Mortgage Calculator

Using the mortgage calculator above is an easy way to estimate your monthly mortgage payment. Follow these steps:

1. Enter the home price – Input the price of the home you’re buying or the current value if refinancing.
2. Enter the down payment – Specify your down payment amount (if buying) or the home equity amount (if refinancing). 
3. Enter the loan term – Choose the length of your loan, typically 30, 20, 15, or 10 years.
4. Enter the interest rate – Input the expected or current mortgage rate. Many calculators default to the average market rate, but you can adjust it.
5. Enter the Taxes – If your going to escrow your taxes, enter the property tax amount.
6. Enter Annual Insurance – You can contact an insurance agent for an annual quote.
7. Enter the Monthly HOA – you have a HOA in condos and some single-family developments.
8. Click Send Results – Enter your e-mail for the results!