Financial Tools
Mortgage Calculator
Plan your home purchase with our comprehensive mortgage calculator. Get accurate estimates for your monthly payments and total costs.
Loan Details
Estimated Monthly Payment
$3,128
Principal & Interest
$2,528.27
Property Tax
$500.00
Home Insurance
$100.00
Loan Amount
$400,000
Total Payment
$1,126,178
Over 30 years
Total Interest
$510,178
127.5% of loan
Down Payment
$100,000
20% of home price
Monthly Payment Breakdown
Amortization Schedule
Click "Show Details" to view the complete year-by-year amortization schedule showing how your payments are split between principal and interest.
Expert Insights
Mortgage Tips
Down Payment
A larger down payment (20% or more) can help you avoid private mortgage insurance (PMI) and secure better interest rates.
Credit Score
A higher credit score can qualify you for lower interest rates. Consider improving your score before applying for a mortgage.
Loan Term
A 15-year mortgage has higher monthly payments but saves significantly on total interest compared to a 30-year term.
Ready to Get Started?
Let's Find Your Dream Home
Now that you have an idea of your monthly payments, let me help you find the perfect home within your budget. With my expertise in California, Maryland, and Texas markets, I'll guide you through every step.
Disclaimer: This calculator provides estimates for informational purposes only. Actual loan amounts, interest rates, and monthly payments may vary based on your credit profile, lender requirements, and current market conditions. Please consult with a qualified mortgage professional for accurate quotes.