About This Mortgage Calculator

This mortgage calculator helps you estimate your monthly mortgage payments including principal and interest, property taxes, and home insurance. Adjust the inputs to see how different down payments, interest rates, and loan terms affect your payment.

How to Use This Calculator

1. Enter the home value (purchase price if buying, current value if refinancing)

2. Enter your down payment amount (or equity if refinancing)

3. Select your loan term (typically 30 or 15 years)

4. Enter the interest rate (current market rate or your existing rate)

5. Include estimated property taxes and home insurance

6. Click "Calculate" to see your estimated monthly payment