Use our mortgage calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term and interest rate to see how your monthly payment changes.

Our monthly payment estimates are broken down by principal and interest, property taxes and homeowners insurance. We take our calculator a step further by factoring in your credit score range, zip code and HOA fees to give you a more precise payment estimate. You’ll also go into the home-buying process with a more accurate picture of how to calculate mortgage payments and purchase with confidence. After you run some estimates, read on for more education and home-buying tips.

It isn’t easy to figure out a mortgage payment. On top of principal and interest, there are also other expenses that are commonly rolled into your monthly payment. These include property taxes, homeowner’s insurance, and mortgage insurance. The best mortgage calculator can help you approximate what your monthly payment would be to give you a clear picture of what you’re getting yourself into.

Many people strive to pay down their mortgage faster by making extra payments or adding a bit to each monthly payment. However, figuring out the impact of these extra payments is no easy task. Mortgage loans are amortized, which means that more of your payment goes to interest at the beginning of the loan term and less goes to principal. These amounts slowly change places until you’re paying more principal near the end of the loan and less interest. This can make it difficult to understand the impact of extra payments. However, even small extra payments can make a huge difference in the amount of interest you’ll pay on a loan. Use our loan calculator to see what we mean!