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.
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Your mortgage payments over 30 years will add up to $0.

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.

Client Feedback

Alayne Pojunis

Last year we hit a critical time in our lives due to a job loss. We made the decision to sell the house. From the moment Karen answered our first call, she was all in (with an extremity tight timeline) to help us in any way possible to sell everything we needed to, and to prepare our home to be ready to sell for the best price possible. We are so grateful and wouldn't hesitate to recommend her to anyone.

Fr. Christos Kanakis

We had the absolute pleasure of working with Karen as our realtor, and we couldn’t be more grateful for her guidance and support throughout the process. From the very beginning, she was professional, kind, and incredibly knowledgeable. She took the time to understand our needs, provided clear and informative guidance, and helped us find the perfect home. Karen’s expertise in the area was invaluable—she knew the neighborhoods inside and out, which made our search so much easier. Her attention to detail and thorough approach ensured that every step of the process was smooth and stress-free. Not only is she an exceptional realtor, but she is also a genuinely wonderful person to work with. If you’re looking for a realtor who is professional, personable, and truly dedicated to her clients, we highly recommend Karen. She made what could have been a daunting experience feel seamless and enjoyable!

Cinthia Mortesen

"I listed/sold my home with Karen and in talking to her about my choices, she listens and able to suggest me the best direction for me to take. We sold in about 11 days. She always goest the extra mile to help in any of my dealings. Always in touch, responds to all my questions.

Always here to help. Let's connect!

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Karen Iwakoshi

Real Estate Consultant | License ID: 01971542

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

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