Mortgage Calculator

A self-contained component for calculating mortgage payments.

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About This Calculator

Understanding Your Mortgage

Calculating your mortgage is a critical step in the home-buying process. This tool breaks down the potential costs.

Key Factors

  • Home Price: The purchase price of the property.
  • Down Payment: The amount you pay upfront.
  • Interest Rate: The mortgage rate you've been quoted.
  • Loan Term: Typically 15 or 30 years.

The results will show your estimated monthly payment, including principal and interest. Note that this does not include property taxes or homeowner's insurance (PITI).