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Mortgage Calculator

Using our mortgage calculator can help you estimate your monthly mortgage payments and understand how different variables like interest rates, loan terms, and down payments affect your overall costs.

  1. Gather Your Information:
    • You’ll need some basic information before you start using the calculator. This includes the loan amount (the price of the home minus your down payment), interest rate, loan term (usually 15 or 30 years), and down payment amount.
  2. Enter the Loan Details:
    • Input the loan amount, interest rate, and loan term into the calculator. These values are essential for calculating your monthly mortgage payment.
  3. Add the Down Payment:
    • If you have a down payment, enter that amount into the calculator. This will reduce the loan amount, which affects your monthly payment and overall cost.
  4. Consider Property Taxes and Insurance (Optional):
    • If known, include estimated property taxes and homeowners’ insurance (and possible HOA if there is one). If you choose to include these, enter the annual amounts/percentage.
  5. Calculate:
    • After entering all the necessary information, our calculator will automatically provide you with your estimated monthly mortgage payment. The calculator will display your monthly principal and interest payment. It may also show the total interest paid over the life of the loan and the total cost of the loan. Take note of these figures.
  6. Adjust Variables (Optional):
    • Experiment with different scenarios. You can adjust variables like interest rate, loan term, and down payment to see how they affect your monthly payment and overall loan cost.
  7. Seek Professional Advice:
    • While mortgage calculators provide valuable estimates, it’s also a good idea to consult with a mortgage broker or lender to get personalized advice and pre-approval for a mortgage. If you don’t know where to start, reach out and I’d be happy to put you in touch with a local lender.

*Remember that our mortgage calculator provides estimates, and your actual mortgage terms may vary based on your credit score, lender policies, and market conditions. Please use our mortgage calculator as a helpful planning tool, but you should always consult with financial professionals for more accurate and tailored advice when you’re ready to apply for a mortgage.*







Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421