Estimate tools
Mortgage payment calculator
See what a monthly payment could look like before you have an offer. Change any number; results update as you type.
The starting numbers are fictional.They are a made-up example, not your situation and not a quote. This is an educational estimate, not lender approval, and not advice about which loan you qualify for. Inputs stay in this browser, are not saved, and reset when you refresh this page.
Estimated monthly payment
Housing payment
$2,975.44/mo
Including utilities and upkeep
$3,325.44/mo
| Principal and interest | $2,275.44 |
|---|---|
| Property tax | $400.00 |
| Home insurance | $150.00 |
| Mortgage insurance | $150.00 |
| HOA dues | $0.00 |
| Housing payment | $2,975.44 |
- Base loan
- $360,000.00
- Upfront fee
- $0.00
- Total loan amount
- $360,000.00
- Fee paid in cash
- $0.00
The housing payment excludes any extra principal you choose to pay. Taxes, insurance, HOA, and upkeep are shown as flat figures for illustration. They are not predictions; they usually change over time.
Extra monthly payments
Paying extra principal each month shortens the loan and reduces interest. Set the amount in the inputs.
- Interest without extra
- $459,160.16
- Interest with extra
- $459,160.16
- Interest saved
- $0.00
- Paid off in
- 30 yrs
Term scenarios
Illustrative only: same home, same interest rate, two loan lengths. Excludes extra payments. In practice, lenders often price shorter terms at a different rate.
| 30 years | 15 years | |
|---|---|---|
| Principal and interest | $2,275.44 | $3,135.99 |
| Housing payment | $2,975.44 | $3,835.99 |
| Total interest | $459,160.16 | $204,477.57 |
Debt-to-income ratio
An educational ratio: monthly housing and debts divided by gross monthly income. Lenders use their own rules; this is not a qualification check.
Car, student loan, card minimums.
- Housing share of income
- 37.19%
- Housing plus debts
- 42.82%
Cash to close estimate
A rough percentage of the home price for closing costs. It does not include the upfront program fee, which is added separately when paid in cash. Credits, escrow deposits, and prepaid items vary. This is not the Cash to Close figure on a Loan Estimate.
- Estimated closing costs
- $12,000.00
- Estimated cash: down payment, closing costs, and any cash-paid upfront fee
- $52,000.00
Rate and points
Enter a lower rate a lender offered for buying points to see the cost and how long the saving takes to pay it back.
1 point = 1% of the loan.
Enter the actual rate quoted with points. No rate is assumed.
Year-by-year balance
This table reflects your extra monthly principal payment. The headline housing payment above does not include that extra amount. Mortgage insurance is assumed constant for this illustration; this is not a lender projection.
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| 1 | $4,023.81 | $23,281.53 | $355,976.19 |
| 2 | $4,293.29 | $23,012.04 | $351,682.89 |
| 3 | $4,580.82 | $22,724.51 | $347,102.07 |
| 4 | $4,887.61 | $22,417.73 | $342,214.46 |
| 5 | $5,214.94 | $22,090.40 | $336,999.52 |
| 6 | $5,564.20 | $21,741.14 | $331,435.32 |
| 7 | $5,936.84 | $21,368.50 | $325,498.48 |
| 8 | $6,334.44 | $20,970.90 | $319,164.04 |
| 9 | $6,758.67 | $20,546.67 | $312,405.37 |
| 10 | $7,211.31 | $20,094.03 | $305,194.05 |
| 11 | $7,694.27 | $19,611.07 | $297,499.79 |
| 12 | $8,209.57 | $19,095.77 | $289,290.22 |
| 13 | $8,759.38 | $18,545.96 | $280,530.84 |
| 14 | $9,346.01 | $17,959.33 | $271,184.84 |
| 15 | $9,971.93 | $17,333.41 | $261,212.91 |
| 16 | $10,639.77 | $16,665.57 | $250,573.14 |
| 17 | $11,352.33 | $15,953.01 | $239,220.81 |
| 18 | $12,112.62 | $15,192.72 | $227,108.19 |
| 19 | $12,923.82 | $14,381.52 | $214,184.37 |
| 20 | $13,789.35 | $13,515.98 | $200,395.02 |
| 21 | $14,712.85 | $12,592.49 | $185,682.16 |
| 22 | $15,698.20 | $11,607.14 | $169,983.96 |
| 23 | $16,749.54 | $10,555.80 | $153,234.43 |
| 24 | $17,871.29 | $9,434.05 | $135,363.14 |
| 25 | $19,068.16 | $8,237.18 | $116,294.98 |
| 26 | $20,345.19 | $6,960.15 | $95,949.80 |
| 27 | $21,707.74 | $5,597.60 | $74,242.05 |
| 28 | $23,161.55 | $4,143.79 | $51,080.50 |
| 29 | $24,712.72 | $2,592.62 | $26,367.78 |
| 30 | $26,367.78 | $937.56 | $0.00 |
Have Loan Estimates already?
Upload them or type the numbers to compare real offers side by side.