Mortgage Calculator
Calculate your monthly mortgage payment and see how different scenarios affect your budget.
Loan Details
For Conventional loans, PMI applies when down payment is less than 20% (none at ≥ 20%).
Mortgage Tips
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Save for a Larger Down Payment
A 20% down payment eliminates PMI and can lower your monthly payment significantly.
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Consider Shorter Terms
15-year loans have higher payments but save thousands in interest over the life of the loan.
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Factor in All Costs
Don't forget property taxes, insurance, HOA fees, and maintenance when budgeting.
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Improve Your Credit
Higher credit scores qualify for better rates, potentially saving hundreds per month.