Mortgage Calculator
To see your estimated mortgage payments, edit your purchase details into the tool below, and select “Update and Close.
Estimated Monthly Mortgage Calculator
About Mortgages
Most homebuyers don’t pay for a home in full upfront. Instead, they work with a lender to get a mortgage — a loan used to buy a home.
A mortgage allows you to borrow money and pay it back over time through monthly payments. If the loan payments are not made, the lender can take ownership of the home.
Your mortgage has two main parts:
- Principal: The amount of money you borrow
- Interest Rate: The cost of borrowing that money
Your monthly mortgage payment usually includes:
- Principal
- Interest
- Property taxes
- Homeowner’s insurance
- Mortgage insurance (if required)
Want to estimate your monthly payment? Use our mortgage calculator by entering your loan amount, interest rate, and loan term.
Affordability Calculator
Enter your household income, down payment, monthly expenses, and interest rate to estimate how much home you may be able to afford.
How Much Can I Afford?
Our affordability calculator helps you estimate how much home you may be able to afford based on your financial situation. Knowing your budget is one of the first and most important steps in the home-buying process. While a lender can prequalify you for a mortgage, this calculator gives you a general estimate to help you start planning.
To get started, enter:
- Your down payment
- Your gross monthly income
- Your regular monthly expenses
- Your loan term (15, 20, or 30 years)
Based on the information you provide, the calculator will estimate a home price range that may fit your budget.
Keep in mind that these estimates are only a guide. Other factors — like credit score, taxes, insurance, and lifestyle expenses —
can also affect how much home you can comfortably afford.
Once you have an estimated budget, you can begin exploring homes within your price range.
Monthly-Top Agent Performance Merced,CA