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What’s the purpose of a mortgage calculator?
Our mortgage calculator can help you estimate your monthly mortgage payment. This calculator estimates how much you’ll pay for principal and interest. You can also opt to includes your taxes and insurance in this payment estimate.
How do I use the mortgage calculator?
Start by providing the home price, down payment amount, loan term, interest rate and location. If you want the payment estimate to include taxes and insurance, you can input that information yourself or we’ll estimate the costs based on the state the home is located in.
Adding different information to the mortgage calculator will show you how your monthly payment changes. Feel free to try out different down payment amounts, loan terms, interest rates and so on to see your options.