Mortgage Calculators
Make informed decisions about your mortgage with our suite of interactive calculators designed to help you understand your options.
Mortgage Payment Calculator
Additional Costs
If applicable
Estimated Monthly Payment
$2,220
Loan Summary
Assumptions: Based on 6.500% APR for a 30-year fixed-rate mortgage. Actual rates and payments may vary. See full disclaimers below.
Not sure what you can afford?
Use the Affordability Calculator to find your maximum home price based on your income and debts.
Try Affordability CalculatorImportant Disclaimers
Estimates Only: All calculator results are estimates for informational and educational purposes only. They are not a commitment to lend, credit decision, or guarantee of actual rates, payments, or loan terms.
Assumptions: Calculations assume a conventional 30-year fixed-rate mortgage unless otherwise specified. Actual rates may vary based on credit score, loan-to-value ratio, property type, occupancy, loan amount, and other underwriting factors.
Additional Costs: Results may not include all fees and costs associated with obtaining a mortgage, such as origination fees, discount points, appraisal fees, title insurance, recording fees, HOA dues, and other closing costs. Property taxes and insurance premiums are estimates and may change over time.
Rate Changes: Interest rates are subject to change daily or multiple times per day without notice. The rates shown here may not reflect current market conditions.
No Obligation: Using these calculators does not obligate you to apply for a mortgage or receive a credit check. Contact a licensed loan officer for personalized quotes and to discuss your specific situation.
Equal Housing Opportunity. Capital Mortgage Source (NMLS# 2320694) is a licensed mortgage broker. All loans subject to credit approval and underwriting. Not all products available in all states.
Calculator Tips
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All options are displayed upfront - adjust sliders to see real-time calculations.
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Property taxes, insurance, HOA fees, and PMI are all included for accurate estimates.
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PMI is automatically calculated and shown when down payment is less than 20%.
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Different loan programs allow different DTI ratios - explore what works for you.
Need Help?
Our mortgage professionals are ready to help you understand your options and find the best loan for your needs.
Contact UsUnderstanding Your Mortgage Payment
A typical mortgage payment consists of several components. Understanding each part can help you make better financial decisions.
Principal & Interest
The principal is the amount borrowed, while interest is the cost of borrowing that money. These form the core of your monthly payment.
Property Taxes
Most lenders require you to pay property taxes as part of your monthly mortgage payment, which they hold in escrow until taxes are due.
Insurance
Homeowners insurance protects your property. Like property taxes, insurance premiums are often collected monthly and held in escrow.
PMI
Private Mortgage Insurance may be required if your down payment is less than 20%. It protects the lender if you default on the loan.
Calculator Disclaimer
The results provided by these calculators are for informational and educational purposes only. Actual loan terms, payments, and rates may vary based on your credit history, down payment amount, type of property, and other factors. Please consult with one of our mortgage professionals for personalized advice tailored to your specific situation.
Tips for Reducing Your Mortgage Payment
- 1
Make a larger down payment
A larger down payment reduces your loan amount, lowers your monthly payments, and might eliminate the need for PMI.
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Extend your loan term
A longer loan term (e.g., 30 years instead of 15) will result in lower monthly payments, though you'll pay more interest over time.
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Improve your credit score
A better credit score can help you qualify for lower interest rates, which reduces your monthly payment.
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Shop around for better rates
Compare offers from multiple lenders to find the best interest rates and terms for your situation.
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Consider buying discount points
Paying points upfront can lower your interest rate and monthly payments over the life of the loan.