Mortgage payment calculator
Estimate your monthly payment, see where each dollar goes and test how a bigger down payment or extra principal changes the picture.
Your numbers
Example value. Enter the rate you were quoted.
Example value. Origination, discount points and other lender charges paid at closing. Used for the APR estimate only.
As a percent of home price. Varies by county.
Applies when the down payment is under 20%. Actual cost depends on loan type and credit.
Optional. See how much interest and time you could save.
Estimated monthly payment
/ month
- Principal and interest$0
- Property tax$0
- Home insurance$0
- HOA$0
- Mortgage insurance$0
- Loan amount
- $0
- Loan to value
- 0%
- Estimated APR
- -
- Total interest
- $0
- Mortgage-free by
- -
The APR is an estimate. It spreads the lender fees above and any mortgage insurance (until the balance reaches 80% of the price) over the loan term, so it is higher than the interest rate. It leaves out taxes, insurance and HOA. Your Loan Estimate shows your official APR.
You could save about $0 in interest and finish sooner than the standard schedule.
What you type here stays in your browser. Nothing is sent unless you press Email this estimate and send the message yourself.
Yearly breakdown
| Year | Principal paid | Interest paid | Balance |
|---|
This calculator gives estimates for education only. It is not a Loan Estimate, a rate quote, a pre-approval, an offer to lend or a commitment to lend. The interest rate, taxes, insurance, mortgage insurance and other amounts shown are examples you can change, not terms offered by oNEST Lending Solution or Xpert Home Lending, Inc. Your actual payment depends on your loan program, credit, property, location and the rate at the time you lock. Mortgage insurance, property taxes and homeowners insurance can change over time.
Rate watcher
Watch where rates are moving
National average mortgage rates from Mortgage News Daily, updated each weekday afternoon. Use the rate you were quoted in the calculator above, not these averages.
- Updated by Mortgage News Daily on weekdays, with Freddie Mac weekly survey figures.
- Your own rate depends on credit, down payment, loan type, property and timing.
- The APR adds fees and points to the rate. Estimate it with the APR tool in this section.
- Try the payment calculator or talk to a loan officer for a personal quote.
These are national average rates published by Mortgage News Daily, an independent source. They are not rates offered by oNEST Lending Solution or Xpert Home Lending, Inc., not an advertisement for any loan program and not a commitment to lend. Loading the widget connects your browser to Mortgage News Daily; see our privacy policy.
From rate to APR
Mortgage News Daily publishes interest rates only. The APR also reflects fees and points, so use this estimate to compare offers on the same footing.
Type a rate from the table above or the rate you were quoted.
Example value. Charges paid at closing that count toward the APR.
Estimate for education only, not an APR disclosure, rate quote or offer. It assumes the fees are paid at closing and no mortgage insurance. Your Loan Estimate shows your actual APR, which depends on your loan, fees, points and mortgage insurance.
How it works
What is in a monthly payment
Your loan officer can turn these estimates into real numbers for the loan programs you qualify for.
Principal and interest
The part that repays the loan and pays the lender. Early payments are mostly interest, and later payments are mostly principal.
Property tax and insurance
Many lenders collect these monthly into an escrow account and pay the bills for you. Both vary by county and by home, so use your own numbers when you have them.
Mortgage insurance
Often required when the down payment is under 20% on a conventional loan, and built into FHA loans in a different way. Ask your loan officer how it applies to your loan.
HOA dues
Condos and some neighborhoods charge monthly dues. Lenders count them when they review your budget.