Skip to content

Mortgage Calculator

Mortgages can be complicated, but helping our clients is the name of our game at LendFriend! Use our mortgage calculators to help you estimate monthly housing payments.

Mortgage Calculator

Mortgages don’t have to be complicated. At LendFriend, we provide easy-to-use mortgage calculators so you can estimate your monthly payment, compare loan options, and plan your budget with confidence. Whether you’re buying your first home or your next, we’re here to help you make smart decisions.

Calculate Your Payment

Estimate your mortgage payment with taxes, insurance, and HOA. Just enter the price of the home, your down payment, and loan details to calculate your estimated payments and schedule!

HideShow Advanced Options

Please correct the errors and try again

Please input your loan details to see your results

Your Payment: {{ formatAsMoney(payment) }} /mo
Payment Breakdown:
Principal + Interest

{{ formatAsMoney(principalAndInterest) }}

Taxes

{{ formatAsMoney(propertyTaxAmt / 12) }}

Insurance

{{ formatAsMoney(insurance / 12) }}

Homeowner's Association

{{ formatAsMoney(hoa) }}

Smart Resources for Homebuying Success

Buy with confidence. Use our rate alerts, market insights, and expert insights to help you make the right decision when buying and financing your home.

Rate Alert

LendFriend's Rate Alerts

Thousands of smart homebuyers and homeowners have used LendFriend’s rate alerts to lock in lower rates at just the right time — saving money on their mortgage payments for years to come. Here are just 2 examples of borrowers who saved thousands with our Rate Alert.

Newspaper

The REcap: Mortgage and Market Insights

Stay ahead of the market with weekly insights on mortgage rates, housing trends, and what’s driving the U.S. economy — all in one place from the LendFriend team. Delivered straight to your inbox every Monday at 9AM CT.

 

Library

LendFriend's Learning Center

Your go-to resource for mortgage advice, real estate trends, and expert educational content. Our guides will help you succeed at refinancing with confidence when the time is right.

 

Homebuyer Mortgage Calculator FAQs

How can a mortgage calculator help me when buying a home?

A mortgage calculator helps you estimate your monthly payment by factoring in the loan amount, interest rate, loan term, taxes, and insurance. It’s a simple way to:

  • Set a realistic budget
  • Compare different loan options
  • Understand how your down payment affects your payment
How much should I put down on a home?

Down payments can vary based on loan type:

  • Conventional loans: as low as 3% down

  • FHA loans: 3.5% down

  • VA and USDA loans: 0% down (if eligible)

The calculator shows how different down payment amounts impact your monthly payment., but a small downpayment may require mortgage insurance.

 

Should I choose a 15-year or 30-year mortgage?

Many clients today are choosing a 30-year option because of the lower monthly payment, which allows you to qualify for a higher mortgage.

While opting for a 15-year mortgage does offer a slightly lower rate, there's many factors to consider.

Speak with a trusted mortgage advisor to go over your options.

 

How does Rate Rebound protect me if rates fall after I buy?

With LendFriend’s Rate Rebound, if you buy now and rates drop before 12/31/2026, you can refinance your mortgage with no lender fees. That means you can secure today’s home price without worrying that you’ll miss out on future savings if rates improve.

👉 This gives you peace of mind that you won’t miss out on savings if rates improve later. Learn more about Rate Rebound.

How do interest rates affect my monthly mortgage payment?

Your rate has a big impact! Even a 0.5% difference can change your monthly payment by hundreds of dollars. The calculator helps you test rate scenarios so you can see how.

Looking for more guidance? Check out the Complete Homebuying Toolkit: Save on Your Mortgage Rate, Closing Costs and Home Price

Buying a home in Texas? Our exclusive Homebuyer Tools help you compare mortgage rates, calculate monthly payments with our mortgage calculator, and access programs and calculators, like our rent vs. buy calculator, that can save you up to $30,000 on your home purchase.

Our tools not only help you qualify for the home loan that fits your needs, but they also guide you in finding the perfect property, negotiating mortgage rates, and securing seller concessions or closing cost credits. You’ll learn how to negotiate home price, improve your loan terms, and make confident decisions at every stage of your homebuying journey.

Join over 5,000 homebuyers who’ve secured better deals with LendFriend Mortgage, your local mortgage broker.

Download our FREE Homebuyer tools to save thousands on your purchase.

SEE WHAT OUR CUSTOMERS ARE SAYING

5/5 Star Reviews on Google, Zillow, and Experience.

Stars
  • We worked with the LendFriend team and could not recommend it more. As first time home buyers, there is a lot to learn - and LendFriend know how to share their knowledge with patience and professionalism.For anyone considering working with them, just go ahead and give them a call. You will not regret it.
    Jesper Holdensen
    Closed June 2025
  • Wow my husband and I were truly impressed with how easy the LendFriend team made our home buying experience. Eric and his team took extra care in explaining and outlining each step -- a real customer first experience. On top of that, each member of the team was incredibly knowledgeable, organized, and responsive; resulting in an expeditious close! The website promise of working around the clock to support you is 100% factual, we had staff answering questions late night and weekends. The entire team was a real pleasure to work with, so if you are looking for a mortgage broker look no further, LendFriend is the team for you! They will give you peace of mind, get you the best rates, and make you feel confident when buying your home :)
    Sarah Carr
    Closed May 2025
  • I had been looking for a house for 2-3 years and while it was a journey as a business owner with a difficult financial situation this company did what 6 others could not. They got me a jumbo loan based off my business income and when I needed more they just made it happen twice. This process of funding can be extremely difficult and basically a blow to the ego but Eric and his team are literally magicians and my fiancee and I are now closed on out dream house. I recommend them whole heartedly
    Shawn Tassone, MD, PhD
    Closed April 2025
  • LendFriend is the only place to go for mortgage brokerage services. Their unparalleled technical knowledge, relationships with a wide array of lenders, and outstanding service make them the absolute best place to secure your next mortgage.
    Robert Daake
    Closed March 2025
  • LendFriend was such a wonderful partner in the process of buying our first home. They were so helpful and patient in giving us guidance, and their availability to communicate was next-to-none. I can't recommend them highly enough!
    Hunter Hampton
    Closed February 2025
  • Highly recommend LendFriend!!! As daunting as the process can be to get pre-approved for a mortgage loan, the entire team was great that we worked with that got us to the finish line. Each team member helped us in clearly communicating each step to ensure every step was smooth, in addition being available for a quick call to walk through our questions and concerns when needed. LendFriend was also very competitive with rates and dropped our interest rate last minute right before we closed! They got the job done and made it as stress free as possible.
    Ingrid Eichenberger
    Closed December 2024

Ready to Get Started?