliaWhat’s included in my monthly payment?
Your loan’s principal and interest, plus the taxes, homeowners insurance, HOA dues, and mortgage insurance entered here. HOA dues may be paid separately from your lender payment. Utilities, maintenance, and special assessments are excluded. Learn about payment components at the CFPB.
Do I need a 20% down payment?
Some loans allow less. For this conventional loan estimate, down payments under 20% include an illustrative PMI allowance. Your lender determines eligibility, rates, and actual mortgage insurance. FHA, VA, USDA, and adjustable-rate loan rules are not modeled here.
What happens to PMI as I pay down the loan?
This estimate ends monthly PMI at the original scheduled 78% loan-to-value date or the month after the loan’s midpoint, whichever is earlier, assuming payments are current and the appraisal equals the purchase price. Extra payments may let you request removal at 80% sooner; approval has conditions. Read the CFPB’s PMI guidance.
How accurate are these estimates?
The loan calculation uses a standard fixed-rate amortization formula. Starting costs and rates are editable examples, not property-specific quotes. Your lender’s rounding, payment dates, fees, and escrow changes may produce different totals. Confirm your property’s tax bill, all association dues, and insurance coverage before relying on a budget.