Mortgage & Home Loan Tools

Mortgage Calculators

Professional-grade mortgage calculators to help you make smarter home financing decisions. Calculate payments, determine affordability, analyze refinancing options, and more.

Understanding Mortgage Calculations

Key Mortgage Terms

  • Principal: The amount you borrow
  • Interest: The cost of borrowing money
  • PMI: Private Mortgage Insurance (required with less than 20% down)
  • DTI Ratio: Debt-to-Income ratio affects loan approval

Smart Mortgage Tips

  • • Aim for 20% down payment to avoid PMI
  • • Keep DTI ratio below 36% for best rates
  • • Consider 15-year loans for lower total interest
  • • Extra payments significantly reduce interest paid