Estimate monthly payments, compare payoff strategies, explore refinancing, calculate affordability and understand the long-term cost of a home loan.
Each calculator focuses on a different part of buying, financing, refinancing or paying off a home.
Estimate principal and interest, property taxes, homeowners insurance, PMI and HOA costs to see an estimated total monthly housing payment.
Calculate mortgage payment →Estimate a home price range using income, monthly debts, down payment, interest rate and estimated housing expenses.
Estimate affordability →See how each mortgage payment is divided between principal and interest throughout the life of the loan.
View amortization →See how additional monthly or one-time payments could reduce interest and shorten your mortgage payoff timeline.
Calculate extra payments →Compare a traditional monthly payment schedule with a biweekly strategy and estimate potential time and interest savings.
Compare biweekly payments →Estimate when your mortgage may be paid off and see what payment amount could help you reach a specific payoff date.
Estimate payoff date →Compare estimated refinancing costs with monthly savings to see approximately how long it could take to reach the break-even point.
Check refinance break-even →Estimate common buyer closing costs and get a clearer picture of how much cash may be needed in addition to your down payment.
Estimate closing costs →Mortgage calculations can answer very different questions depending on whether you're buying, refinancing or already paying down a loan.
Start with the standard Mortgage Calculator if you want an estimated monthly payment. From there, use the more specialized tools to explore affordability, payoff strategies and refinancing.
Depending on the property and loan, your actual housing payment may also include property taxes, homeowners insurance, mortgage insurance and HOA dues. LoanMathWorks calculators are designed to separate these costs so you can see how each one contributes to the overall estimate.
Mortgage calculators provide estimates based on the information entered. Actual lender payments, rates, insurance premiums, taxes, fees and loan requirements may differ.
A mortgage payment may include principal, interest, property taxes, homeowners insurance, mortgage insurance and other property-related costs such as HOA dues.
Amortization is the process of paying down a loan over time through scheduled payments. Early in many fixed-rate mortgages, a larger portion of each payment goes toward interest. Over time, more of the payment generally goes toward principal.
Extra principal payments can reduce the outstanding loan balance faster, which may reduce future interest and shorten the payoff period. Your loan terms and any applicable restrictions should always be reviewed.
Refinancing depends on factors such as the new interest rate, closing costs, remaining loan balance, expected monthly savings and how long you expect to keep the loan. A break-even calculation can help compare those costs and potential savings.