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Mortgage Payment Calculator

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 FRM 4.22%
15 Year FRM 3.58%
FHA 30 Year Fixed 4.00%
Jumbo 30 Year Fixed 4.35%

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



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

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
Enter a value
Term in years
Number of years you have to pay.
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


Principal & Interest

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).