About this calculator
Before touring a single home, buyers need to know what owning it will really cost each month — not just a rate quote, but a complete payment including principal, interest, taxes, insurance, and HOA. Our home purchase calculator builds that full picture from the price, down payment, rate, and term, and shows the total cost over the life of the loan.
What it shows you
- Full monthly payment: principal and interest, taxes, insurance, and HOA
- Loan amount, APR, and loan-to-value, including whether PMI applies
- Total interest and total cost of the home over the loan term
- Amortization schedule, and how extra principal payments shorten the loan
- How down payment, rate, and term change the payment
What you'll enter
- Purchase price and down payment
- Interest rate and loan term
- Property tax, home insurance, and monthly HOA dues
- PMI rate, if you put less than 20% down
- Optional extra monthly payment or one-time lump sum
When to use it
- You have a home price in mind and want the full monthly payment
- Testing how down payment, rate, or term changes the payment
- Seeing how extra payments shorten the loan
Why it matters
Buyers who know their real number shop faster, make stronger offers, and have fewer surprises at closing. Advisors who establish that number early stay in control of the transaction from the start.
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