MORTGAGE CALCULATOR
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Mortgage Help
Understand Your Mortgage Options
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.
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
Fixed-rate loans offer stable monthly payments, while adjustable-rate mortgages may start with a lower interest rate that changes over time.
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 is typically required by lenders, depending on the loan program. You can edit this number in the advanced options.
HOA Fees
HOA fees are monthly payments collected to help maintain and improve properties within a homeowners association.


