How much house can I afford?

A common guideline is that your total housing costs should not exceed 28% of your gross monthly income. Use the Home Affordability Calculator for a personalized estimate.

What is a good down payment amount?

Putting down 20% avoids PMI, but many loan programs accept 3-5% down. A larger down payment reduces your monthly payment and total interest paid.

Should I refinance my mortgage?

Refinancing can save money if current rates are significantly lower than your existing rate. Use the Mortgage Refinance Calculator to see your potential savings.

What are typical closing costs?

Closing costs typically range from 2% to 5% of the loan amount and include appraisal fees, title insurance, and lender origination fees.

Mortgage Calculators — Free Online Tools (2026)

Whether you are buying your first home or refinancing an existing mortgage, these calculators help you understand the full cost of homeownership. Estimate monthly payments, compare loan scenarios, and plan for closing day expenses.

All Calculators

Mortgage Calculator — Free Online Tool

Calculate your monthly mortgage payment, total interest, and loan costs with our free mortgage calculator.

Home Affordability Calculator — Free Online Tool

Find out how much house you can afford based on your income, debts, and down payment.

Closing Cost Calculator — Free Online Tool

Estimate your home closing costs based on home price and loan amount.

Mortgage Refinance Calculator — Free Online Tool

Compare your current mortgage to a refinanced loan and calculate monthly savings and breakeven point.

Amortization Calculator — Free Online Tool

Calculate your loan amortization schedule with monthly payment breakdowns using our free calculator.

Down Payment Calculator — Free Online Tool

Calculate your required down payment and estimated monthly mortgage payment with our free calculator.

How to Use These Tools Together

1
Start by determining how much house you can afford based on your income, debts, and down payment.
2
Calculate how much you need to save for a down payment and how it affects your loan amount.
3
Estimate your monthly mortgage payment including principal, interest, taxes, and insurance.
4
Estimate the one-time fees due at closing, including lender fees, title insurance, and escrow.
5
View a full amortization schedule showing how each payment splits between principal and interest over the life of the loan.

Key Terms Glossary

Principal: The original loan amount borrowed, excluding interest and fees.
Amortization: The process of paying off a loan over time through regular payments of principal and interest.
APR: Annual Percentage Rate, the total yearly cost of borrowing including interest and fees expressed as a percentage.
Escrow: An account held by the lender to pay property taxes and homeowners insurance on your behalf.
PMI: Private Mortgage Insurance, required when your down payment is less than 20% of the home price.
Closing Costs: One-time fees paid at the finalization of a real estate transaction, typically 2-5% of the loan amount.

Frequently Asked Questions

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