Use this quick calculator to estimate your potential mortgage payments. Remember, however, this estimate will be based solely on Principal and Interest. Escrow payments for things like property tax, homeowner's insurance and Private Mortgage Insurance (if necessary) could add considerably to the payment amount.
Fill in any three of the blank boxes and press the Calculate button next to the blank box. We will fill in the empty box. Also, you can click on the See the Amortization Table for more details.
"What If" Calculators
You can also explore different financial scenarios with these calculators which are a service of Fannie Mae:
How much will my monthly payment be? This calculator lets you explore the outcome of changes in your loan balance, mortgage term, and interest rate on your monthly payment.
How much house can I afford? This calculator allows you to see approximately how much money a lending institution will lend you, based on your income and your debts.
What monthly payment do I need for a this house? This calculator lets you get started on exploring how changes to the desired sales price of your home will affect your payments.
How much house can I get with a specific monthly payment? This calculator lets you begin to understand how your desired monthly payment will affect the price of the house you can afford.
Is Now a Good Time to Refinance? This calculator is available if your primary interest is in refinancing your current mortgage.
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