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Scenario tools

Mortgage

Buying a home

Mortgage Calculator

Estimate your mortgage payment, total monthly housing cost and cash needed at closing.

Loan

Other monthly housing costs

Enter property tax and homeowners insurance to see a complete monthly total.

For flood insurance, special assessments or other local costs.

Cash to close

This estimate is not a Loan Estimate, APR disclosure, preapproval or lending offer. Use taxes, insurance and closing costs from the property and lender you are considering.

Results

Enter a purchase price, loan term and note rate to calculate the loan.

A mortgage payment is only part of the housing bill

For a $300,000 loan over 30 years at a fixed 6% note rate, principal and interest are about $1,799 a month. Add $4,800 a year in property tax, $1,800 in homeowners insurance and $100 a month in HOA dues, and the illustrative monthly total is about $2,449 before mortgage insurance, maintenance or other costs.

Those taxes and charges are invented example inputs, not national estimates. Use the property's actual information and lender documents. A missing tax or insurance value is not evidence that the cost is zero.

Cash to close answers a different question from the monthly payment. Separate the down payment, financed fees, points, credits and prepaids so an item is not counted twice.

The note rate is used for payment calculations and is not the same as APR. The adjustable-rate mode is a simplified scenario, not a complete simulation of an ARM index, every cap and every reset. Confirm those terms in the Loan Estimate and related disclosures.

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