Our mortgage calculator can help you estimate your monthly mortgage loan payment and find options that fit your budget.
Use our mortgage calculator to estimate* your monthly mortgage payment. To see how your monthly payment can change, enter different home prices, down payment amounts, loan terms, and/or interest rates.
( $52,500.00 )
Your Estimated Monthly Payment
$1,866.95
30 year fixed loan term
*Financial calculator is for illustrative purposes only and is provided to assist you in estimating costs based on the information you provided. This is only an estimate and actual rates and payments may differ.
Have questions about the home-buying process? We’re here to help – reach out to us and we’ll help guide you through the pre-qualification process, your mortgage application, and everything you need to know about buying a home.
TALK TO A SEACOAST EXPERTYour mortgage payment(s) include your principal, interest, taxes and insurance.
There are several reasons why your mortgage payment may change over time. Your property taxes going up or down can cause a change in your mortgage payment, as can reassessment of your property value. You can also choose to refinance your mortgage loan, which can significantly change your mortgage payment. For example, if you shorten your 30-year loan to a 15-year loan, you will pay more on your mortgage, but you can pay off your loan faster and potentially save on interest costs.
Perfect credit is not a requirement for a mortgage but improving your credit can make it easier to apply for a mortgage and help you get a more competitive mortgage interest rate. The type of credit you have, length of credit history, payment history and outstanding balances all contribute to your FICO score.
Between getting a mortgage pre-approval, shopping for a home, submitting an offer and preparing to close on a home, you could spend as little as a few weeks or several months. Getting pre-approval early on in the process is essential to being able to make an offer as soon as you find the right home. You can expect to receive your pre-approval letter about a week after you apply – from there, you can start seriously pursuing the home search.
There are many advantages to buying a house instead of renting. Homeownership is an investment, and putting equity into a home of your own can pay off down the road as your home potentially appreciates in value. You also have more freedom to make your own decisions with homeownership – renovate, redecorate and make upgrades to your own taste, and have control over the decisions you make on your property.
Determining how much mortgage you can afford involves considering several factors, including your income, debts, down payment and the interest rate on your loan.
A mortgage down payment is the initial amount of money you pay upfront when purchasing a home. This payment is a percentage of the home’s purchase price and is combined with a home loan to cover the total cost.
Using a mortgage payment calculator is a great way to plan your budget and understand how much you can afford for a home. Here’s how you can use it effectively:
Steps to Use a Mortgage Payment Calculator
Making extra mortgage payments can provide several significant benefits.
You also need to consider:
Choosing between different loan terms, such as a 15-year versus a 30-year mortgage, can significantly impact your monthly payments and the overall cost of your loan. Here’s how each option affects your mortgage:
15-Year Mortgage
30-Year Mortgage