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Mortgage payment, refinance, and affordability calculators

Use these mortgage calculators to estimate monthly payments, compare refinance options, and see what home price you may afford based on income and debts.

Conventional Loan Calculator
FHA Loan Calculator
VA Home Loan Calculator
Refinance Loan Calculator
Loan Affordability Calculator

Conventional mortgage payment calculator with PMI estimate

A conventional mortgage payment calculator estimates your principal and interest payment, plus property taxes, homeowners insurance, HOA, and PMI when applicable.

How to Use the Conventional Home Loan Payment Calculator

  • Enter purchase price and down payment %

  • Add your interest rate

  • Include annual property taxes, annual home insurance, and monthly HOA

  • Keep mortgage insurance (PMI) on when down payment is under 20%

  • Compare scenarios by adjusting down payment or interest rate

What a Conventional Mortgage Calculator Helps You Compare

  • 5% vs 10% vs 20% down payment impact

  • PMI impact on the total monthly payment

  • Total payment with taxes, insurance, and HOA included

$

5%

1.25%

6%

0.75%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly PMI $0

Disclaimer: Results are estimates for planning only and are not a loan approval, rate lock, or commitment to lend. Conventional loan terms vary based on credit, down payment, loan-to-value (LTV), occupancy, and property type. Private Mortgage Insurance (PMI) may be required if applicable and can change your payment; taxes, insurance, and HOA fees may not be fully reflected unless entered.

FHA mortgage calculator with MIP payment estimate

A conventional mortgage payment calculator estimates your monthly payment including principal, interest, property taxes, homeowners insurance, HOA fees, and PMI when applicable.

How to use the conventional home loan payment calculator

  • Enter the purchase price and down payment percentage

  • Add the interest rate

  • Include annual property taxes, annual home insurance, and monthly HOA when relevant

  • Keep mortgage insurance enabled if you are under 20% down

  • Adjust one input at a time to compare monthly payment scenarios

What this conventional mortgage calculator helps you compare

  • Down payment options such as 5%, 10%, and 20%

  • PMI impact on the total monthly payment

  • Total housing payment including taxes, insurance, and HOA

$

3.5%

1.25%

6.25%

$
$

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Up-Front MIP (1.75%)$0

Monthly Mortgage Insurance $0

Disclaimer: Results are estimates for planning only and are not a loan approval, rate lock, or commitment to lend. FHA loans include Mortgage Insurance Premiums (Upfront and/or Annual MIP) when applicable, which can affect payment and cash-to-close. Final terms depend on credit, FHA guidelines, property standards, loan limits, appraisal, and underwriting requirements.

VA loan mortgage calculator for zero down payment scenarios

A VA loan calculator estimates a monthly payment for eligible borrowers, often with zero down and no monthly PMI.

How to use the VA mortgage payment calculator

  • Enter the purchase price

  • Add your down payment if you plan to put money down

  • Enter the interest rate

  • Include property taxes, home insurance, and HOA as needed

  • Keep mortgage insurance at zero since VA loans do not use monthly PMI

What this VA loan calculator helps you estimate

  • Monthly payment with zero down

  • Payment changes when adding a down payment

  • Total payment including taxes, insurance, and HOA

$

0%

6.25%

1.25%

$
$

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

Amount Financed $1421

Disclaimer: Results are estimates for planning only and are not a loan approval, rate lock, or commitment to lend. VA loans require eligibility and a Certificate of Eligibility (COE); final terms may be impacted by VA funding fee (if applicable), credit, residual income guidelines, property requirements, and underwriting.

Mortgage refinance calculator to compare rates, terms, and refinance fees

A refinance calculator compares your current mortgage to a new loan estimate using a new rate, new term, and refinance fees to show how the monthly payment could change.

How to use the refinance calculator to estimate savings

  • Enter your original loan amount, current interest rate, current term, and origination year

  • Enter the new loan amount, new interest rate, and new loan term

  • Add refinance fees for a more accurate comparison

  • Review the new payment estimate and adjust rate or term to test scenarios

What this refinance calculator helps you decide

  • Whether refinancing could lower the monthly payment

  • Whether changing the term could reduce total interest paid

  • How refinance fees affect the overall outcome

$
%
months
$
%
months
$

Refinancing could save you

$/month

New monthly payment $

Refinance fees $

Lifetime Savings $

Disclaimer: Results are estimates for planning only and are not a loan approval, rate lock, or commitment to lend. Refinance outcomes vary based on credit, property value/appraisal, current lien details, program eligibility, and closing costs; extending the term or financing costs may increase total interest paid. Cash-out refinance options and pricing are subject to underwriting and lender requirements.

Home affordability calculator to estimate how much house you can afford

A home affordability calculator estimates a price range based on your income, monthly debts, down payment, property taxes, home insurance, and interest rate.

How to use the mortgage affordability calculator

  • Enter annual income and monthly debts

  • Add estimated annual property taxes and annual home insurance

  • Enter your down payment amount

  • Enter the interest rate

  • Adjust income, debts, down payment, or rate to compare affordability scenarios

What this affordability calculator helps you plan

  • A starting price range before house hunting

  • How debt affects buying power

  • How rate changes affect affordability

$
$
$
$
$
%

You can afford up to

$

Monthly Payment $

Principal & Interest $

Tax $

Insurance $

Disclaimer: Results are estimates for planning only and are not a loan approval, rate lock, or commitment to lend. Affordability is influenced by income, debts, credit, down payment, loan program guidelines, and items such as taxes, insurance, PMI/MIP, HOA fees, and current interest rates. Final qualification and payment are determined through a full application and underwriting review.

Email your mortgage calculator results to save and compare scenarios

Emailing your results helps you keep estimates for later, compare multiple options, and ask better questions when you are ready for a personalized quote.

FAQ Mortgage calculators, payments, refinance, and affordability

What does a mortgage calculator estimate?

A mortgage calculator estimates a monthly housing payment using the numbers you enter, such as the loan amount, interest rate, taxes, insurance, HOA fees, and mortgage insurance when applicable.

No. Calculator results are planning estimates only. A loan approval and a locked rate require a full application, supporting documents, and an underwriting review.

Most monthly payments include principal and interest. Many also include property taxes and homeowners insurance through escrow. Some loans may also include HOA fees and mortgage insurance.

Conventional estimates may include PMI when you put less than 20% down. FHA estimates often include mortgage insurance called MIP. VA estimates typically do not include monthly mortgage insurance, but a VA funding fee may apply depending on eligibility.

PMI is private mortgage insurance. It commonly applies to conventional loans when the down payment is under 20%. It increases the monthly payment until the loan reaches certain equity thresholds based on lender guidelines.

FHA mortgage insurance, called MIP, is typically required on FHA loans. It can include an upfront premium and an annual premium, which may be reflected in the monthly payment estimate depending on the calculator setup.

VA loans generally do not require monthly PMI. However, many VA loans include a funding fee unless the borrower is exempt, and that fee can affect cash to close or the financed balance.

Taxes and insurance are often large monthly costs, and they vary by location, home value, coverage, and provider. Entering realistic estimates makes the calculator result much closer to a real payment.

A good default interest rate is a market-based estimate you can adjust. For realistic planning, use a current average rate as a starting point, then test higher and lower rates to see how your payment changes.

The interest rate is the cost of borrowing for the loan itself. APR includes certain finance charges and fees, so it is often higher than the interest rate and can help you compare loan offers more fairly.

A refinance calculator compares your current loan terms to a new loan scenario using a new rate, term, and estimated refinance fees. It shows how the monthly payment could change and helps you evaluate the cost versus the benefit.

Refinance fees can include lender fees, an appraisal, title services, escrow, recording, and other closing costs. The total varies by loan size and location, so using a realistic fee estimate improves accuracy.

Affordability calculators estimate a price range based on income, debts, down payment, interest rate, and housing costs. It is a planning tool to help you narrow your search before applying.

Monthly debts impact your debt-to-income ratio, which lenders use to evaluate qualification. Higher debts can reduce the estimated price range even when income is strong.

Yes. Emailing results is a simple way to save your numbers, compare scenarios, and share estimates with a spouse or co-borrower. If you reply to the email with your goals, you can also request a more personalized estimate.