Mortgage Calculator: Plan Your Family Home

Turn your homeownership dreams into a clear financial plan.

Buying a home is one of the most significant investments a family will ever make. Our Mortgage Calculator helps you estimate your monthly payments, understand the impact of interest rates, and see how much you can truly afford. By breaking down principal, interest, taxes, and insurance, we provide a 360-degree view of your future housing costs.

Understanding Your Mortgage Payment

A mortgage is more than just the loan amount. Most monthly payments include four key components, often referred to as PITI:+1

1. Principal: The actual amount of money remaining on the loan.
2. Interest: The cost of borrowing the money, determined by your rate.
3. Taxes: Property taxes collected by your local government.
4. Insurance: Homeowners insurance and, if your down payment is less than 20%, Private Mortgage Insurance (PMI).

How Interest Rates Affect Your Budget

Small changes in interest rates can lead to massive differences in the total cost of your home over 15 or 30 years.

The Amortization Process

In the early years of your mortgage, a larger portion of your payment goes toward interest. As you pay down the balance, more of your money starts going toward the principal. This is why making one extra payment per year can significantly shorten the life of your loan.

Mortgage Frequently Asked Questions