Mortgage Payment Calculator

It shows how different loan amounts, rates, or terms affect your monthly payments, helping you budget confidently and choose the most affordable mortgage.

The calculator provides reliable estimates, but your actual payment may vary slightly depending on lender fees, insurance, property taxes, and credit profile.

Key factors include the loan amount, interest rate, loan term, property taxes, insurance, and down payment. Even small changes in rates or terms can affect affordability.

Yes! You can easily adjust property taxes, homeowners insurance, and HOA fees in the calculator to get a complete picture of your expected monthly cost.

While this calculator estimates payments, you can use ByOwner’s Home Affordability Calculator to understand what price range fits your income and budget.

Absolutely. The tool works for new purchases, refinancing, or investment homes, letting you compare payment scenarios across property types.

You can lower payments by making a larger down payment, choosing a longer loan term, or finding a lower interest rate through ByOwner’s mortgage comparison tools.

No. ByOwner’s mortgage calculator is completely free and credit-safe — it doesn’t involve a credit check or affect your credit score in any way.

Yes! Once you’ve estimated your payment, you can use ByOwner’s “Get Pre-Approved” tool to compare lender offers and lock in your best rate.