Calculate Your Monthly
Mortgage Payment in Seconds
Use our mortgage calculator to estimate your monthly payment, interest costs,
and home affordability before you buy.
Estimate Your Home Loan Payment in 3 Simple Steps.
1️⃣ Enter Your Loan Details
Home price, down payment, interest rate, and loan term.
2️⃣ Adjust Your Payment Preferences
Add property taxes, homeowners insurance, and HOA fees for accuracy.
3️⃣ View Your Estimated Monthly Payment
See a breakdown of principal, interest, taxes, and insurance.
What’s Included in Your Monthly Mortgage Payment?
When you take out a mortgage, your monthly payment typically includes:
Principal: The amount you borrowed and are repaying.
Interest: The cost of borrowing money, based on your loan rate.
Property Taxes: Set by your local government, usually included in your mortgage payment.
Homeowners Insurance: Protects your home from damage and disasters.
Private Mortgage Insurance (PMI): Required if your down payment is less than 20% (not required for VA loans)
Find Out What’s Within Your Budget.
Your home affordability depends on several factors, including:
Income & Employment History – Lenders prefer stable income sources.
Credit Score & Debt-to-Income (DTI) Ratio – Determines your loan approval and interest rate.
Down Payment – The more you put down, the lower your monthly payment.
Loan Type & Interest Rate – FHA, VA, and Conventional loans have different requirements and costs.
📌 Pro Tip: Lenders typically recommend spending no more than 28-36% of your monthly income on housing expenses.
Common Questions About Home Loan Calculations.
How accurate is this mortgage calculator?
It provides an estimate, but actual payments may vary based on loan terms, lender fees, and local tax rates.
Does this calculator include closing costs?
No, but our mortgage experts can provide a detailed loan estimate with all costs included.
How can I lower my monthly mortgage payment?
• Make a larger down payment.
• Improve your credit score for better interest rates.
• Choose a longer loan term (30 years instead of 15 years).
What’s the best loan option for first-time buyers?
FHA and Conventional 97 loans offer low down payment options.
Do VA and USDA loans have lower payments?
Yes! VA and USDA loans require no down payment and have lower mortgage insurance costs.
Ready to See Your Real Mortgage Payment?
While this mortgage calculator provides a great estimate, we can help you get a more accurate quote based on your unique financial situation.
Harmony Home Mortgage provides expert home loan solutions, including FHA, VA, Conventional, USDA, and Non-QM loans. Licensed in FL, GA, NC, SC, and MI, we make homeownership simple and stress-free.
Business Hours
Monday – Friday: 9 AM – 6 PM
Saturday: 10 AM – 2 PM
Sunday: Closed
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Harmony Home Mortgage is an independent mortgage broker licensed in Florida, Georgia, North Carolina, South Carolina, and Michigan.
NMLS ID: 1162063
Business NMLS ID: 2629625
All loans are subject to underwriting approval. This is not a commitment to lend. Terms and conditions apply.
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