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Mortgage Calculator
Estimate your monthly payment and see how the rate and down payment change the picture — before you ever talk to a lender.
🤮 Interactive calculator coming soon
The live version will estimate your full monthly payment from price, down payment, rate, and term. For now, here’s what goes into that number.
What’s in a monthly payment
Most mortgage payments bundle four things, often called PITI: principal (paying down the balance), interest (the cost of the loan), taxes (property taxes), and insurance (homeowners, plus PMI if your down payment is under 20%). When you compare a “monthly payment,” make sure you’re comparing all four — a quoted principal-and-interest figure can understate the real cost. See the full mortgages guide.
How much house you can afford
A lender’s maximum is not your budget. A common guideline keeps total housing costs to around a quarter to a third of take-home pay — but the real test is whether the payment still leaves room to invest, save, and live comfortably. Don’t forget maintenance and repairs, which owning adds and renting doesn’t, and keep your emergency fund intact after the down payment.
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For educational estimates only. Not personalized financial advice.
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