If you’re thinking about purchasing a house or refinancing the one you’re in, two daunting questions may surface: How much cash do I need for a down payment? And, how much can I afford based on my down payment as well as my monthly income?
Estimate your monthly payment
Our mortgage calculator can help you run the numbers and answer those questions. It determines your monthly mortgage payment based on the principal loan amount, loan term length and annual interest rate. It’ll also compute your total mortgage payment, including property taxes, homeowners’ insurance and more.