Conventional
Uses the entered down payment and lets you enter a monthly PMI estimate when applicable. PMI pricing varies by borrower and loan characteristics.
Explore Conventional Loans →Mortgage Calculator
Estimate a payment based on the loan program.
A mortgage payment is not determined by home price and interest rate alone. Select Conventional, FHA, VA or USDA to estimate how program-specific mortgage insurance or guarantee fees can affect the amount financed and monthly payment.
Run The Numbers
Choose the loan type before you calculate.
The calculator adapts the inputs and program fees to the mortgage program you select. Replace the defaults with realistic numbers for the home and financing scenario you are considering.
Purchase & Loan Details
InputsHome & Financing
$
$
%
$
Taxes, Insurance & Property Costs
$
$
$
Changing the loan program resets the down-payment assumption to a typical calculator starting point. You can then change the down payment manually. Eligibility and actual minimum investment requirements are determined during loan qualification.
Estimated Payment
Results
Estimated Total Monthly Payment
$0
Principal and interest plus the entered taxes, homeowners insurance, HOA and applicable monthly program fee or mortgage insurance.
Principal & Interest$0Based on estimated financed loan amount.
Monthly Taxes$0Annual property tax divided by 12.
Monthly Insurance$0Annual homeowners insurance divided by 12.
Monthly HOA$0Entered association dues.
Base Loan Amount$0Purchase price less down payment.
Amount Financed$0Includes financed program fee when applicable.
Program Upfront Fee$0
Monthly Program Fee / MI$0
Down Payment$0
Down Payment Percentage0%
Estimate only. This calculator is for educational purposes and is not a Loan Estimate, approval, rate quote or commitment to lend. Actual program eligibility, down payment, mortgage insurance, funding/guarantee fees, exemptions, loan limits, escrow amounts and other costs can differ. Conventional PMI is borrower-specific. FHA, VA and USDA program rules may change.
How The Programs Differ
The loan type changes more than the label.
The old calculator suite used dedicated FHA and VA calculators because program fees affect both the loan amount and payment. This version brings those differences into one purchase calculator.
FHA
Includes the 1.75% upfront mortgage insurance premium when financed and estimates annual MIP based on term and loan-to-value.
Explore FHA Loans →VA
Models no monthly mortgage insurance and estimates the VA funding fee based on down payment, first versus subsequent use, or a funding-fee exemption.
Explore VA Loans →USDA
Models a zero-down starting scenario and includes the 1% upfront guarantee fee plus the 0.35% annual fee used by the current USDA Guaranteed program.
Explore USDA Loans →From Estimate To Real Numbers
Use the calculator as a starting point—not the final answer.
Once you have a rough payment range, a lender can help you replace assumptions with actual program options, estimated mortgage insurance or guarantee fees, and costs based on the property and your financial profile.
More Calculators
Use the calculator that matches the question.
RefinanceRefinance Calculator
Compare an existing mortgage with a potential refinance, including payment and break-even estimates.
Rent vs. OwnRent or Buy CalculatorCompare estimated rental costs with the potential net cost of buying over time.
Loan ScheduleAmortization CalculatorSee how principal and interest can change over the life of a mortgage.
Want a payment estimate based on your actual situation?
A calculator is a starting point. Pre-approval can help you understand the programs, estimated costs and purchasing power that may apply to you.