Because mortgage payments divide the cost of the mortgage into monthly chunks for the length of the loan, it can be hard to assess how much you’ll end up paying in total for your home, and with interest, the amount you pay can be a lot more than you’d think. This calculator will help you see how much your home will actually cost you.
Enter the price of your home as the Home Price. Move the Down Payment slider to the down payment you paid or will pay for the home. Move the Loan Term slider to the length of your mortgage loan and the Interest Rate slider to the interest rate. If you’d like to adjust the amount you pay for home insurance, property tax, or change the PMI, select Advanced Options.
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