Tools & Resources
Mortgage Calculator
Estimate your monthly payment in seconds. Adjust the numbers to fit your situation.
Today's National Average Rates
Click any rate card to instantly apply it to the calculator below.
Loan Details
$400,000
50,0002,000,000
10% ($40,000)%
0%50%
Loan Amount$360,000
6.50%%
2%15%
30 yrs yrs
5 yrs30 yrs
Taxes & Insurance (optional)
1.80%%
0%4%
$$150/mo
$0$1,000
Estimated Monthly Payment
$3,175.44
30-year fixed · 6.50% rate
Payment Breakdown
Principal & Interest
$2,275.44Property Tax
$600.00Homeowners Insurance
$150.00PMI (< 20% down)
$150.00Loan Summary
Loan Amount$360,000
Down Payment$40,000 (10%)
Total Interest Paid$459,160
Total Cost of Loan$819,160
PMI applies because your down payment is under 20%. PMI is typically removed once you reach 20% equity. Eddie can walk you through options to avoid or eliminate it.
This calculator provides estimates for informational purposes only and does not constitute a loan commitment or guarantee of any specific rate or terms. Actual payments will vary based on your credit profile, loan type, lender fees, and other factors. Contact Eddie for a personalized quote.
Ready for a real number?
A calculator is a great starting point — but Eddie can give you an actual rate based on your credit, income, and goals.