Loan Calculator

Empowering Your Home-Buying Journey

Calculate Loan Costs

Buying a home is a big step, and understanding your financial options makes the process smoother and more transparent. Use our comprehensive mortgage calculator to estimate your monthly payments, total interest, and more, so you can make informed decisions about your home purchase.

How It Works:

Price of Real Estate: Enter the total price of the home you are interested in.
Down Payment Percent: Specify what percentage of the home price you will pay upfront.
Amount of Loan: If you know the loan amount, enter it here; otherwise, leave it at ‘0’ and we’ll calculate it for you based on the home price and down payment.
Number of Payments: Tell us over how many months you plan to repay the loan.
Annual Interest Rate: Input the interest rate offered by your lender.
Points: Include any points that you’ll be paying as part of the loan agreement.
Annual Property Taxes: Estimate the yearly taxes for the property.
Annual Insurance: Provide the estimated annual cost for homeowner’s insurance.
Private Mortgage Insurance (PMI): If your down payment is less than 20%, include the cost of PMI.
Payment Method: Choose how often you would like to make payments.

Once all fields are filled, the calculator will display:

Monthly Payment Amount
Down Payment Amount
Total Interest
Total Principal & Interest

This tool is designed to give you a detailed breakdown of your potential costs, helping you to budget effectively and plan your future with confidence.

Ready to start? Enter your details above and take one step closer to your new home!

Mortgage Loan Calculator

Price of Real Estate?:

Down Payment Percent?:

Amount of Loan?:

Enter a “0” (zero) for one unknown value above.

Number of Payments? (#):

Annual Interest Rate?:

Points?:

Annual Property Taxes?:

Annual Insurance?:

Private Mortgage Ins. (PMI)?:

Payment Method?:

Monthly Payment Amount:

Down Payment Amount:

Total Interest:

Total Principal & Interest:

Original Size

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter “0” for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender “points” up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

Empowering Your Home-Buying Journey

Calculate Loan Costs

How It Works:

Mortgage Calculator Help

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