Mortgage
Calculator

Estimate your monthly payment and see how much home fits your budget.

Calculate Your Monthly Payment

Enter your loan details below to estimate your monthly mortgage payment.

Home Purchase Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term

Annual Property Tax ($) — Optional

Annual Home Insurance ($) — Optional

Estimated Monthly Payment

Principal + Interest + Tax + Insurance

Principal & Interest

Property Tax/Mo

Insurance/Mo

Loan Amount

Down Payment %

Total Interest Paid

⚠️ Important: This calculator provides estimates for general informational purposes only. Results do not include PMI, HOA fees, or other costs that may apply. Actual loan terms, interest rates, and monthly payments will vary based on your credit score, lender, loan type, and other factors. Always consult with a qualified mortgage lender for accurate figures. Melanie can connect you with trusted lenders across all 4 states.

📐 The 30/30/3 Affordability Guidelines

These are recommended guidelines only — not requirements. Many legitimate exceptions apply. Always consult a qualified lender and financial advisor for your specific situation.

30%

of Monthly Income — Guideline

Total monthly housing costs ideally at or below 30% of gross monthly income. Exceptions apply based on debt levels, savings, and financial situation.

30%

of Savings Available — Guideline

Having approximately 30% of the purchase price in savings covers down payment, closing costs, and reserves. VA/USDA loans and state assistance programs can significantly reduce this.

3×

Annual Salary Maximum — Guideline

Home price at or below 3 times annual gross salary is a conservative guideline. Dual incomes, low debt, and strong assets are common exceptions.

Ready to Get Pre-Approved?

Contact Melanie to be connected with trusted lenders across all 4 states — conventional, FHA, VA, USDA, and jumbo loans.

MelanieCosta@remax.net

📞 Connect with a Lender Through Melanie

MortgageCalculator

Ready to Get Pre-Approved?

Mortgage
Calculator