Our online mortgage calculator makes it easy to estimate your monthly mortgage payment.
There are a few different ways you can use this tool. If you know how much you need to borrow, input that number in the “Loan Amount” field. Then, you can estimate your monthly payment based on different Annual Percentage Rates (APR) and the Length of Loan.
For example, say you need a loan of $500,000. You’d like to know what your monthly payment will be with a term of 30 years and an APR of 4.0%. Type “500000.00′ in the “Loan Amount” field. Next, type “9.0” in the “Annual Percentage Rate” field. Finally, type “30” in the “Length of Loan” field, and ensure “Years” is selected. Then, click “Calculate.” The calculator will display your projected monthly payment.
Enter the term, rate, and either the payment or loan amount – the other will be calculated for you.
The accuracy of this calculator depends on your input and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.
The Mortgage Calculator will provide you with an estimate of your mortgage payment. It is important to also take into consideration figures such as property taxes, homeowners insurance, mortgage insurance, association fees, etc. A mortgage specialist can provide you with more detailed payment information.