Mortgage Payment Calculators & Tools
Your mortgage payment has more moving parts than most people realize. Use the tools below to calculate exactly what you'll pay—and why.
What's in Your Payment
Your monthly mortgage payment (often called PITI) has four main parts:
Principal & Interest (P&I)
Principal is the amount you borrow. Interest is the cost of borrowing, expressed as a rate. Early payments are mostly interest; later payments shift toward principal (amortization).
How Loan Type Affects Your Payment
Different loan types have different rate structures, insurance requirements, and fees. Compare rates by loan type:
- Conventional loans—typically 3–5% down, PMI if under 20% equity
- FHA loans—as little as 3.5% down, MIP required
- VA loans—0% down for eligible veterans, no PMI
- USDA loans—0% down for eligible rural/suburban areas
How Credit Score Affects Your Rate
Your credit score directly affects the interest rate you qualify for. Higher scores typically get better rates. See what rates look like at your score:
How Purchase Price Affects Your Payment
Purchase price drives your payment more than almost anything else—your loan amount is purchase price minus down payment. Above the conforming limit—about $806,500 in most areas (2025), where Fannie Mae and Freddie Mac stop purchasing loans—rates typically jump. Those jumbo loans are held by lenders or sold to different investors, so pricing and requirements differ. See rate estimates by purchase price:
Related Calculators
Planning a purchase or already own? These tools help with different questions: