Calculators
Mortgage Payment Calculator
Results are estimates only. See the disclosure below the results.
Monthly payment estimator
Explore a monthly payment. Values are estimates only.
Estimated total monthly payment
$2,614.62
Estimated APR
6.539% Estimated APR
Estimated APR is provided for informational purposes only. Actual APR may vary based on lender terms, fees, credit profile, and other factors.
Total principal & interest payments: $728,142
Estimated loan amount: $320,000 · Loan term: 30 years
- Principal & interest
- $2,022.62
- Property taxes
- $400.00
- Homeowners insurance
- $133.33
- Mortgage insurance
- $58.67
- HOA dues
- $0.00
Estimated APR
6.539%
Interest rate: 6.500%
Prepaid finance charges: $1,295.00
Amount financed: $318,705.00
The Annual Percentage Rate (APR) shown is an illustrative estimate for educational purposes only. It is calculated from the figures you enter and assumes the loan is held to full term with no changes. It is not a quote, offer, commitment to lend, or an advertisement of specific credit terms. Actual APR depends on the final loan amount, interest rate, term, and the finance charges that apply to your transaction, and will be disclosed on your Loan Estimate and Closing Disclosure. Third-party costs that are not finance charges (such as appraisal, title services you shop for, recording fees, taxes, and homeowners insurance) are excluded from APR. Rates, fees, and terms are subject to change and to credit approval; not all applicants will qualify.
How This Calculator Works
Understanding Your Estimated Monthly Payment
This calculator estimates a full monthly housing payment, not just principal and interest, so you can see what a price and down payment may mean for your budget.
What the inputs mean
Home price and down payment set the loan amount. The interest rate and term drive principal and interest. Property taxes, homeowners insurance, mortgage insurance, and HOA dues are added on top because they are usually part of what you pay each month.
How to read the results
The monthly total is the figure to compare against your budget. Estimated APR folds lender fees, discount points, and other prepaid finance charges into a single yearly cost figure, so it is usually a little higher than the note rate. Use it to compare scenarios, not as a quoted rate.
What it does not include
Your actual rate, mortgage insurance, taxes, and insurance depend on your credit, the property, the program, and market conditions. Use the estimate as a starting point for a conversation, not as a quote.