Home Purchase Mortgage Calculators
Mortgage Program Calculators
Use our mortgage calculators for a wide range of purposes including determining what size mortgage and home you can afford, calculating your monthly mortgage payment, comparing renting versus buying, understanding if you should refinance and comparing mortgage proposals from multiple lenders to select the best one. We offer over 30 mortgage calculators all of which are free, easy-to-use, interactive and empowering for borrowers. Review our full mortgage calculator offering below including qualification, government mortgage program, refinance, mortgage comparison and mortgage acceleration calculators.
Use these calculators to understand what size mortgage you can afford, what price home you can buy and how much your down payment should be. These calculators also enable you to determine how much money you need to make to qualify for a mortgage and analyze the financial impact of buying versus renting a home.Mortgage Calculator
Determine your monthly mortgage payment, total interest expense and pay-off date for a mortgage based on loan amount, interest rate and loan length. Understand how your mortgage balance gets paid down over time.How Much Home Can I Afford Calculator
Determine how much home you can afford based on your mortgage amount, down payment and other factors. Knowing what price home you can buy is one of the first steps in the mortgage process. Use this calculator to understand the home price that best meets your budget.Mortgage Qualification Calculator
Determine the mortgage amount you qualify for based on your monthly gross income, debt expenses and loan terms including your interest rate and mortgage length. Understand how the mortgage you can afford changes based on different inputs for your income and loan payments.Two Person Mortgage Qualification Calculator
Understand what size mortgage two people can qualify for based on their combined income and debt payments. Compare the mortgage amount two people can afford to the loan you can qualify for a sole borrower.Mortgage Selector
Determine the mortgage size and loan program that are right for you based on your financial profile and risk level. Understand how your loan program and monthly payment change based on the mortgage program you choose -- fixed rate, adjustable rate or interest only.Income Required for Mortgage Calculator
Calculate how much money you need to earn to qualify for the mortgage amount you want. Understand the monthly gross income required to afford any loan amount based current mortgage terms and your monthly debt payments. If you know the mortgage amount you need but are not sure if you can qualify, our Income Required for Mortgage Calculator answers your question.Buy Versus Rent Calculator
Analyze the financial tradeoffs between renting and buying a home and determine which option makes the most sense for you. Compare your monthly rent payment to your mortgage payment and total housing expense to understand how renting compares to buying over time. Determine how homeowners equity changes based on increases in property values and other factors.Rent Payment Mortgage Affordability Calculator
Determine what size mortgage you can afford based on your monthly rent payment. If you are currently renting your home or apartment and are considering buying a home then use this calculator to understand the loan you can afford if your rent payment became your mortgage payment.Interest Only Mortgage Qualification Calculator
Determine the interest only mortgage amount you can qualify for based on your net income, debt expense and interest only loan terms. Our calculator factors in the interest only period rate to determine the loan amount you can afford and your estimated monthly payment.Debt-to-Income Ratio Mortgage Calculator
Understand how the debt-to-income ratio applied by lenders determines the mortgage amount you can afford and how much you can spend on your mortgage payment, housing-related costs and other monthly debt payments. Determine how payments for auto, personal and student loans and credit cards affect the mortgage you qualify for.Down Payment Calculator
Determine the down payment and total funds required to buy a property based on purchase price and other factors. This calculator shows you how much money you need to put down to buy the home you want depending on your down payment percentage and transaction expenses.Mortgage Closing Costs Calculator
Determine the estimated mortgage closing costs for the property you want to purchase or refinance including lender costs, appraisal report fee and other third party settlement costs. Use this calculator to understand your estimated non-recurring closing costs and evaluate proposed mortgage terms.Mortgage Tax Deduction Calculator
Calculate your mortgage tax deduction based on your loan amount, type of mortgage, interest rate, tax bracket and other factors. Understand how the mortgage tax deduction changes over the course of your loan as your loan balance and annual interest expense gradually decrease.Monthly Gross Income Calculator
Calculate your monthly gross income based on how frequently you are paid and your gross income per pay period. Determine what your monthly income is if you are paid on an hourly, weekly, bi-weekly, semi-monthly or annual basis.
Our mortgage program calculators enable you to understand the monthly payment, total interest expense and other important information for an adjustable rate (ARM), interest only and bi-weekly mortgage. These calculators also enable you to understand how these programs works so you can select the mortgage option that is right for you.Adjustable Rate Mortgage (ARM) Calculator
Determine your monthly mortgage payment and potential future monthly mortgage payments for adjustable rate mortgage (ARM) based on loan terms including the fixed period rate, ARM index and margin and adjustment caps. Understand how the monthly payment for an ARM is calculated based on the fully-indexed rate and review a downside scenario to understand the risk of an adjustable rate mortgage.Interest Only Mortgage Calculator
Calculate the initial and future monthly payments for an interest only mortgage based on the length of the interest only period, initial mortgage rate and other factors. Determine how your monthly payment can change and possibly increase significantly when the interest only period ends and you are required to start paying principal. Learn the maximum possible payment for an interest only mortgage based on the loan terms you input.Bi-Weekly Mortgage Calculator
Determine the bi-weekly mortgage payment, total interest cost and loan pay-off date for a bi-weekly loan based on mortgage amount and interest rate. With a bi-weekly mortgage you make a payment every two weeks instead of monthly so you payoff your loan faster. Use our calculator to compare a bi-weekly loan to a monthly mortgage so you can understand the differences in interest expense and mortgage length.Mortgage Amortization Calculator
Understand how the split between principal and interest payments changes over the term of a mortgage and review an amortization chart that shows how your mortgage balance changes as you pay down your loan. Calculate your mortgage balance at the end of any year for your loan and determine how your loan amount, interest rate and loan length impact mortgage amortization.
Use our government mortgage program calculators to determine the loan amount you qualify for, your monthly payment, mortgage insurance and loan limits for FHA, VA and USDA mortgages. These calculators enable you to determine if a government-backed mortgage program meets your home financing goals.FHA Mortgage Qualification Calculator
Determine the FHA mortgage amount you can qualify for and how much home you can buy with an FHA mortgage. Calculate the upfront and ongoing FHA mortgage insurance premium (MIP) fees you are required to pay. Understand the total monthly housing expense include property tax, homeowners insurance and MIP for a low down payment FHA mortgage.VA Mortgage Qualification Calculator
For eligible active military and veterans, calculate the VA mortgage amount and what price home you can afford to buy with a zero down payment VA home loan. Determine the upfront VA funding fee you are required to pay based on your type of military service and the number of times you have used the VA Program.USDA Home Loan Qualification Calculator
Calculate the USDA home loan you qualify for and the upfront and ongoing mortgage insurance fees associated with a no down payment USDA mortgage. Determine the total monthly housing cost for a USDA home loan including your monthly payment, property tax, hazard insurance and USDA insurance fees.FHA Loan Calculator
Determine the monthly mortgage payment and loan-to-value (LTV) ratio for an FHA loan based on your mortgage amount and loan terms including your interest rate and loan term. Understand if your loan amount is below the FHA loan limit for your area. Learn how your down payment affects your LTV ratio.VA Home Loan Calculator
Calculate the monthly loan payment, loan-to-value (LTV) ratio and loan limit for a VA home loan based on your loan amount, mortgage rate and length. Compare your loan amount to the VA loan limit where the property is located. Understand how a monthly VA loan payment fits within your financial budget.USDA Mortgage Calculator
Determine the monthly payment and loan-to-value (LTV) ratio for a USDA mortgage based on loan amount, interest rate and loan term. Calculate how your LTV ratio changes if you decide to make a down payment with a USDA mortgage.Conforming Loan Limit Calculator
Input your state, county and number of units in the property to determine the conforming loan limit in your area. Conforming loan limits vary by county and areas with higher housing costs have higher loan limits. Our Conforming Loan Limit Calculator provides updated loan limits for the current year.FHA Loan Limit Calculator
Input your state and county to calculate the FHA loan limit in your area. FHA loan limits vary by county and the number of units in the property, up to a maximum of four units. The more units a property has, the higher the FHA loan limit. Use our calculator to determine the current FHA loan limit for your county.VA Loan Limit Calculator
Calculate the VA loan limit for your county. VA loan limits vary based on county and other factors. Select your state and county to determine the limit for the area in which your property is located. We update our calculator yearly to provide current loan limits based on VA guidelines.
Use these calculators to determine if you should refinance depending on your objectives. Understand how much money you can save, how much debt you can consolidate or how much cash you can take out of your home when you refinance.Mortgage Refinance Calculator
Determine how much money you can save by refinancing your mortgage. Compare your current mortgage rate and monthly payment to your new rate and payment to determine if you should refinance. Understand how your mortgage terms and loan program affect your decision to refinance. Learn how long it takes to recover refinance costs depending on your monthly payment savings.Cash Out Refinance Calculator
Determine how much cash you can take out of your home with a cash out refinance. Calculate if you have enough equity in your home and the minimum property value required to take out the proceeds you want. Understand your net proceeds based on your loan amount and refinance terms. Learn if a cash out refinance is the best way to access the equity in your home.Debt Consolidation Refinance Calculator
Understand if you should consolidate high cost debt when you refinance your mortgage. Determine if you can save money by paying down or paying off debt when you refinance. Compare your total monthly debt payments before and after refinancing to decide if a debt consolidation refinance makes financial sense for you.Bi-Weekly Refinance Calculator
Determine if you should refinance your bi-weekly mortgage by comparing your existing loan payment and rate to a new bi-weekly loan. Calculate the bi-weekly payment and total interest cost for your new loan if you refinance.
These calculators enable you to compare multiple mortgages with different loan terms to understand the financing option that offers the lowest monthly payment and total interest expense. Comparing multiple loans enables you to select the mortgage with the best loan terms.Mortgage Comparison Calculator
Compare up to three mortgages with different interest rates, closing costs and loan lengths to find the mortgage that is right for you. Determine the mortgage with the lowest monthly payment and total interest expense so you can select the loan that best meets your needs.Discount Point Mortgage Calculator
Determine if you should pay discount points to lower your mortgage rate by comparing loans with different rates and points. Calculate the total discount point cost, monthly mortgage payment and total interest expense over the life of the loan based on your mortgage amount and the number of points you pay. Learn if paying discount points makes financial sense for you.
Use these calculators to understand the benefits of accelerating different types of loans including fixed rate, interest only and bi-weekly mortgages. Understand how acceleration shortens your mortgage term and reduces your interest cost.Mortgage Acceleration Calculator
Determine how much money you can save and how quickly you can pay-off your mortgage by accelerating your loan and paying more than your required monthly payment. Understand how the number of required monthly payments and total interest expense change depending on the amount of your overpayment and when you start accelerating your mortgage. Review a chart that shows you how acceleration shortens your loan and enables you to pay off your mortgage faster.Interest Only Mortgage Acceleration Calculator
Understand how mortgage acceleration reduces the required monthly payment and principal loan balance for an interest only mortgage. Calculate the reduction in interest expense and mortgage balance at the end of the interest only period based on your type and amount of overpayment.Bi-Weekly Mortgage Acceleration Calculator
Calculate how mortgage acceleration lowers your total interest expense and enables you to pay off a bi-weekly mortgage faster. Compare a loan with and without mortgage acceleration to determine how you can shorten your loan term and save money by accelerating a bi-weekly mortgage.