Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Client Testimonials

Lisa Girolami

Personal recommendations go a long way when trying to pick a realtor. I mean, they're involved in a big outlay of your cash so you want the best person to handle your investment, right?! So when my realtor in another state recommended that I contact Richie, I called him right away. And now, I am highly recommending that you call Richie if you require A+ service. His vast knowledge and experience, coupled with incredible communication skills, made me immediately feel comfortable. When trusting the integrity of a realtor is highest on your list, Richie is hands down the one to make the most of your investment. Plus, he's just such a wonderful and personable guy! You're gonna love him!

Al Nelson

I worked with Richie for nearly 3 years looking for a home in the Prescott area from my full time residence in Idaho. He helped me monitor home availability and would examine and video homes I wanted to see or might do the same for something he thought I might like. If he felt I should come down or I wanted to see something in person, he was always available to help when I arrived. His attitude and approach was consistently positive during this lengthy search period up to the day I closed on my new home!

Melissa Shah

We had a great experience with Richie. He was very accommodating with our schedule constraints and helped us find a home quickly. Anne was wonderful with all of the follow up logistics and we had a smooth close.

Kevin

Richard kept us up to date through the whole process keeping any surprises to a minimal, giving advise when needed

Jan and kevin

My husband and I have had three home sales and purchases with Richie in the last 8 years. He has always been professional, friendly and the moves have been relatively easy. I would recommend him highly for the sale of your home or in finding one in the Prescott area. Thx for all your help Richie and maryanne.

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Richie Laser
Richie Laser

REALTOR® | License ID: SA539784000

+1(480) 241-3104 | richie@richietherealtor.com

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