Mortgage Calculator

Fill in home price, down payment, interest rate and loan term to get an estimated monthly loan payment.


Monthly payment is estimated, and should be verified with your lender. Your actual monthly mortgage payment will include additional items including but not limited to taxes and insurance.

Mortgage Information



How Much House Can You Afford?

Mortgage lenders recommend you do not buy a home that is more than 3 to 5 times your annual household income. If you are not purchasing a home with cash, you will need a mortgage pre-approval provided by your mortgage lender. A lender will work with you to get a loan that meets your needs. Some buyers are concerned with keeping their monthly payments as low as possible, others want to make sure that their monthly payments never increase. 


Check Your Credit. 

A mortgage requires a good credit score. You can improve your score by:

•Paying down credit card balances

•Continuing to make payments on time

•Avoid applying for a new credit card or car loan until you have been approved

•Avoid making big purchases until you have been approved

•If possible, avoid job changes until you have been approved


Save Cash For A Downpayment and Other Expenses

In order to make your dream of buying a home a reality, you will need to save cash for your down payment, earnest money, closing costs & home inspector.

•A Down Payment is typically between 3.5% & 20% of the purchase price

•Earnest Money is money you put down to show you’re serious about purchasing a home. It’s also known as a good faith deposit.

•Closing Costs for the buyer run between 2% & 5% of the loan amount

•A Home Inspection costs $300 to $500


Get Pre-Qualified 

Being pre-approved, unlike being pre-qualified, means you've actually been approved by a lender for a specific loan amount. You will need to provide documented financial information (income, statements, assets, debt & credit reports etc.) to be reviewed & verified by the lender.