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.
$
$
%
%
$ /year
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Full Name
Phone
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Tercek Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

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.

Client Feedback

Mario Lipari

Matt and his team were recommended to me and they do not disappoint. Matt is professional, available, quick to help, in all facets of the process. Matt delivered and I would use him on all my real estate transactions. Thank you Matt!

Sergey Marandyuk

We’ve worked with Matt for the past few years, and will continue to do so! We’ve sold and purchased property with him and his team - every transaction was smooth and pleasant. Matt has gone beyond expected on our last purchase - he was actively trying to find as much information possible on the land before closing. We appreciate the thought and care they put into each transaction. We confidently recommend using Tercek Real Estate Group if you’re looking to buy/sell.

Jessica Hu

Benson was an absolute pleasure to work with! He is incredibly patient, hardworking, and always approachable, which made the entire home-buying process much less stressful. He took the time to understand exactly what we were looking for and helped us find our dream home. His strong negotiating skills made a real difference, and we felt confident having him on our side every step of the way. We highly recommend Benson to anyone looking for a dedicated and trustworthy real estate agent.

Let's Connect!

agent
Matthew Tercek

Team Lead / Agent | License ID: 201210228

+1(503) 453-5815 | matthew@tercekre.com

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Tercek Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.