Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

What My Clients Say

zuser20150516123007391

Francisco did an amazing job helping us get a house. He was always there to answer any questions via call or text. His response time is commendable. This was our second time working with him. We worked with him to buy a house in 2021 and now in 2025. He truly loves what he does for a living and he has a passion for real estate and caring for his clients. He always goes above and beyond. If you are thinking of buying or selling, please reach out to him. He will definitely help you make that process very seamless and easy. He is always genuine and honest with you on everything. There is a reason he is one of the top 25 rated Realtors in DFW for 5 years in a row. He truly is the best!

aimee marentes93

Francisco did an amazing job helping my husband and I find our home! He was the 2nd Realtor we met and spoke to and I can say he made the whole process fast and smooth! Francisco reassured us on doubts we had, answered all of our questions, took personal time to speak with us, and was with us every step til we CLOSED on our home! Even after our closing date he still answers questions we have! Thanks for your help and great Customer Service Francisco!

elpollo rdz

Francisco is hands down the best realtor in the DFW! Doesnt matter what time you reach out to him. He is always there to answer questions and book viewing to new last minute listings.If you're looking into buying a new home. MTZ Real Estate is the place to go!
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Francisco Martinez Jr

Agent | License ID: 0705265

+1(682) 554-2749 | francisco@mtzrealestategroup.com

I'm here to help you get your next dream home!

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