Mortgage Calculator

How much house can you afford?

Mortgage Calculators are provided as a free service to our users. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose.

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The result of this calculation should not be taken as a statement of one’s credit-worthiness but rather a general guideline of industry practices. Furthermore, calculation results are not to be construed as an offer to extend credit, under any terms, to any individual or lender listed on this website. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.

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Mortgage Calculator

The below mortgage calculator is not a commitment to lend. This mortgage calculator is for illustrative purposes only and estimates are based on the information you provided. Interest rates, mortgage insurance rates, and mortgage loan programs are subject to credit approval. Available rates and terms will vary, sometimes drastically, based on borrower eligibility and the program selected. For accurate interest rates and mortgage insurance rates, please give me a call.


House Payment | What will my monthly payment be?

A lot of people shop for homes based on price. However, when you finance your purchase with a mortgage loan, it pays to consider your total monthly housing payment too. For example, suppose a relatively inexpensive home has high taxes, insurance costs, or fees. In that case, it might require a higher monthly payment than a home with a higher initial price and lower monthly costs. Use this calculator to estimate the total monthly housing payment for any home you’re considering and determine if it could be affordable for you.


Principal + Interest | What might my P+I payment be?

Use this simple calculator to see what the principal and interest portion of a total monthly housing payment would be for any loan amount, term, and interest rate combination. Remember that a typical monthly payment includes taxes such as hazard insurance, and mortgage insurance (when your down payment is less than 20% of the purchase price). If applicable, a condo/co-op or homeowners association fee may also need to be accounted for. When you’re considering the cost of homeownership, it’s wise to account for utilities, maintenance, and potential upgrades too.


Mortgage Free | What would it take to pay off my mortgage early?

Owning your home “free and clear” may be easier to achieve than you think. Use this calculator to see how much extra you would need to add to your regular payment so you can pay off your mortgage loan early. As you’ll see, a relatively small extra investment can make a big difference over time.

Just remember that the monetary value of an early pay-off equates to what you save in interest. Since mortgage interest can often be tax-deductible, there may be better ways to use your cash to build wealth. Always check with your financial advisor before making these types of decisions.


Potential Homeownership | How much home is your rent worth?

Your monthly rental payment may have more power when it comes to purchasing a home than you think. If you are spending money on monthly rent, chances are you can afford a mortgage payment. Instead of helping the landlord pay off their home, that payment can now help you grow the equity in a home of your own. Also, think about taking advantage of potential tax savings (always check with a tax pro first!) Use the calculator below to see how much home your rent payment might buy.


Refinance | How much could you save with a lower rate?

Lowering the interest rate on your mortgage loan, even by a small percentage, can often equate to significant savings on your monthly payment over the life of your loan – and the benefits don’t stop there! With a lower rate, you may also choose to shorten your loan term, reduce your loan balance more quickly, or access cash with no increase to your payment. Use the calculator to see how much you may be able to save.


Your Home’s Future Value

Let’s take a quick peek into the future and see how the value of your home could change over time. Home values don’t typically go straight up. Like other commodities, values can rise and fall. Yet over time, real estate has traditionally risen an average of approximately 5% per year. As a result, your home’s future value may grow more than you think. The equity accumulated could end up representing the majority of your total future net worth. Use the calculator to estimate what your home may be worth someday.

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What Our Clients Are Saying

Zachery Adam at GoPrime Mortgage made my first time home purchase as seamless and easy as possible. Not only is he very diligent and effective in his work, but he also genuinely cares about supporting you through the process of a home purchase. You can’t find such great service anywhere else! I highly recommend him and GoPrime as a whole.

Sharlette W.

I am a younger first-time home buyer and Zachery made the home mortgage process very easy and stress-free for me. I received a very competitive interest rate considering my age and younger credit history during a time of rising interest rates. Zach and Aaron were very communicative and helped me feel confident in the process. They are calm, trustworthy people you can trust to quickly answer any questions you will have. Overall, securing the mortgage and obtaining the appraisal was very easy, and I am very grateful for Zach’s help throughout the process. Since the home buying process was as stress-free as possible, I am sure I will be using GoPrime again in a few years if I want to purchase another home.


As first time home buyers, my wife and I were so thrilled to work with Zack and his team at GoPrime Mortgage. He was patient, thorough, and made it very easy for us to get through the process. I would not hesitate to recommend Zack & GoPrime Mortgage at all, especially if the thought of buying a house seems overwhelming. After putting in an offer just 30 days ago, we closed today—on time, and with no hassles. Many thanks Zack & co!

Kevin W.

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