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Start with your numbers

A payment that leaves
room for life.

See an estimated monthly payment and the upfront money you’ll need. Start with a home price, then make the example your own. The estimate updates as you type.

Last updated · For a conventional loan with optional PMI

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STARTING NUMBERS ARE EXAMPLES, NOT QUOTES
1The home you have in mind
$
A listing price, or a price you’d like to explore.
%
You may not need 20%. Explore low-down-payment loans.
2The mortgage basics
%
Example only. Use the rate from a lender’s Loan Estimate when you have one.
A shorter loan usually costs more each month, but less interest overall.
3The costs around your loan
Selecting a state fills a rough property-tax planning rate. Local taxes can be very different. Find down payment help in your state →
% / year
Editable estimate. Use local assessor information for this home; the sale may trigger a reassessment.
$/ year
Use an insurer’s quote. Flood or other separate coverage is not included.
$/ month
Enter 0 if there is no homeowners association fee.
% / year
A sample annual rate on your loan balance. This estimate turns it off at 20% down. Ask your lender for the actual PMI cost. FHA insurance works differently.
4The money you’ll need upfront
% of price
Start with 2–5% as a rough range. Include applicable prepaid taxes and insurance. What’s included?
% of price
Enter 0 if fully covered by someone else. Do not count it again in closing costs. Understand your agreement.
Does this fit my income?Optional · Add two numbers for a simple budget check.
$
Combined gross income of the people applying for the loan. For annual income, divide by 12. Leave at 0 to skip.
$
Car and student loans, card minimums, and other recurring debt payments. Do not add this home’s payment.

The 28/36 guideline is a planning tool, not a lender’s approval rule or a recommendation to spend the maximum.

Unfamiliar word? Open the plain-English glossary →
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Estimate here. Compare in writing.

Ask at least three different lenders for Loan Estimates on the same loan terms. Before closing, you must receive the Closing Disclosure at least three business days in advance for most mortgages.

Keep your savings safe.

Before sending a down payment or closing funds, call your closing company at a number you already trust. Read the wire-safety checklist before you send money.

About these estimates

The starting numbers describe the typical U.S. home. Home price is the national median for September 2026 (National Association of Realtors, Oct 13, 2026). Rate is Freddie Mac’s weekly average for a 30-year fixed loan (Oct 22, 2026). The 0.9% property tax rate is the 2025 national average (ATTOM, Apr 9, 2026). Insurance is a 2026 national projection (Insurify, Mar 18, 2026). The 10% down payment, 0.6% PMI rate, and fees are illustrative inputs, not live quotes. State tax presets are rough planning estimates, not verified current rates for your home. Replace them with a local property-tax estimate, insurer quote, and lender figures. The 28/36 ratios are a rule of thumb; lenders use their own criteria.

CFPB: how to read a Loan Estimate · CFPB: how to read a Closing Disclosure