- Enter a purchase amount that’s $2,000,000 or less.
- The down payment must be lower than the home price.
This mortgage payment calculator gives you an estimate.
This mortgage payment calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you’re buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender’s fees and other costs, which can be significant.
Please fix the following items to continue:
Have you found a home? Start your application process.
Reach out to an experienced loan officer.
Understand your monthly mortgage payment.
Your monthly mortgage payment depends on a number of factors, like purchase price, down payment, interest rate, loan term, property taxes and insurance.

Purchase price
Purchase price refers to the total amount you agree to pay to the property’s seller. This amount is typically different from your loan amount, since most lenders won’t loan you the full amount of a property’s purchase price.
Calculator assumption: single-family home
This mortgage payment calculator assumes that you’re buying a single-family home as your primary residence.

Down payment
A down payment is the cash you pay up front when you buy a home. The larger your down payment, the less you’ll need to borrow and pay in interest.
Calculator assumption: 20% down payment
This mortgage payment calculator assumes that you have a 20% down payment, unless you specify otherwise. If you have less than a 20% down payment, you may have to pay private mortgage insurance (PMI), which would increase your monthly mortgage payment.

Interest rate
The interest rate is the amount of money your lender charges you for using their money. It’s shown as a percentage of your principal loan amount.