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Mortgage Tools

Free calculators to help you plan your home purchase

Mortgage Payment Calculator

Enter your loan details below to calculate your estimated monthly mortgage payment.

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Monthly Payment Breakdown

Principal & Interest: $2,892
Total Interest Paid: $367,600
Total Amount Paid: $867,600
Note: This calculation is for principal and interest only. Your actual monthly payment will include property taxes, insurance, and may include PMI or other fees.

Rent vs Buy Calculator

Compare the costs of renting versus buying to help make the best decision for your situation.

Purchase Details

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Rental Details

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💰 Buying Costs

Monthly Payment: $3,702
Property Tax (monthly): $667
Maintenance (monthly): $500
Total Monthly Cost: $4,869
Down Payment: $160,000
Total Cost Over Period: $452,140

🏠 Renting Costs

Current Monthly Rent: $3,500
Average Monthly Rent: $3,761
Final Monthly Rent: $4,058
Total Cost Over Period: $225,660
Money Available to Invest: $160,000

Buying saves you $66,480 over 5 years

$66,480

Potential Savings by Buying

$85,420

Equity Built Through Ownership

3.2

Break-even Point (years)

Since 1997

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