Mortgage Calculator

This mortgage calculator will help you estimate the costs of your mortgage loan. Get a clear breakdown of your potential mortgage payments, including taxes and insurance.

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Edit Your Mortgage Details
Minimum value is 10,000 Dismiss
Maximum value is 10,000,000 Dismiss
Down payment cannot be greater than home price. It has been reset to 20% of home price. Dismiss
Total Loans Amount
Loan Term
Minimum value is 1. Dismiss
Maximum value is 12. Dismiss
Annual Property Tax cannot be greater than 10% of the home price. It has been reset to 10% of home price. Dismiss
Monthly payment breakdown

Based on a $400,000 mortgage

  • Principal & interest
  • + $
  • + $
  • + $
  • + $
  • + $
Total monthly payment
= $2,147
Amortization for mortgage loan

Based on a $400,000 mortgage

  • Remaining Mortgage Balance
  • Principal Paid
  • Interest Paid
Total principal: 400,000
Loan Term 30-year fixed
(Your Inout)
15-year fixed 30-year fixed
Total Monthly Payment $2,147 $3,280 $2,509
Mortgage Rate 7% % %
Total interest paid $373,023 $190,327 $503,087
Loan Term 15-year fixed 30-year fixed 5/1 ARM
Rick tolerance Low Low High
Principal and interest Fixed payments Fixed payments Variable payments after 5th year
Recommended homeowner’s duration 15 years 30 years 5 years
Monthly payment High Low Low
Equity High Low High
Data source: ©Zillow, Inc. 2006 - 2023. Use is subject to the Term of Use
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This loan is within your budgetThis loan is exceeds your budget

Your maximum mortgage is $523,079

Monthly payments
+ $
divided by

Other Financial Considerations

In addition to making your monthly payments, you should consider other financial considerations, particularly upfront costs and recommended income, to afford your new home safely.

Recommended Minimum Savings

Minimum Down Payment
Closing Costs
Estimated Cash Needed to Close
Recommended Cash Reserve
Total Recommended Savings

Recommended Minimum Income

This is based on our recommendation that your total monthly spend for your monthly payment and other debts should not exceed 36% of your monthly income.

Housing Payment
Other Monthly Debt

Compare Current Mortgage Rates

Today’s Mortgage Rates

Product Today Last Week Change
30 year fixed 6.71 6.79 -0.08
15 year fixed 6.07 6.18 -0.11

National Mortgage Rates

Source: Freddie Mac Primary Mortgage Market Survey, SmartAsset Research

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