Mortgage Calculator
Estimate your monthly payment, see what you can expect at closing, and understand how your rate is built.
Rates are estimates based on Freddie Mac averages. Actual rates may vary based on lender.
Inputs
Home purchase price ($)
Down payment ($)
Down Payment: 46.7%
Loan Amount: $400,000.00
LTV: 53%
Loan term
Credit score
Interest rate
6.96% estimated based on your credit score and LTV
Monthly HOA ($)
Your Estimate
Estimated monthly payment and closing costs
Your Estimated Rate
30-year fixed
6.96%
Base rate: 6.09%
Credit adjustment: +0.87%
Total Monthly Payment
$3,806.30/mo
Principal & Interest
$2,650.05Property Tax*
$687.50Insurance*
$468.75*Property tax estimated at 1.1% and insurance at 0.75% of purchase price annually.
Estimated Closing Costs
$22,500.00
Estimated at 3% of the purchase price. Closing costs typically range from 2% to 5% and include lender fees, title insurance, appraisal, and prepaid items. Your actual costs will depend on your lender and location.
Notes: Tax and insurance are estimates and will vary by location and provider. PMI is not included but may apply if your down payment is less than 20%.
Rate data sourced from Freddie Mac Primary Mortgage Market Survey®. Rates are national averages and actual rates may vary by lender, location, and individual borrower circumstances.
Amortization Schedule