Mortgage Calculator

You can estimate your monthly mortgage payment if you have an idea of how much your new home will cost.

$ Purchase Price

To see how your payment is affected:

Modify the percentage of your down payment.

Change the terms of your loan.

Select a state to see today's rate.

Down payment % info button

Loan amount $0
Loan assumptions and disclosures

Loan to value 80% info button

Term info button

Interest Rate ----

APR ----

Discount points ----

State

* required

How much should you put down?

For conventional loans, a down payment of at least 20% allows you to avoid Private Mortgage Insurance (PMI).

What is my LTV?

Loan-to-value ratio (LTV) is the ratio between the unpaid principal amount of your loan (or first mortgage lien) and the appraised value of your home, expressed as a percentage.

Fixed vs. variable rates

Fixed rates offer stability for the life of the loan. Variable rates may be lower initially, but can increase over time.

This is for illustrative purposes only and is based upon information you provided. Accuracy is not guaranteed and products may not be available for your situation. Results assume borrower has excellent credit. Loan assumptions and disclosures

Loan assumptions and disclosures

Interest rates and APRs are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available. APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan). Your monthly payment is not based on APR, but instead on the interest rate on your Note. Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.

Rates and APRs also assume:
Property type/use:	Single family residence/owner occupied
Loan-to-Value (LTV):	As displayed
Down payment:	As displayed
Rate lock period:	60 days. (Call for information and to obtain a rate quote and rate lock specific to your situation. This is not an offer of a rate lock.)
Loan amount:	As displayed
Discount point(s):	As displayed
Lien Position:	First lien
Property location:	North Carolina
Loan Term:	As displayed

Mortgage Calculator

Start by entering a purchase price: *

Loan assumptions and disclosures