Every Dollar Grows Home Tools

Home Mortgage Calculator

Calculate a mortgage payment, estimate how much home you can afford, compare renting vs. buying, test extra payments, evaluate a refinance, or compare two home loans side by side.

Mortgage Payment Calculator

Start with the basics. Open Advanced Options only if you need them.

Taxes, insurance & escrow

Don’t know the exact numbers yet? Select a state and the calculator can create a planning estimate. Replace the estimate anytime with your actual tax bill or insurance quote.

Select a state to estimate property taxes and homeowners insurance.
Advanced payment costs

For FHA, VA, USDA, or lender-specific insurance/fees, enter the amount shown on your Loan Estimate. This avoids pretending one rule applies to every borrower.

Estimated monthly housing payment
$0
Principal & interest Taxes Insurance HOA / mortgage insurance
Standard mortgage payment (P&I)$0
Estimated monthly escrow$0
Property tax / month$0
Home insurance / month$0
Mortgage insurance / month$0
HOA / month$0
Loan amount$0
Total interest$0
Payoff date—
Actual-payment estimate: P&I + estimated escrow + mortgage insurance + HOA. Utilities, maintenance, repairs, special assessments, and optional services are not included.
Add an extra monthly payment to see potential interest and time savings.
View amortization schedule
MonthPaymentPrincipalInterestBalance

Home Affordability Calculator

Estimate a comfortable home-price range from income, debts, down payment, and your preferred payment limit.

Taxes, insurance & HOA assumptions
Estimated maximum home price
$0
Maximum housing payment$0
Estimated loan amount$0
Debt-to-income used0%
Down payment$0
Affordability is not approval. Lenders also consider credit, reserves, loan rules, taxes, insurance, and property-specific costs.

Rent vs. Buy Calculator

Compare estimated total cost over the time you expect to stay in the home.

Advanced ownership and renting costs
Lower estimated net cost
—
Estimated net cost to rent$0
Estimated net cost to buy$0
Estimated home equity at move$0
Difference$0
Change the assumptions to match your real situation. Small changes in appreciation, rent growth, maintenance, and selling costs can change the result.

Mortgage Extra Payment Calculator

See how recurring or one-time principal payments change payoff time and total interest.

Estimated interest saved
$0
Normal monthly P&I$0
New payoff time—
Time saved—
New total interest$0

Mortgage Refinance Calculator

Compare your current loan to a proposed refinance, including closing costs and break-even time.

Estimated monthly P&I savings
$0
Current P&I$0
New P&I$0
Break-even—
Net savings over horizon$0
A lower monthly payment can still cost more overall if the loan term is reset for many additional years.

Compare Two Mortgage Loans

Compare rate, term, points/fees, monthly principal and interest, total interest, and estimated cash needed.

Loan A

Loan B

MeasureLoan ALoan B
Monthly P&I——
Total interest——
Fees / points——
Total financing cost——
Effective cost difference——
Enter two offers to compare them.

Plan the Rest of Your Monthly Budget

A home payment is only one part of the decision. Use these Every Dollar Grows guides and calculators to make sure the rest of your finances can support it.

Build a Budget That Works Put the mortgage or rent payment into a complete monthly plan for income, bills, spending, saving, and debt. Open the Budgeting Guide → Calculate Your Checking Buffer Estimate how much should stay in checking to cover upcoming bills, everyday spending, and a protected cash cushion. Use the Checking Calculator → Build an Emergency Fund Create a starter cash reserve before unexpected repairs or other expenses turn into new debt. Build Your First $1,000 → Explore More Free Calculators Continue planning with EDG tools for budgeting, saving, debt, investing, and everyday financial decisions. View All Calculators & Tools →

What this home mortgage calculator includes

This calculator can estimate principal and interest, state-based property taxes, homeowners insurance, monthly escrow, HOA dues, mortgage insurance, financed fees, extra payments, amortization, home affordability, rent vs. buy costs, refinance break-even, and side-by-side loan comparisons. It clearly separates the standard mortgage payment from the estimated all-in monthly housing payment.

Important: Results are estimates for planning and education, not a loan quote, appraisal, tax calculation, insurance quote, legal advice, or financial advice. Actual lender calculations can vary because of loan program rules, escrow requirements, daily interest, fee treatment, mortgage-insurance rules, and rounding.