Mortgage Calculator
Enter the home price, your down payment, interest rate, and loan term to estimate your monthly principal-and-interest payment. This does not include property taxes, homeowners insurance, or HOA fees, which vary significantly by location.
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Start AI AssessmentFrequently Asked Questions
Does this include property taxes and insurance?
No — this calculator estimates principal and interest only. Taxes, homeowners insurance, and HOA fees vary by location and are not included.
How much should my down payment be?
This varies by loan program and lender — some conventional loans allow as little as 3-5% down, though 20% avoids private mortgage insurance on many US loan types.
What's the difference between loan term and amortization?
Loan term is how long you have to repay the loan; amortization is the schedule of how each payment splits between principal and interest over that term.