Buying a home, refinancing, or investing in real estate? Explore our free mortgage calculators to estimate payments, understand affordability, compare financing options, and plan your next move with greater confidence.
Free educational tools. Estimates are not loan offers, approvals, or guaranteed terms.
Whether you’re buying your first home or comparing mortgage programs, these calculators can help you explore payments, affordability, down payments, and financing costs.
Estimate your monthly mortgage principal and interest using loan amount, interest rate, and repayment term.
Explore estimated down payments, purchase financing, and monthly housing costs before making an offer.
Estimate a potential home price range using income, monthly debt obligations, down payment, and financing assumptions.
Explore FHA mortgage payments, down payment assumptions, and applicable mortgage insurance costs.
Estimate VA mortgage payments and explore applicable funding fee assumptions for eligible military borrowers.
Explore refinancing options or evaluate rental property financing with calculators designed for more specialized mortgage goals.
Compare your existing mortgage with potential refinancing options. Explore how different loan structures may affect payments, equity, and borrowing costs.
Evaluate how rental income compares with qualifying property debt obligations. Explore potential DSCR financing scenarios for eligible investment properties.
All calculators provide educational estimates. Actual mortgage payments, qualification requirements, interest rates, loan costs, and available financing depend on lender guidelines and individual circumstances.
Every home financing situation is different. Select your goal below, and we’ll point you toward the calculator designed for your needs.
Estimate home purchase financing, down payment, and monthly housing costs.
All results are educational estimates and do not represent loan approval, guaranteed interest rates, or a commitment to lend.
A mortgage payment can include more than principal and interest. Property taxes, homeowners insurance, mortgage insurance, and other housing expenses may affect your total monthly costs.
Principal is the amount borrowed to purchase or refinance a home. As you repay principal, your outstanding loan balance generally decreases.
Interest is the cost of borrowing money. Your interest rate, loan balance, and repayment term affect your scheduled principal and interest payment.
Property taxes are generally assessed by local taxing authorities. When collected through escrow, they may be included in your monthly mortgage payment.
Homeowners insurance protects against certain covered losses. Lenders generally require acceptable property insurance coverage. Premiums may be collected through escrow.
Depending on your mortgage program, loan-to-value ratio, and other factors, private mortgage insurance or government mortgage insurance may apply.
Some properties have homeowners association dues, condominium fees, or other ongoing expenses. These costs may affect affordability even when they are not included in your mortgage payment.
Online calculators use the information and assumptions you enter. Actual mortgage payments depend on the approved loan amount, interest rate, repayment terms, property taxes, insurance premiums, mortgage insurance, and other applicable costs. A lender’s official disclosures provide more specific information about your financing.
Consider a hypothetical $300,000 mortgage with a 30-year fixed interest rate of 6.50%. Principal and interest are only part of the potential monthly housing payment.
A homeowner might focus on the $1,896 principal-and-interest payment without accounting for other monthly housing expenses.
In this example, property taxes, homeowners insurance, and mortgage insurance add approximately $501 per month.
The actual amount depends on the property, loan program, insurance requirements, and local taxes. Homeowners association fees, maintenance, utilities, and other expenses may add further costs.
Calculate My Mortgage Payment →All figures are hypothetical and rounded. The interest rate is illustrative and does not represent a current mortgage offer. Actual monthly payments depend on the approved loan terms, applicable insurance, property taxes, and other financing costs. Mortgage insurance may not apply to every loan. This example excludes HOA dues, maintenance, utilities, and other housing expenses.
Mortgage calculators are a great starting point, but every home financing situation is different. Whether you’re purchasing your first home, refinancing an existing mortgage, or financing an investment property, iLoan can help you explore available loan programs and financing options.
Ready to move forward? Begin exploring your mortgage qualification and financing options with iLoan.
Start My Pre-Approval →Compare available home purchase, refinancing, government-backed, and investment financing programs.
View Loan Programs →Explore opportunities to change your mortgage terms, access home equity, or consolidate eligible debts.
Explore Refinancing →Mortgage calculator results are hypothetical estimates and do not represent guaranteed rates, loan approval, or a commitment to lend. Actual loan terms, interest rates, mortgage insurance, closing costs, and qualification requirements depend on the selected mortgage program, lender guidelines, and individual circumstances.
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