HOME BUYING TOOLS
Mortgage Calculator
Learn how different factors affect the cost of a mortgage. Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
Mortgage Details
Conventional: PMI required if down payment is < 20%; drops at 80% LTV.
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Additional Monthly Costs (Optional)
Pick a city to auto-fill the property tax rate.
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Virginia average: ~1.1% of home value
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Typically 0.3% - 0.7% of home value
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Auto-calculated if down payment is less than 20%.
Monthly Payment
Estimated Monthly Payment
$2,599
Payment Breakdown
Principal & Interest
$2,016
Property Tax
$400
Home Insurance
$150
HOA Dues
$0
PMI
$0
Loan Summary
Total Interest Paid
$405,818
Total Cost of Loan
$725,818
This mortgage calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, we don't provide loans, and this tool doesn't promise lending.
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