Mortgage Calculator
Thinking about buying or refinancing your home? Use our free mortgage calculator to estimate your monthly payments.
Monthly Payment Breakdown
Based on national average rates
$1,888/mo
-
$1,888
Principal & Interest:
The RoundPoint mortgage calculator provides estimates based on user inputs and does not guarantee loan terms or approval. Actual payments may vary based on taxes, insurance, and individual qualifications. This tool is for informational purposes only and is not a commitment to lend.
Loan options
Buy a home
Looking to buy a new home? Get approved for a purchase loan tailored to fit your needs.
Refinance my home
Lower your monthly payments, lock in a new rate, consolidate debt or fund renovations with a cash-out option.
Home equity options
Unlock the equity in your home by tapping into your property’s value.
We’re here to help.
Get answers to your questions quickly.
Our mortgage calculator helps estimate your monthly mortgage payments based on several factors. Simply input the home price, down payment, loan term, and interest rate. The calculator will provide an estimate of your monthly payment, including principal, interest, and any additional fees you enter (like property taxes, homeowner’s insurance, and HOA dues). For a tailored estimate, consulting with a representative can help account for any unique costs in your situation.
Note: This calculator offers an estimate only. Actual costs may vary based on individual circumstances. For precise figures, we recommend consulting with a professional.
- Plan Your Budget: Experiment with different home prices, down payments, and loan terms to see how they affect your monthly payments, helping you find the most affordable option.
- Compare Loan Options: Quickly compare scenarios, like fixed-rate vs. adjustable-rate mortgages (ARMs) or 30-year vs. 15-year loans, to find the right fit.
- Understand Your Costs: Get a breakdown of principal, interest, property taxes, insurance, and HOA fees so you aren’t surprised by hidden expenses.
- Refinance Planning: Explore how new loan terms and rates could impact your monthly payments if you are considering refinancing.
- Plan for the Future: Adjust factors like loan terms and interest rates to see how changes today can lead to long-term savings.
For the most accurate results, input detailed information relevant to your specific situation, such as home price, down payment, loan term, interest rate, and any known fees (e.g., property taxes, homeowner’s insurance, and HOA dues).
Additionally, speaking with a representative can help you factor in any regional or situational variables.
Note: This calculator provides estimates only. Costs may vary based on your unique situation. Consulting with a professional ensures you receive the most precise figures.