Calculate your mortgage payment, estimate what you can afford and see the result of adding extra payments.
Taxes and Insurance are excluded from your estimated monthly payment. Your monthly payment will be greater if taxes and insurance are included.
This is your home purchase price.
Amount of money you will put down of the purchase price. Typically home buyers pay 20% down payment of the total value of the home, but there are mortgage loans which requires with little as 3% down payment.
This is a monetary loan that is repaid in regular payments over a set period of time. Loan term usually last between 15 and 30 years. Longer the loan term higher interest rate.
Annual interest rate
This is the interest rate for the loan you will receive.
Refer to Market Insight: Mortgage Rates to view current and historical interest rates.
Calculate different scenarios
Find out how making extra payments can help you pay off your house quicker. By clicking “Amortization / Payment Schedule” and enter monthly, annually or one-time payment and click on “Calculate Pay Off Date” to view your payoff date and how much interest you will be paying.
The mortgage calculator is intended for planning and educational purposes only. The assumptions made here and the output of the calculator do not constitute a loan offer or solicitation, or financial or legal advice. Please talk to a loan professional, lender, or your personal banker to estimate how much you can afford to pay for a home.