MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Full Name
Phone

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

REVIEWS

Lynn Hermsted

“I have a shared client/friendship relationship for almost 30 years. I've come to know this woman who is thoughtful and caring, always willing to help, whenever she sees a need. She is organized and prioritizes her work with careful attention. Karen always finds a way to complete her business dealings in detail efficiently and timely manner. Her ethics are exemplary. Anyone working with her can rest assured the are in capable hands”.

Jane Twiss

“Karen is not only a successful business owner/operator but is a devoted wife and involved mom. She has a loving extended family as well as numerous long time friends and clients who are in awe of her professionalism and creative ability to balance all successfully. I’ve known Karen for over 25 years professionally”

Cinthia Mortesen

“I listed/sold my home with Karen and in talking to her about my choices she listens and able to suggest to me the best direction for me to take. We sold in about 11 days. She always goes the extra mile to help in any of my dealings. Always in touch, responds to all my questions and making sure I was comfortable with the process. I have know Karen for about 10 years and within the first 10 minutes I knew she would be a friend and confidant for life. Immediately comfort and trust after talking to her for a short amount of time. She will be truthful and direct in conversation or helping to guide to your desired results. A friend for life, she is just a kind person”.

Always here to help. Let's connect!

Karen Iwakoshi

Real Estate Consultant | License ID: 01971542

+1(562) 595-3264 | karen@iwakoshirealtor.com

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.