Mortgage Calculator

Scroll to Estimate Your Monthly Mortgage Payment

Buying a home is one of the biggest financial decisions you’ll make—and knowing what you can comfortably afford is the first step. Use our Mortgage Calculator to estimate your monthly payment in seconds. Adjust the home price, down payment, interest rate, and loan term to see how each factor impacts your budget. If you’re just starting your search, explore the Home Buyer’s Guide for step-by-step preparation, or check current neighborhood trends before you tour.

For Davis homeowners planning to sell and then buy, knowing your equity helps you budget with confidence. Get a data-driven estimate on our What’s My Home Worth page, then return to this mortgage calculator to test scenarios with different down payments and interest rates. If you’re relocating to the area, the Relocation Guide offers local insights, schools, and moving tips.

Why Mortgage Calculator Helps Buyers

Our Mortgage Calculator below functions as a mortgage payment estimator (also called a home loan calculator), giving you clarity before you speak with a lender. It breaks out principal & interest, property taxes, homeowner’s insurance, HOA, and PMI (if your down payment is under 20%), so you can compare 30-year vs. 15-year terms or evaluate how a bigger down payment changes your monthly cost.

How to Use Our Mortgage Calculator

• Home price & down payment: Try a few down-payment options to see how your monthly total changes.
• Interest rate: Plug in today’s averages using Freddie Mac PMMS or compare lender quotes.
• Property tax & insurance: Add realistic local assumptions. For long-term trends, review the FHFA House Price Index.
• PMI: If your down payment is below 20%, the mortgage calculator includes a placeholder PMI—ask lenders for exact numbers. The CFPB’s home-buying resources are a great primer.

Next Steps: Get Pre-Approved

Once you like what you see, connect for local guidance and lender intros. I’ll help you refine numbers, align neighborhoods with your budget, and schedule tours. Have questions about down-payment assistance, refinancing, or rate buydowns? Contact me for tailored options in Davis and nearby communities.

Disclaimer: This calculator is for estimates only and is not financial advice. Final figures depend on your lender and loan terms.