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Mortgage Calculator

Estimate your monthly payments with our free mortgage calculator.

year(s)
per year

Your total monthly payment

Principal & Interest
Property taxes

How to Use the Mortgage Calculator

Purchase Price

Enter the price of the home you want to buy. This can be the price the owners are asking for or the price you think you will offer.

Down Payment

Enter the amount of money you plan to pay for the down payment on the home. A higher down payment will lower your monthly mortgage payments.

Term in Years

Enter the length of your loan program. The default is set to a 30 year loan, but you can adjust as needed.

Interest Rate

Mortgage interest rates are influenced by the market and your financial health which takes into account your credit score and the down payment amount.

Property Taxes

Enter estimated monthly payments.

Principal & Interest

This is the monthly mortgage payment which consists of principle and interest

HOA Dues, Maintenance, or Common Charges

Homeowners association fee (HOA) is a monthly payment that assists with maintaining and improving properties in the association. In co-ops and condos in NYC, this charge is the monthly maintenance or the common charges, respectively.