Enter the purchase price of the home you want to buy. You can also enter the amount that you think you will offer to the seller.
Most home loans require a down payment of at least 3%. Remember, the higher your down payment, the lower your monthly payment will be.
Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and 5/1 ARM in the calculator.
This is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.
Home insurance or homeowners insurance is typically required by lenders. You can find average insurance rates for the local area online.