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Monthly Mortgage Payment Calculator
Calculate your estimated monthly mortgage payment for your new home purchase.
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- Home Buying 101
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Your monthly payment includes repayment of the loan, plus monthly interest on the outstanding balance. Using amortization, your monthly payment remains the same, while the percentage of the amount that goes towards principal will increase as the outstanding mortgage balance decreases.
Explore our wide range of mortgages1, such as FHA, fixed-rate and adjustable rate mortgages, as well as mortgage types for veterans and physicians. Like choosing the floor plan for your new home, you can select the life of your loan and if you want your mortgage payment to include your insurance premiums or you’d like to pay your insurance provider separately.
Buying a home may feel overwhelming at the beginning if you’re only looking at the life of your loan. Using a mortgage calculator, however, allows you to anticipate costs associated with your loan amount and loan term and prepare accordingly.
Wondering if your credit score will affect your potential interest rate? You can put your credit rating in a good spot by paying your bills on time, keeping credit card debt under control, and paying down debt.
Working with a knowledgeable mortgage banker is key to a stress-free home buying experience. Find a loan officer near you when you’re ready to take that next step.
Have Questions About Home Loans?
View All FAQsHow much home can I afford to purchase?
The home you can afford is based on the amount of mortgage loan you can comfortably support. Generally, the amount of mortgage you qualify for is based on some basic information such as: your income, debts, assets, credit history, current employment situation, and any other obligations you may owe. Another factor that will impact the amount of home you can afford is how much cash is required for down payment and closing costs.
Try our “How Much Home Can I Afford?” calculator to get an estimate and see how much you can potentially afford.
Should I get pre-qualified for a mortgage before I shop for a home?
Getting prequalified for your mortgage is an important step before you shop for a home. It tells you how much home you can buy and makes applying for your mortgage easier. A mortgage prequalification can also give you additional leverage with a seller in negotiating the best possible terms of the sale.
Are there any special programs for first-time homebuyers?
First-time home buyer programs are for individuals who meet certain income requirements, who are financing property in certain census tracts, or who meet other special requirements. We participate in special loan programs throughout the state and USDA Rural Housing Loans. Benefits include:
- Lower down payments than most other financing options so you will not need as much cash to buy a home.
- Competitive interest rates.
- Reduced closing costs and mortgage loan fees.
Other restrictions may apply.
How can I lock my interest rate?
Generally, you must complete a full mortgage application in order to lock a rate. You can work with your loan originator to discuss your mortgage options. He or she will also help you complete the application and lock in a rate when you are ready.
How much cash will I need for closing costs?
Closing costs generally range from 2% to 3% of your loan amount. Closing costs can be divided into three main categories:
- Lender fees. Fees can include origination and points.
- Third-party fees. These fees vary by state and the attorney you select to close your loan. They can include attorney’s fees for closing, title exam, credit report, appraisal, title insurance and recording.
- Prepaid items. These are items collected at the time of closing but are not really considered costs including interim interest, taxes, and hazard insurance.
You will be provided with an estimate of your closing costs soon after your application has been received. These estimates could change if you change the product type or loan amount.

Experienced Mortgage Professionals
Important Legal Disclosures and Information
- This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
- Rates, terms and conditions offered are subject to change.