We understand that as a buyer, you face a multitude of questions:
- What home can I afford?
- How much will my mortgage payments be?
- What will my closing costs be for a new home purchase?
- Am I better off renting?
- Am I better off refinancing?
- What will my refinancing costs be?
- How much can I save in taxes?
To begin to answer these questions, the mortgage calculator below is a useful tool for determining your monthly payment for purchasing or refinancing. It can also be used to figure out how much home you can afford. The more accurate information you provide, the more accurate the numbers will be.
To use the calculator, simply complete or change the entry fields in the “Input” column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.
This calculator is intended solely for general informational purposes and to provide a rough estimate based on the information you supply. If you are looking for specific financial advice, please consult a loan officer or financial institution representative first. Any examples are hypothetical and are for illustrative purposes only. We assume no responsibility for the accuracy, reliability, usefulness, or availability of any information appearing on this page.