Get an idea of what your monthly mortgage payment may be, including costs associated with your mortgage such as property taxes, homeowners insurance, and Private Mortgage Insurance (PMI), if applicable.
Use our Mortgage Calculator to get an estimate of your monthly mortgage payment, as well as taxes and insurance for your potential property. Start by entering the price of the home, your down payment, and other financial details to calculate your mortgage payment breakdown, payment schedule, and more.
* Please contact your Mortgage Advisor for an official, up-to-date, mortgage interest rate – as well as the latest mortgage information and mortgage advice.
The above calculator is made available to you as an educational tool only, and calculations are based on information provided by you, the user. Any amount calculated is only an estimate.
This is not an advertisement for the above terms, interest rates, or payment amounts. Preferred Home Loans does not guarantee the applicability of the above terms in regards to your individual circumstances.
Calculations may not take into account certain loan-specific costs, including but not limited to mortgage insurance, mortgage insurance premiums, funding fees, HOA fees, etc.
Mortgage Calculator Help
Our mortgage payment calculator makes it easy to get a fair idea of how much your mortgage may be each month. Enter the following information into the mortgage calculator to get your closest possible estimate:
Enter the purchase price, or sales price, of the home you’re buying. You may also enter the maximum amount you plan to offer on a home.
Depending on your type of loan, you will likely need to make a down payment of at least 3% of the purchase price. A higher down payment may help lower your monthly payment, and it may also help you qualify for a lower interest rate, so you will need to budget accordingly.