Mortgage Calculator
Shows the full monthly payment with taxes, insurance, PMI and HOA, plus the loan balance over time. Also handles extra payments and discount points.
Open the Mortgage CalculatorStep by step
- 1
Set the home and loan
Slide the home price, down payment percent and interest rate. Pick a 30-year or 15-year fixed loan.
- 2
Add carrying costs
Enter the property tax rate, insurance per year, HOA per month and the PMI rate. PMI is added only when the down payment is under 20%.
- 3
Try paying it off sooner
Under More ways to pay it off sooner, add extra principal each month, once a year, or a one-time lump sum with a payment number. Add the first payment date to get real payoff dates.
- 4
Try discount points
Under More details, enter points and the rate cut per point to see the cost, the monthly savings and when they pay for themselves.
- 5
Download the PDF
If you like, pick a client and property in the Client & property menu above the button so the PDF says who it's for. It doesn't change your numbers. Download the Monthly Payment Breakdown PDF with your name, photo and phone on it; it saves to the Results tab.
- 6
Send it to clients
The Share tab has your branded link for this calculator, with buttons to copy, text or email it. Clients can run it there on their own.
Reading the results
The top number is the estimated monthly payment, with total interest over the term. The ring splits it into principal and interest, tax, insurance, PMI and HOA.
Below are the loan balance curve, the payment if the rate moves half a point either way, and a year-by-year table. With extra payments, a table shows the new payoff date, time saved and interest saved.
What the PDF has
The loan, the monthly payment breakdown, the rate table, points and extra payments when used, balances after 5 and 10 years, and a full amortization table with every year.
Estimates to check
Taxes and insurance are estimates; the loan servicer sets the actual escrow. The tax is a percent of price, so use your local rate.
On your branded page
Clients can run this calculator on your branded page, techybroker.com/b/{handle}, under Buying. To download the PDF they give a name and an email or phone. That adds them to your clients, and their runs and downloads show in Activity.
Questions
When does PMI apply?
When the down payment is under 20%. It uses the PMI rate you enter, as a yearly percent of the loan.
Why does the screen show only every fifth year?
To keep it short on long loans. The PDF has every year.
Can I get back to numbers I ran before?
Yes, if you downloaded the PDF. Open the Results tab and pick the run; the calculator fills back in with the same inputs.
Related
Works out the home price a buyer can afford from income, debts, down payment and rate, with the full monthly payment at that price.
Estimates how much cash a buyer needs at closing: down payment, fees, prepaids and escrow, less credits. Also shows the monthly payment.
Compares a permanent buydown with points against 2-1, 3-2-1 and 1-0 temporary buydowns: cost, payments, break-even and savings.
Your branded page at techybroker.com/b/{handle} has your calculators with your name and photo on them. Clients run their own numbers and download PDFs branded to you.