Use this interactive calculator to estimate your monthly payment. Quickly see how much interest you could pay and your estimated principal balances. Start by selecting your mortgage details on the right and the calculator will update automatically. Click the plus icon or hover over the chart to see the amount of each breakdown. You can even see how much you will pay over the life of your loan as well as the estimated monthly amortized schedule by clicking "Over time" and "Amortization" in the view bar.
The first step in buying a home is determining your budget. Use this interactive calculator to find out how much you can afford. Start by adjusting the entry fields on the right and the calculator will automatically update. Click the plus icon or hover over the chart to see the details of your mortgage and payment. Click "Amortization" in the view bar for a complete monthly schedule of your mortgage payments.
Should you rent or should you buy? It takes more than looking at your mortgage payment to answer this question. This interactive calculator lets you weed through the fees, taxes and monthly payments to help you make a decision between these two options. Enter the original purchase price, fees and taxes payable at that time and click the plus icon or hover over the chart to compare the costs.
This calculator is for illustrative purposes only and does not reflect availability of programs or all possible costs including, but not limited to, mortgage insurance or special tax assessments. Actual payment will vary based on factors such as points, loan-to-value, borrower’s credit, property type and occupancy. Minimum credit score required. Not a commitment to lend.