Mortgage Calculator

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Your Monthly Payment $0
Mortgage Calculator: Key Terms
Purchase price
Purchase price

Purchase price is the sum amount of the home you want to buy. You can also enter the amount that you think you will offer.

Down Payment
Down Payment

This is the initial payment done by the buyer at the time of home purchase. Most home loans require a down payment of at least 3%. Making a higher Initial down payment lowers the monthly payment.

Interest Rate
Interest Rate

Interest rate is the current mortgage rate as per the market average. Your actual rate may vary based on factors like down payment, Credit score and location.

Loan Duration (Term)
Loan Duration (Term)

Your loan duration can affect your interest rate and monthly payments. Your loan duration specifies the time period until the final installment has been made.