Mortgage planning tools
Plan your mortgage with confidence
Estimate payments, understand affordability, compare refinancing options, and explore your loan payoff — with every assumption on screen and nothing presented as a quote.
Standard mortgage calculator
Work out the monthly payment and the full cost of the loan.
20.0% of the purchase price
Your own figure. We do not quote rates here.
From the county property appraiser, not the seller's current bill.
Get a real quote early. Florida estimates are often well off.
Often applies below 20% equity. The amount depends on the program.
Estimated monthly payment $3,075. Loan amount $360,000. Total interest over the term $459,160.
Your estimated monthly payment
$3,075/ month
Loan amount
$360,000
Total interest
$459,160
Total cost
$819,160
Payment composition
Payment composition. Total $3,075 a month: Principal $325, 11%; Interest $1,950, 63%; Taxes $450, 15%; Insurance $350, 11%.
The principal and interest split shown is your first payment. Interest falls and principal rises every month after it.
Remaining balance over time
Remaining balance falling from $360,000 at the start to $0 after 30 years.
Assumes every payment is made on schedule and nothing extra is paid.
Scenario comparison
Compare two versions of the same loan.
| Measure | 15-year | 30-year | Difference |
|---|---|---|---|
| Monthly payment | $3,136 | $2,275 | −$861 |
| Total interest | $204,478 | $459,160 | +$254,683 |
| Total cost | $564,478 | $819,160 | +$254,683 |
| Paid off in | 15 years | 30 years | — |
The same loan amount and rate over two terms. A shorter term costs more each month and far less overall.
Mortgage stress test
Hypothetical only — see what one change would do.
As entered
$3,075/mo
$36,905 a year
Rate +1 point
$3,317/mo
+$242/mo (+7.9%)
+$2,901 a year
Taxes +10%
$3,120/mo
+$45/mo (+1.5%)
+$540 a year
Insurance +25%
$3,163/mo
+$88/mo (+2.8%)
+$1,050 a year
Dues +$100
$3,175/mo
+$100/mo (+3.3%)
+$1,200 a year
Each tile moves one assumption and leaves the rest alone. None of these is a prediction that rates, assessments, premiums or dues will change, and none of them is a quote.
Helpful resources
Plain explanations of what these numbers mean.
An estimate, not an offer
Every figure on this page is arithmetic on numbers you entered. It is not a quote, a rate lock, a pre-approval, a loan offer, or a statement that you qualify for anything. Real terms depend on a full application, your credit and documentation, the property, and pricing on the day a rate is locked. Property taxes, insurance and association dues are your assumptions, not amounts quoted by anyone.
Where this leads
What changes this payment
The arithmetic above is fixed. What moves it is the program the loan is written under, the size of the down payment, and the escrowed costs that come with the property.
Conventional loans
A conventional loan is a mortgage that is not insured or guaranteed by a government agency. Most conventional lending follows Fannie Mae or Freddie Mac guidelines, which is why the requirements are relatively consistent from lender to lender.
Read moreFHA loans
An FHA loan is a mortgage insured by the Federal Housing Administration, part of HUD. The insurance is what allows lenders to accept a lower down payment and a wider range of credit profiles than conventional financing typically does.
Read moreVA loans
A VA loan is made by a private lender and guaranteed in part by the U.S. Department of Veterans Affairs. For eligible service members, veterans and certain surviving spouses it is often the strongest option available, with no down payment required on many purchases and no monthly mortgage insurance.
Read more
Terms used on this page
Also on this site
Numbers only go so far. If you want these checked against your own situation, that conversation starts here — no documents at this stage.
Homebuyers: start a conversation