🏠 Mortgage & Home Loan Calculators
Plan your home purchase with our comprehensive suite of mortgage calculators. Calculate payments, compare loans, and make informed decisions.
Most Popular
All Mortgage Calculators
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Extra Payment Calculator
Save thousands with extra payments
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Amortization Calculator
See detailed payment schedule over time
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FHA Mortgage Calculator
Calculate FHA loan payments and requirements
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VA Loan Calculator
Veterans Affairs loan calculator
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Jumbo Loan Calculator
Calculate jumbo mortgage payments
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Rent vs Buy Calculator
Should you rent or buy? Compare costs
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Down Payment Calculator
Calculate recommended down payment
Understanding Mortgages
What is a Mortgage?
A mortgage is a loan used to purchase real estate, where the property serves as collateral. Most mortgages are repaid over 15-30 years with monthly payments that include principal, interest, taxes, and insurance (PITI).
Types of Mortgages
- Fixed-Rate: Interest rate stays the same
- Adjustable-Rate (ARM): Rate can change over time
- FHA: Government-backed, lower down payment
- VA: For veterans and military members
- Jumbo: For expensive properties
Key Components
- Principal: The loan amount
- Interest: Cost of borrowing
- Property Tax: Annual property taxes
- Insurance: Homeowners insurance
- PMI: Required if down payment < 20%
Getting the Best Rate
- Improve your credit score (aim for 740+)
- Save for a larger down payment (20%+)
- Shop around with multiple lenders
- Consider different loan terms
- Buy when rates are favorable