Mortgage Calculators

Mortgage calculators provide highly accurate estimates based on the information you input. However, actual rates, fees, and terms may vary based on your credit profile, lender policies, and current market conditions. Use these calculators as a starting point and consult with a loan officer for precise numbers tailored to your situation.

A typical monthly mortgage payment includes: Principal (loan repayment), Interest (cost of borrowing), property Taxes, homeowners Insurance, and if applicable, mortgage insurance (PMI/MIP) and HOA fees. This is commonly referred to as PITI (Principal, Interest, Taxes, Insurance).

No, VA loans allow eligible Veterans and service members to purchase a home with 0% down payment. However, you can choose to make a down payment to reduce your loan amount, lower your monthly payments, and potentially reduce or eliminate the VA funding fee.

Use our affordability calculator by entering your annual income, monthly debts, down payment, and interest rate. The calculator uses debt-to-income ratios (typically 28% front-end and 43% back-end) to determine the maximum home price you can afford.

Pre-qualification is an estimate of how much you might be able to borrow based on self-reported financial information. Pre-approval is more comprehensive—the lender verifies your income, assets, and credit, then provides a conditional commitment letter showing sellers you're a serious buyer.

A 15-year mortgage typically has a lower interest rate and builds equity faster, but has higher monthly payments. A 30-year mortgage offers lower monthly payments, providing more flexibility in your budget. Use our calculators to compare both options based on your financial goals.