Mortgage Payment Calculator

Planning estimates, payment breakdown, rent vs buy, and more.

Sample Rate Context

Static examples for planning only, not live market quotes or lender offers.

Scenario	Sample Rate	Planning Use	What It Helps Test
Lower-rate scenario	5.75%	Optimistic planning case	Useful for seeing how a lower rate could improve affordability.
Middle scenario	6.50%	Baseline planning case	A middle example for comparing monthly payment sensitivity.
Higher-rate scenario	7.25%	Stress-test case	Helps test whether the payment still works if rates are higher.
Shorter-term scenario	6.15%	15-year style comparison	Often has higher monthly payments but lower total interest.

These sample rates are educational examples for payment planning. Enter your own quoted rate in the calculator for a personalized estimate.

Location

Choose the local market for tax, safety, and assistance context.

State

City

Enter the purchase assumptions you want to test.

Home Price ($)

Down Payment ($)

Down Payment (%)

Compare payment impact across rates, terms, APR, and mortgage-insurance assumptions.

Interest Rate (%)

APR (%) (Optional)

Used to flag the broader cost created by points, lender fees, and other finance charges.

Loan Term (years)

Loan Program

Conventional FHA USDA

Conventional offer has no PMI

Add income, debt, and recurring costs for a fuller estimate.

Annual Income ($)

Monthly Debt Payments ($)

Start with a planning estimate, or use the exact categories from a Loan Estimate.

I Have A Loan Estimate

Turn this on to use the lender document's Section D and Section I totals.

Planning mode

Estimated Total Closing Costs ($)

Enter a home price to see the HUD 2%-6% planning range.

HOA Fees ($/month)

Monthly Rent (optional)

Helps compare rent vs buy.

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