Calculate Your Options
Mortgage Payment Calculator
Tap in a few details, explore your options and see what’s possible. Adjust loan amounts, rate and terms to understand what you could afford.
Home Loan Calculator
Estimate your projected monthly home loan payment. Adjust principal, interest, taxes and insurance to see what changes.
Refinance Interest Savings Calculator
Discover how much interest you could save by refinancing.
Mortgage Affordability Calculator
Match the mortgage you can afford to your budget based on your income, debts, down payment and target monthly payment.
Rent vs. Buy Calculator
Compare the lifetime cost of renting versus buying.
ARM vs Fixed-Rate Mortgage Calculator
Discover how an adjustable-rate mortgage and a fixed-rate mortgage compare over time to determine which is the better fit for you.
Mortgage Refinance Calculator
See what your new monthly payment could be after refinancing.
Jumbo Loan Calculator
Estimate your monthly payment for larger loans made for higher-value home purchases.
FHA Loan Calculator
Calculate your monthly payment using a loan that requires less money down.
VA Loan Calculator
If you are an eligible Veteran or service member, see your estimated monthly payment with 0% down. (Note: Calculator includes VA funding fee.)
HELOC Monthly Payment Calculator
Estimate your monthly HELOC payment based on the draw amount, rate, and repayment terms.
Get Answers from Your Local Loan Officer
Get Answers from Your Local
Loan Officer
Frequently Asked Questions
Which calculator should I use?
It depends on the decision you’re trying to make. If you’re thinking about buying a home, start with the Mortgage Affordability Calculator to see what monthly payment range fits your income and debts. From there, move to the Home Loan Calculator to estimate a specific payment on a specific home price, including taxes and insurance. If you’re still weighing whether to buy at all, the Rent vs Buy Calculator compares lifetime costs of both paths over the years you plan to stay.
If you’re considering refinancing, the Refinance Interest Savings Calculator shows the lifetime savings of replacing your current mortgage, and the Mortgage Refinance Calculator estimates the new monthly payment side by side with what you pay today. Specialty calculators (FHA, VA, Jumbo, ARM vs Fixed, HELOC) handle the product-specific math when you’ve narrowed in on a loan type. Use the filter tabs above to narrow to the calculators that match your goal.
How accurate are these calculators?
The math in each calculator is precise. It’s the same math a loan officer or underwriter uses to compute a payment, a savings figure, or an affordability range. What’s is an estimate is the inputs. Rates change daily, your specific approved rate depends on your credit score and debt-to-income ratio, and the actual home price you pay can shift between making an offer and closing. The same is true for property taxes, homeowners insurance quotes, and any HOA fees on the property.
The output is a directionally accurate estimate of your monthly payment, savings, or affordability. It’s close to what you’d see in a final loan estimate, but not a binding number tied to your specific credit and finances. To get the exact rate, payment, and qualification figures on an actual loan, you’d start a pre-approval with a licensed loan officer. The calculators are designed to give you confidence about the range before you take that step.1
Do I need to share my personal information to use these calculators?
No. None of the calculators on this page require an email, phone number, or credit pull. They run entirely in your browser based on the numbers you enter, including home price, loan amount, rate, term, and down payment. Use them as a private starting point or a sanity check on a payment quote you got elsewhere. Run the same scenario as many times as you want, with as many input variations as you want, without anyone on our end seeing the results.
When you’re ready to get specific numbers tied to your actual credit and finances, that’s where a pre-approval comes in. Pre-approval is a different process from calculator usage. It involves submitting your financial information for review, generates a binding letter you can share with sellers, and is typically done with a licensed loan officer. The calculators are designed to give you privacy and zero-commitment experimentation before that point. 1
What are the limitations of using a mortgage calculator?
Calculators are estimation tools, not approval tools. They don’t see your credit score, your debt-to-income ratio, your employment history, the assets you have available for a down payment, or the specific underwriting rules that apply to your loan type and state. The number a calculator returns assumes a credit profile and an underwriting context that may differ from your actual situation. Both are placeholders until your loan file gets reviewed.
Calculators also can’t account for closing costs that vary by lender and property, property taxes that vary by county, homeowners insurance quotes specific to your address, HOA fees on the property, or rate adjustments based on your loan-to-value ratio. The output is a useful starting point and a meaningful comparison tool, but a licensed loan officer is the only path to the binding numbers (rate, payment, total cost) on your specific loan in your specific market.
What should I do after I use a calculator?
It depends on what the calculator showed you and where you are in your decision. If the numbers look workable and you’re ready to move forward, the next step is a pre-approval. It only takes a few minutes, has no commitment, and gives you the actual rate and loan amount you’d qualify for based on your credit and finances1. The pre-approval letter is what sellers want to see attached to your offer when you start making one.
If you want to talk through your options before any application, enter your zip code in the section above to connect with a local loan officer who can walk through your specific situation. If you’re still in the exploratory phase and want more education before any of that, the Learning Center has structured content on each loan type, the qualification process, and what to expect at each stage of the home loan journey.
By refinancing the existing loan, the total finance charges may be higher over the life of the loan.
loanDepot.com, LLC is not acting on behalf of or at the direction of the HUD/FHA, U.S. Dept. of Veterans Affairs, the U.S military or the federal government.