Mortgage Calculator

Buying a home is a big step, and knowing your monthly mortgage payment is key to financial planning. The Simply Approved Mortgages Mortgage Calculator helps you estimate your payments based on loan details, taxes, insurance, and more, so you can confidently plan for homeownership.

Mortgage Calculators

Let’s look at the numbers to discover what’s possible.

Home Affordability Calculator

Explore home prices affordable for you and see what a lender could prequalify you for.

Net Proceeds Calculator

Thinking of selling & buying a house? Estimate your net proceeds—the amount you’ll make after expenses—is essential for planning your next steps.

Refinance Calculator

Find out if refinancing could lower your monthly payment.

Rent Vs. Buy Calculator

Discover the costs and benefits of both to see which could be better for you.

Reverse Mortgage Calculator

Find out the esimated amount you can be approved for with a reverse mortgage.

DSCR Mortgage Calculator

Find out the esimated amount you can be approved for with a DSCR mortgage.

Mortgage Calculator Overview

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - Loan Officer Compensation - 2-1 - Doctor Home Loans in Colorado - Doctor Home Loans - Doctor Home Loans in Florida 1% Down Mortgage in Colorado - 1% Down Mortgage in Florida - 1% Down Mortgage - 15-Year Fixed-Rate Mortgage in Colorado - 15-Year Fixed-Rate Mortgages in Colorado - 15-Year Fixed-Rate Mortgage in Florida - 15-Year Fixed-Rate Mortgages in Florida - 15-Year Fixed-Rate Mortgage - 15-Year Fixed-Rate Mortgages - 2-1 Buydown Mortgages, HomeReady Loans in Colorado - 2-1 Buydown Mortgages HomeReady Loans in Florida - 2-1 Buydown Mortgages in Colorado - Mortgages - 2-1 Buydown Mortgages Florida - HomeReady Loans in Florida - HomeReady Loans in Colorado - HomeReady Loans - About simply approved mortgages - Homeowner Advantage Club - 30-Year Fixed-Rate Mortgage Colorado - 30-Year Fixed-Rate Mortgage Florida - Cash-Out Refinance in Florida - 30-Year Fixed-Rate Mortgage Florida - Buying a Second Home - Cash-Out Refinance - Cash-Out Refinance in Colorado - FHA Loan Limits - Home Affordability Calculator - Mortgage Calculator - Net Proceeds Calculator - Prime Rates - Rent vs Buy Calculator - VIP Program - Real Estate Agent MLO License

What Is a Mortgage Calculator?

A Mortgage Calculator is an easy-to-use tool that estimates your monthly mortgage payments based on:

  • Loan Amount: The total amount you plan to borrow.
  • Loan Term: The length of your mortgage (e.g., 15, 20, or 30 years).
  • Interest Rate: The rate you expect to pay based on current market trends.
  • Taxes and Insurance: Estimated property taxes and homeowner’s insurance costs.

Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 1

How to Use the Mortgage Calculator

  • Enter the Home Price

    • Input the total price of the home you’re considering.
  • Adjust the Down Payment

    • Enter the amount you plan to pay upfront (e.g., 5%, 10%, or 20%).
  • Select the Loan Term and Interest Rate

    • Choose the loan term (15, 20, or 30 years) and input the expected interest rate.
  • Add Taxes and Insurance

    • Include estimates for property taxes and homeowner’s insurance to get a full picture of your monthly payments.
  • Review Your Results

    • See your total monthly payment, broken down into principal, interest, taxes, and insurance (PITI).

At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.

Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 4- 15 year fixed mortgages - 15 year fixed mortgage - 15-year fixed mortgages - 15-year fixed mortgage - 30 year fixed mortgages - 30 year fixed mortgage - 30-year fixed mortgages - 30-year fixed mortgage - Adjustable-Rate Mortgages - Adjustable-Rate Mortgage

What Does the Mortgage Calculator Include?

1. Principal and Interest

  • Principal: The amount borrowed for the loan.
  • Interest: The cost of borrowing money based on the interest rate.

2. Property Taxes

  • Calculated as a percentage of your home’s value.
  • Tax rates vary by state and locality.

3. Homeowner’s Insurance

  • Protects your home from risks like fire, theft, or natural disasters.

4. Private Mortgage Insurance (PMI)

  • Required for down payments under 20%.
  • Typically costs 0.5%–1% of the loan amount annually.
Simplify your mortgage journey process with Simply Approved Mortgages.
Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 5 - Federal Interest Rates - Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates – 30-Year Fixed-Rate Mortgage Colorado - 30-Year Fixed-Rate Mortgage Florida - 30-Year Fixed-Rate Mortgage - Buying a Second Home - Cash-Out Refinance - Cash-Out Refinance in Colorado - Cash-Out Refinance in Florida - doctor mortgage loan program - DSCR and Business Purpose Loans – DSCR – DSCR Loans - Business Purpose Loans - FHA loan limits – credit score - Home Affordability Calculator - mortgage learning center - learning center - Mortgage Calculator - Mortgage Refinancing - Net Proceeds Calculator - Prime Rates- Refinance Calculator - Rent vs Buy Calculator - Loan Officer Jobs - Mortgages for Americans buying in Canada -

How Does Home Affordability Work?

  • Plan Your Budget

    • Understand how your mortgage fits into your monthly expenses.
  • Explore Loan Scenarios

    • Compare how different down payments, terms, or interest rates affect payments.
  • Avoid Surprises

    • Account for all costs, including taxes and insurance, to get a full financial picture.
  • Save Money

    • Test refinancing options or find the optimal down payment to lower costs.
Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 7 - 2-1 Buydown Mortgage - Drawbacks to Consider - Conventional Loan - DSCR or Business Purpose Loan - Business Purpose Loan - DSCR Loan

Down Payment Assistance Programs

For buyers with limited savings, down payment assistance programs can make homeownership possible. Explore options like:

  • FHA Loans Down payments as low as 3.5%.
  • VA Loans: No down payment required for eligible veterans.
  • USDA Loans: Zero down payment for rural and suburban areas.
  • State-Specific Assistance: Grants and forgivable loans for first-time buyers.

Learn more about these programs in our Down Payment Assistance Guide.

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates – 30-Year Fixed-Rate Mortgage Colorado - 30-Year Fixed-Rate Mortgage Florida - 30-Year Fixed-Rate Mortgage - Buying a Second Home - Cash-Out Refinance - Cash-Out Refinance in Colorado - Cash-Out Refinance in Florida - doctor mortgage loan program - DSCR and Business Purpose Loans – DSCR – DSCR Loans - Business Purpose Loans - FHA loan limits – credit score - Home Affordability Calculator - mortgage learning center - learning center - Mortgage Calculator - Mortgage Refinancing - Net Proceeds Calculator - Prime Rates- Refinance Calculator - Rent vs Buy Calculator - Loan Officer Jobs - Mortgages for Americans buying in Canada -

Explore Our Mortgage Solutions

At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:

👉 Explore these options today and find the perfect mortgage solution for your needs!

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 2

Why Simply Approved Mortgages Stands Out

At Simply Approved Mortgages, we redefine what it means to provide exceptional mortgage services. Here’s why we’re the better choice:

Lower Fees, Bigger Savings:

With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.

Expert Guidance:

Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.

Transparent and Trustworthy:

We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.

Choose Simply Approved Mortgages for a smarter, more affordable way to achieve your homeownership or refinancing goals.

Mortgage Calculator Frequently Asked Questions

You can also get help from a Home Loan Expert.

The calculator provides an estimate based on the information you enter. For precise numbers, speak to a mortgage expert.

Our calculator provides a base estimate. For a detailed breakdown, add estimated property taxes and homeowner’s insurance costs.

The calculators provides an estimate based on the inputs you provide. For a detailed analysis, speak with a mortgage expert.

Need answers?

 Start your mortgage journey with us today!

Chat

With An Expert

Phone

877-813-7219

What Credit Score Do You Need To Buy A House? - Credit score to buy a house - credit score is needed to buy a house - what credit score is needed to buy a house - Learning Center

Get Started With Our Mortgage Calculators

Take control of your home-Take the guesswork out of your home-buying journey. Use our Mortgage Calculator to estimate your monthly payments and make informed financial decisions.

Start Now:

Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.

Our Blogs

Trending

Lower Rates Are Here—Make Your Move!

Refinance

Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!

Buy a Home

Take advantage of lower rates and exclusive offers to save on your home purchase!

Fast Pre-Approval

Get pre-approved for your dream home in minutes—fast, free, and no obligations!

Mortgage

Credit Card

Personal Finance

Personal Loan

Real Estate