Mortgage Calculator

Estimate your monthly payment and see how much home you can afford

$350,000
$70,000
6.04%
30 years
Get Your Actual Rate

No credit check required

Estimated Monthly Payment
$1,912
Principal, Interest, Tax & Insurance
Principal & Interest $1,672
Property Tax $365
Homeowner's Insurance $117
PMI $0
Total Monthly $1,912

Loan Amount $280,000
Total Interest Paid $322,033
Total Cost of Loan $688,344

Tips to Lower Your Payment

Smart strategies to reduce your monthly mortgage costs

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Increase Down Payment

A larger down payment means a smaller loan, lower monthly payments, and you may avoid PMI if you put 20%+ down.

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Improve Your Score

Higher credit scores qualify for lower rates. Even a 20-point improvement can save you 0.25% or more.

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Shop Around

Compare at least 3-5 lenders. Rate differences of 0.5% save tens of thousands over the loan's lifetime.

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Consider Points

Buying discount points upfront can lower your rate by 0.25% per point, saving money long-term if you stay put.