Financial Calculators

Mortgage Calculator

Mortgage Calculator

Mortgage Calculator

Intuitively, we all know taking out a mortgage will be, for almost everyone, the largest investment a person or family will make. Further, a home loan is frequently thought of as a good investment when it is used to finance the purchase of a house or building that has a reasonable chance to appreciate in value. "But how do I know if I can afford a mortgage," is a common refrain.

Helping you answer this question is precisely the goal of this mortgage calculator. You'll quickly notice this calculator is capable of a great deal more than just calculating a monthly mortgage payment. Spend a few minutes with it, and it will help you understand the actual cost of any potential (or existing) home loan.

You can use this calculator to answer such questions as:

  • How much mortgage can I afford?
  • What is the mortgage payment?
  • How much money do I need to buy a house?
  • What is the down payment on a house?

Financial calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. I cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.

Enter a "0" (zero) for one unknown value above.

 

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