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Mortgage Payment Calculator Test

Your monthly mortgage payment amount depends on several factors. First, you should have an idea how much your down payment will be.  In addition to the traditional 20% down payment option, there are also many low and no down payment options available for first time home buyers.  The length of the loan–how many years you have to pay it off–will affect monthly payments as well. See the chart below to see how the length of the loan affects the payments.

Today’s Mortgage Rates*

30 Year FRM3.87%
15 Year FRM3.15%
FHA 30 Year Fixed3.50%
Jumbo 30 Year Fixed4.16%

*We are not a mortgage company and cannot in anyway guarantee rates. Please consult with a qualified mortgage planner or financial adviser.

 


MORTGAGE CALCULATOR

To figure out your monthly mortgage payment, scroll left or right below in the mortgage calculator.

Loan CalculatorMortgage Calculator
Mortgage CalculatorLoan Calculator
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How Interest Rates Affect Your Monthly Mortgage Payments

This chart shows the amount of interest plus principal you will pay for every thousand dollars for the price of a home, depending on the interest rate.

So if you purchased a home for $100,000 and you got a 30 year mortgage at a 4.0% interest rate you would pay $477.42 each month towards the interest and principal of the loan (not counting tax or insurance).

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