Home Loan Calculator

Let’s Crunch Some Numbers
Finding your monthly mortgage payment is easy now. No more complicated equations. It’s simple, plug it in, and our calculator will do the work.
You can use it to:
Figure out your monthly mortgage payments
Calculate amortization schedules
Get today’s mortgage rates with a personalized quote
Mortgage Information
Purchase Price
The price of a home a buyer is interested in.
Down Payment
The amount of money you would pay upfront towards your home purchase. There are loan programs that allow a minimum 3% down payment option. VA and USDA Loans offer a 0% down payment. Compare different loan benefits such as low equity/down payment with our Loan Options Chart.
Credit Score
The middle FICO credit score out of all 3 credit bureaus (Experian, Equifax, TransUnion), not the average of the 3 credit scores. A FICO credit score is between 300 and 850. A higher FICO credit score could qualify you for a lower mortgage rate.
Zip Code
Purchase property zip code.
Term of Home Loan
The number of years you would like to structure your home loan. It's important to remember that the shorter the term, the higher the mortgage payment.
Private Mortgage Insurance (PMI) is paid in monthly installments by a borrower or upfront as part of the closing costs. This insurance allows a lender to lend more than 80% percent of the property value while protecting the lender of risk or default on the home loan. PMI is only needed when the down payment is less than 20%. This insurance can be requested for removal once the mortgage is paid down to 80%. PMI is automatically removed with no request when the mortgage is paid down to 78%. Qualified Veterans do not have to pay PMI.
A person who is active in the military or has been honorably discharged. Qualified Veterans can receive 100% financing and do not have to pay Private Mortgage Insurance (PMI).
Annual Homeowner's Insurance
Annual homeowner's insurance covers damage to or losses occurring on the homeowner's property and inside the home - also, known as hazard insurance. Coverage can include liability for accidents that happen on the property or in the homeowner's house by the homeowner, family members or pets.
Annual HOA Dues
Annual Home Owners' Association (HOA) Dues are fees a condo owner pays to cover the cost of maintaining the condo buildings' common areas like landscaping, lobbies, elevators, etc.
Property Type
A description of the property a home buyer is interested in or a home owner currently owns.
Describes whether someone intends to live in the house as a primary residency or if the home will be used for different purposes like a vacation home or investment property where tenants pay rent.
disclosure assumptions
  • Mortgage interest rates quoted assumes a FICO score of 760
  • Maximum loan-to-value ratio of 80% on a primary residence
  • Interest rates and Annual Percentage Rates (APR) are assumptions based on a purchase transaction.
  • Interest rate assumptions are based on a loan amount of $300,000
  • The mortgage interest rate, Annual Percentage Rate (APR) and monthly mortgage payment may be different based on the specific terms, verification of information, credit history, property type, and other contributing factors as determined by Get A Rate.
  • Subject to Get A Rates underwriting approval, not all applications are approved.
  • Rate assumptions are for the state of New Jersey.
  • Payments shown are principal and interest payment only and do not include taxes and insurance.
  • Mortgage Rates are subject to change daily without notice.
  • Restriction may apply
  • Private Mortgage Insurance has not been added into the payments disclosed. FHA, VA and conventional loans with a loan to value ratio greater than 80% will require Private Mortgage Insurance (PMI), unless priced as a no PMI option.
  • Lender Fee $995
  • Single Family Residence
  • Rate assumptions are based on 30 day rate locks.
  • Rate assumptions are based on January 19, 2021 pricing.