Calculate your Monthly Payment and Review your Loan Options

Use our mortgage calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term and interest rate to see how your monthly payment changes.

Deciding how much house you can afford

If you’re not sure how much of your income should go toward housing, follow the tried-and-true 28/36 percent rule. Most financial advisers agree that people should spend no more than 28 percent of their gross income on housing (i.e. mortgage payment), and no more than 36 percent of their gross income on total debt, including mortgage payments, credit cards, student loans, auto loans bills and the like.

Ready to buy?

If you are planning to buy in the next 45 days, it’s important to get pre-qualified since many sellers only consider pre-qualified offers. Getting pre-qualified is also the next step toward pre-approval, where you can lock in your interest rate.