Disclaimer: This calculator rounds up or down to the nearest dollar. Please keep that in mind when you are using this calculator. Please contact us if you need the exact figures at [email protected].

How to calculate a mortgage payment


Under “Home price,” enter the price (if you’re buying) or the current value (if you’re refinancing). 

Under “Down payment,” enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A down payment is the cash you pay upfront for a home, and home equity is the value of the home, minus what you owe.

On desktop, under “Interest rate” (to the right), enter the rate. Under “Loan term,” click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap “Refine Results” to find the field to enter the rate and use the plus and minus signs to select the “Loan term.”

You may enter your own figures for property taxeshomeowners insurance and homeowners association fees.

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About Us

Obtaining the lowest mortgage rate at the least amount of cost is a very important step in the mortgage process however it is not enough to equate to a successful home ownership! Learning the proper steps to eliminate debts, mortgage debt and counterbalancing household finance is essential.

Richard Dixon Owner
Mortgancial Planner
502-643-2301
Company NMLS 2441422
Individual NMLS 60765
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