Home Price
Enter the price of the home you want to buy. This can be the price the owners are asking for or the price you think you will offer.
Term
Enter the length of your loan program. The default is set to a 30 year loan, but you can adjust as needed.
Property Taxes
Enter estimated monthly payments.
HOA Dues
Homeowners association fee (HOA) is a monthly payment that assists with maintaining and improving properties in the association.
Down Payment
Enter the amount of money you plan to pay for the down payment on the home. A higher down payment will lower your monthly mortgage payments.
Interest
Mortgage interest rates are influenced by the market and your financial health which takes into account your credit score and the down payment amount.
Principal & Interest
This is the monthly mortgage payment which consists of principle and interest
How to Use a Mortgage Calculator
If you are obtaining a loan with your bank, typically they will have a loan calculator you can use.
Example Loan Calculator