Mortgage Calculator

1. Home Price: The purchase price.
2. Down Payment: Cash upfront (e.g., 20%).
3. Interest Rate: Current market rate.
4. Loan Term: typically 15 or 30 years.
5. Calculate: See your monthly mortgage bill.

The Mortgage Calculator estimates your monthly house payment. It can include principal and interest, and often taxes and insurance (PITI).

Essential for homebuyers to determine "How much house can I afford?" before talking to a lender.