Ken Starks · Independent Mortgage Broker · Free Estimate Tool
Mortgage Calculator
Estimate your monthly payment and see how much home you can afford. Adjust the numbers below, then call me for a real, personalized pre-approval.
Calculate Your Payment
Run your numbers
Enter a home price, down payment, rate, and term. Results update instantly.
Loan details
Principal & interest only. Your actual payment will also include property taxes, homeowners insurance, and possibly PMI or HOA fees.
How to use this mortgage calculator
Our mortgage calculator helps you estimate monthly payments before you start house hunting. According to the Consumer Financial Protection Bureau, understanding your potential payment helps you shop within your budget and avoid financial stress.
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Home Price
The total purchase price of the property you're considering.
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Down Payment
Your upfront cash investment, typically ranging from 3% to 20% of the home price.
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Interest Rate
The annual rate charged on the loan, which varies based on market conditions and your credit profile.
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Loan Term
The repayment period, usually 15 or 30 years for most conventional mortgages.
Understanding your results
This tool shows principal and interest only. Your actual payment will also include property taxes, homeowners insurance, and possibly PMI or HOA fees. According to Freddie Mac, taxes and insurance can add $200 to $600 or more to monthly payments depending on location.
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Monthly Payment
Principal and interest paid each month toward your loan.
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Loan Amount
The home price minus your down payment.
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Total Interest
All interest paid over the life of the loan.
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Total Cost
Principal plus all interest payments combined.
Get the most from this tool
Tips for using the mortgage calculator
Use this tool to compare different scenarios and find the right fit for your budget.
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Try different down payments
See how larger or smaller down payments affect your monthly payment.
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Compare 15 vs. 30 years
Understand the interest savings of a shorter loan term.
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Test different rates
Prepare for market fluctuations by stress-testing your budget.
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Find your comfort zone
Land on a payment range before you start your home search.
According to Fannie Mae, most lenders recommend keeping your housing payment under 28% of gross monthly income. Use our tool to find homes within this guideline and set yourself up for long-term financial success.
Want exact numbers?
Explore programs
This calculator estimates principal & interest. I'll give you a personalized pre-approval with real rates, taxes, and insurance for your situation.
Mortgage calculator FAQs
Common questions
How accurate is this mortgage calculator?
What is included in a mortgage payment?
How much home can I afford?
Should I choose 15 or 30 years?
How does down payment affect my payment?
Ready for accurate numbers?
The mortgage calculator provides estimates. Get a personalized pre-approval with exact payment amounts based on your unique financial situation.