Mortgage Calculator

To estimate your monthly mortgage payment, including principal and interest, income, homeowner insurance and private mortgage insurance, use Top Lending’s mortgage calculator. To see if the monthly bill would change, you should alter the house price, down payment and mortgage terms.

Mortgage Calculator
Please enter purchase price.
Please enter Down Payment.
Please enter Interest Fee.
Please enter Yearly property taxes.
Please enter Yearly homeowners insurance.
Please enter HOA fee.
Monthly Payment
Estimated Monthly Payment $1129.09
How is my monthly payment calculated?
Principal & interest
Property tax
Homeowner's insurance
HOA fees
Ready to Apply?
Answer a few more questions and we'll customize your solution to get you a more accurate estimate.

How To Use Mortgage Calculator

  • Under “Home price“, insert the price of the property that you plan to buy.
  • Under “Down payment“, enter the amount of your down payment. A down payment is a cash you have and you pay for your home.
  • Under “Interest Fee” insert the estimate fee that you are looking for – Check for today’s rates.
  • Choose the length of the loan.
  • Estimate yearly property taxes, Homeowners insurance, and see your estimated monthly payment based on your data.

How a mortgage calculator helps you

Determining what your monthly house payment is going to be is an important part of finding out how much home you can afford. The monthly payment is likely to be the main part of your living costs.

Using Top Lending’s Mortgage Calculator helps you predict your mortgage payment when you purchase or refinance a house.

If you purchase too much of home

The Mortgage Payment Calculator will give you a reality check on how much you can expect to pay per month.

The length of the home loan term that's correct for you

Your monthly payment is lowered by a 30-year fixed-rate mortgage, but you’ll pay more interest over the term of the loan. A fixed-rate mortgage for 20 years lowers the overall interest you pay, but the annual cost is going to be higher.

right down payment

The Mortgage Payment Calculator will help you determine what the best down payment can be for you

See what you can get

What is the estimated property purchase price?

$250k to $500k
$2M +
picture of house

Reducing monthly mortgage payments

The Mortgage calculator helps you to test situations to see if you can reduce monthly payments:

Get a lower interest rate

Having a larger down payment will not only discourage PMI, but also reduce the interest rate. This means a smaller monthly mortgage payment.

the number of years it will take to pay off the loan

period of time, the payment will be smaller, but you will pay more interest over the years.

purchase less home

A lower loan is a reduced monthly mortgage payment.

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