Your numbers / a starting point

Mortgage Payment Calculator

Play with the numbers before the real conversation. Adjust the assumptions, see what moves, and bring the scenario to Ted.

This is an educational estimate built from your inputs only. It is not a quote, prequalification, approval, or commitment to lend. Rates and costs vary by scenario and change over time.

Your assumptions

Every field below is an editable assumption for this estimate, not a lender quote or loan decision.

Home price$450,000

Use the purchase price you want to explore.

Down payment20%

Move the percentage or type the dollar amount. The two stay linked; the estimate allows up to 50% down.

Loan term

30 years20 years15 years10 years

Choose the payoff period you want to compare.

Interest rate user-adjustable6.5%

This is your input, not a quoted rate. Rates change daily.

Extra monthly payment$0

Applies to principal every month.

Property tax rate per year0.75%

Your annual property-tax assumption, converted to a monthly estimate.

Homeowners insurance per year0.5%

Your annual homeowners-insurance assumption, converted to a monthly estimate.

HOA dues per month$0

Enter the monthly dues you want included in this estimate.

Include PMI if my down payment is under 20%Illustrative assumption only: when eligible, this estimate uses 0.5% of the loan amount per year. Your actual PMI depends on the program and file.

Read this before using the estimate

This calculator is for education and scenario planning. It does not provide a quote, prequalification, approval, or commitment to lend. Your results use only the assumptions you enter and do not account for every cost or program rule.

IMPORTANT FINANCING DISCLAIMER

Information provided on this website is for general informational and educational purposes only and does not constitute an offer, commitment to lend, loan approval, qualification, prequalification, or guarantee of financing. All loan programs, financing options, terms, rates, conditions, and availability are subject to change without notice and are subject to applicable lender and investor guidelines. Loan approval and program eligibility are subject to, but not limited to, verification of credit, income, employment, assets, debts, property eligibility, appraisal, acceptable collateral, underwriting requirements, and all applicable loan program guidelines. Not all applicants will qualify. Not all loan programs or financing options are available in all states or for all property types or purposes. Additional restrictions, conditions, and documentation requirements may apply. Any examples, scenarios, payment illustrations, educational content, or financing strategies presented on this website are for illustrative purposes only and should not be interpreted as a quote, approval, or commitment to lend.

Ted Canto | NMLS #228393 | Canopy Mortgage

Mortgage Payment Calculator

Amortization schedule