Mortgage Calculator

Conventional Loan Calculator

Adjust your home purchase details to estimate your monthly mortgage payment.

Home purchase price ($)

Down payment ($)

$020% down$400,000

Interest rate (%)

Loan term

Credit score

Monthly Housing Expenses

Annual property tax ($)

Annual homeowners insurance ($)

Monthly HOA fees ($)

Conventional Loan Details

Annual PMI rate (%)

Estimate only. Actual PMI depends on credit, LTV, loan type, and insurer pricing.

FHA Loan Details

Upfront FHA MIP (%)

Annual FHA MIP (%)

Finance upfront MIP into the loan

Estimated MIP duration

VA Loan Details

VA loan usage

VA funding fee (%)

Default is illustrative. Verify the applicable VA funding fee for the borrower's use and down payment.

Exempt from VA funding fee Finance funding fee into the loan

USDA Loan Details

Upfront guarantee fee (%)

Annual guarantee fee (%)

Finance upfront guarantee fee

Jumbo Loan Details

Conforming loan limit ($)

Set the applicable limit for the property's location and year.

Annual mortgage insurance rate (%)

Additional Costs

Estimated closing costs ($)

Other monthly costs ($)

Loan program eligibility, conforming limits, insurance premiums, and lender fees vary. Adjust assumptions to match applicable loan guidelines.

Your Estimated Payment

Your estimated monthly housing cost based on the selected loan program.

Estimated Monthly Payment $2,528

Loan Amount: $320,000 LTV: 80%

Principal & Interest$2,023

Property Taxes$400

Homeowners Insurance$150

Mortgage Insurance / Guarantee Fee$0

HOA Fees$0

Other Monthly Costs$0

Total Monthly Payment$2,528

Monthly Payment Breakdown

Loan Summary

Purchase Price$400,000

Down Payment$80,000

Base Loan Amount$320,000

Upfront Loan Fee$0

Financed Loan Fee$0

Estimated Closing Costs$10,000

Estimated Cash Needed$90,000

Total Interest Over Loan Term$408,000

Total of Scheduled Payments$728,000

Compare Loan Programs

Comparison uses your current purchase price, rate, term, and common housing costs. Program-specific fees and insurance are applied using the settings above. For a true market comparison, enter the rate quoted for each program.

Loan Amortization Schedule

Review how your principal and interest payments change over the life of your loan.

Schedule View

Display Year

Disclaimer: This calculator provides estimates for informational purposes only and does not constitute a loan offer, loan approval, or commitment to lend. Actual interest rates, mortgage insurance, fees, eligibility, loan limits, and payment amounts vary by lender, borrower qualifications, property location, and applicable loan program guidelines. Contact a licensed mortgage professional for personalized terms and current program requirements.

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DISCLOSURES & LICENSING: Aggressive Mortgage LLC, NMLS #2408512. Tori Deshaun Simmons, Mortgage Loan Originator, NMLS #2264220. Licensed mortgage broker in the State of Georgia. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, and property eligibility. Programs, rates, terms, and conditions are subject to change without notice. For licensing information, visit www.nmlsconsumeraccess.org.