Mortgage Payment Calculator

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Yrs
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Estimated Payment

Estimated Monthly Payment Without Taxes

Estimated Monthly Payment With Taxes

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Taxes
Average annual property taxes – $2,400 – $5,000
Property taxes vary depending on the type of home, location, and other risks.
OR for estimation purposes use 1% of home value. (purely approximate)

Interest Rates
Average interest rates – 1.59% – 2.44%
Interest rates vary greatly depending on the broker, lender, term, location, and your personal situation.

Heating
Average heating costs of $100 are considered as part of the income requirement.

Affordability Calculator

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Yrs
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Maximum Home Price

Estimated Total Mortgage Amount:

Estimated Monthly Payment:

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Closing Costs
Closing cost are an additional 1 – 1.5% of the purchase price.

Mortgage Amortization

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Yrs
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Mortgage Interest Paid

Estimated Monthly Payment:

Estimated Interest Paid:

Total Principale Paid:

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Our calculators are provided for illustrative purposes only; they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate. The presented results should not be taken as professional advice or relied upon as the sole basis for making important decisions. Rates are subject to change and any rate used in calculations are not guaranteed.