Mortgage Calculator
Estimate monthly payments and assess affordability to find the perfect mortgage fit.
These offers are no longer available on our site: Chase Freedom Flex℠, Chase Freedom Unlimited®, Bank of America® Premium Rewards® Visa® credit card, Chase Sapphire Preferred® Card, Citi® Secured Mastercard®
Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted.
Written by: Tim Devaney
Whether you’re looking to build credit, get out of debt or earn rewards, we’ve compiled a list of the best credit cards on the market to help you find the right one for your wallet.
FAQ: Editors’ answers
What is the loan term?
The loan term is the duration (in years) that you have to repay the mortgage loan. A longer loan term translates to smaller monthly payments but also means you'll pay more interest overall compared to a shorter loan term.
What is the interest rate?
The interest rate is the annual percentage rate you pay to borrow the money for the mortgage. It is a significant factor affecting your monthly payment amount.
What are property taxes?
Property taxes are annual taxes levied on real estate properties. The ShePays calculator allows you to input a monthly amount for property taxes.
What is homeowner's insurance?
Homeowner's insurance is financial protection against losses caused by covered disasters or other damaging events that affect your home. You can specify a monthly amount for homeowner's insurance in the calculator.
What is PMI (private mortgage insurance)?
PMI is an insurance policy that protects lenders if a borrower defaults on their mortgage. It's typically required when the down payment is less than 20% of the home's value. The calculator allows you to input a monthly amount for PMI, but it shows 0 in the example.
What are HOA fees?
HOA (Homeowner's association) fees are monthly or quarterly charges assessed by the homeowners' association to cover the cost of maintaining common areas, amenities, and services within a community. You can enter a monthly amount for HOA fees in the calculator.
We've got you covered.
We treat your data like it's our own.
We don’t share your personal information with unaffiliated third parties for their own advertising or marketing purposes.
We take your security seriously.
We use 128-bit or higher encryption to protect during the transmission of your data to our site.
¹Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the product shown, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.