Mortgage Calculator - Interest.com

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MORTGAGE CALCULATORS

A mortgage calculator for every need

Whether you're buying a home or refinancing an existing loan, we have a mortgage calculator that can help you make the right decisions. Determine exactly which deal offers the lowest monthly payments, how much home you can afford, and whether it makes sense to rent or buy.

Many factors can affect calculations. You may be able to lower your payments or increase the size of the loan by contacting a loan consultant in your area.

MORTGAGE CALCULATORS

Mortgage calculator
Work out the monthly payments for any fixed-rate loan. Just enter the amount and terms. You can even see how extra payments can accelerate your payoff and save thousands in interest charges.

Required-income mortgage calculator
Determine how much you must earn to qualify for the mortgage you want.
How much home can you afford?
Calculate how much you can borrow based on how much you make and how much you owe.
Interest-only mortgage calculator
The initial monthly payments may be low, but see how they’ll rise when you have to start repaying the principal and interest rate resets.
Balloon mortgage calculator
Determine what you’re monthly payments will be and how much you’ll owe when the loan is up and the balloon payment comes due.
Fixed-rate mortgage or interest-only mortgage calculator
See how much less you'd pay with an interest-only mortgage -- at least for the first few years. But you won't be reducing your debt.
Adjustable rate mortgage calculator
Figure out the payments for any adjustable-rate mortgage. Just enter the amount and terms.
Rent or buy?
Know when to buy your first home by considering all of the costs and tax breaks.
Refinance mortgage calculator
Work out how much you could save with a new loan at a lower interest rate.
Does a cash-out refi make sense?
See what it would cost to consolidate auto and credit card debt into a new mortgage.
Interest-only, fixed-rate mortgage calculator
Low initial payments give way to higher costs when you must begin repaying the principal.
Interest-only, adjustable-rate mortgage calculator
Low initial payments give way to even higher costs when you must begin repaying the principal and the interest rate goes up.
How long: 15 years or 30 years?
Your payments will be higher with a 15-year mortgage but you'll pay much less interest than with a 30-year loan.
Points or down payment?
Determine whether you're better off buying down your interest rate or using that money for a larger down payment.
Fixed-rate or adjustable-rate mortgage calculator?
Compare monthly payments to find the right type of home loan for you.
APR mortgage calculator
The annual percentage rate allows you to compare loans by taking into account their total costs, not just their interest rates.