Mortgage calculators.
Free tools for the questions borrowers ask most. Pick one below — results update as you type.
What will my payment be?
Your full monthly payment — principal, interest, taxes, insurance, HOA and mortgage insurance.
- Principal & interest$3,792.41
- Property tax$687.50
- Home insurance$150.00
- HOA fees$0.00
- Mortgage insurance$0.00
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
How your loan pays down
How it's calculated
Principal and interest use the standard fixed-rate amortization formula. Property tax (your tax rate × home price) and insurance are divided by 12 and added along with HOA dues and any mortgage insurance.
How much house can I afford?
The home price that fits your income, your monthly debts and a debt-to-income target.
- Loan amount$774,916
- Principal & interest$4,897.99
- Taxes, insurance & HOA$952.01
- Total housing payment$5,850.00
- Housing-only ratio39% of gross income
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
How it's calculated
We take your debt-to-income target as a share of gross monthly income, subtract your other monthly debts, and solve for the home price whose full housing payment (principal, interest, taxes, insurance and HOA) fits what is left. Does not include mortgage insurance.
Should I refinance?
Your monthly savings, when you break even on closing costs, and the total cost difference.
- Break-even point1 yr 4 mo (Feb 2028)
- Remaining cost of current loan$958,094
- Total cost of new loan$892,633 incl. costs
- Lifetime differenceYou save $65,461 over the life of the loan
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
How it's calculated
Break-even is your closing costs divided by your monthly savings. The lifetime comparison adds up the remaining payments on your current loan versus all payments on the new loan plus costs paid in cash. Restarting a longer term can lower your payment but increase total interest.
How much equity can I tap?
How much you could borrow with a HELOC or home equity loan, and what interest-only payments might be.
- Total equity in your home$450,000
- Your draw$100,000
- Interest-only payment on draw$708.33/mo
- Combined LTV after draw61.1%
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
How it's calculated
Available equity is your home value multiplied by the maximum combined loan-to-value, minus what you already owe. Maximum CLTV, rates and terms vary by program, credit and property. HELOC rates are typically variable.
What if I pay extra?
How much interest you save — and how much sooner you own your home — by paying a little extra each month.
- Current principal & interest$2,588.06/mo
- Paid offJan 2049 instead of Oct 2054
- Time saved5 yrs 9 mo
- Total interest — standard$469,590
- Total interest — with extra$357,327
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
Your balance over time
How it's calculated
We compare your standard payment schedule with the same loan plus your extra monthly payment applied to principal, month by month. Check with your servicer that extra payments go toward principal.
Are discount points worth it?
How long it takes for a lower rate to pay back the upfront cost of discount points.
- Upfront cost of points$4,000
- Payment without points$2,594.39
- Payment with points$2,528.27
- Monthly savings$66.12/mo
- Net savings if you keep the loan+$1,554 after 7 yrs
Estimates for illustration only — not a rate quote or commitment to lend. Rates shown are examples; your rate, payment and costs depend on your credit, loan program and property. All loans are subject to credit approval.
Net savings over time
How it's calculated
Each discount point costs 1% of the loan amount. Break-even is the upfront cost divided by the monthly payment savings. If you expect to sell or refinance before the break-even point, points usually are not worth it.
Common questions.
How is a monthly mortgage payment calculated?
Your payment is usually made up of four parts, often called PITI: principal, interest, property taxes and homeowners insurance. Principal and interest are based on your loan amount, interest rate and loan term. Taxes and insurance are typically divided into monthly amounts and, if you have HOA dues, those are added too.
How much should I put down on a house?
It depends on the loan program. Some FHA loans allow a lower minimum down payment, while conventional loans with less than 20% down typically require mortgage insurance. A loan officer can show you how different down payments change your monthly payment and cash to close.
Does this calculator include mortgage insurance?
No. This estimate does not include private mortgage insurance (PMI) or FHA mortgage insurance, which may apply depending on your loan program and down payment. Talk to a loan officer for a complete quote.
Is this estimate a rate quote?
No. The calculator is for illustration only and is not a commitment to lend or a rate quote. Mortgage rates change daily and vary depending on your unique situation.
What debt-to-income ratio do lenders use?
Many conventional programs look for a total debt-to-income ratio around 43% or lower, though some programs allow higher ratios with strong credit or reserves and others require less. Your loan officer will tell you which guidelines apply to you.
When does refinancing make sense?
Refinancing usually makes sense when you'll keep the home past the break-even point — the month your savings have paid back your closing costs. It can also make sense to change your loan term, remove mortgage insurance, or take cash out.
How much can I borrow with a HELOC?
Lenders typically limit your combined loan-to-value — all loans on the home divided by its value. Your available line is that limit minus what you already owe. Maximum CLTV varies by program, credit and property type.
