Mortgage calculator
Estimate your monthly payment, including taxes, insurance and mortgage insurance, and see how your loan pays down over time. Change any number to try a different scenario.
Your home and loan
Example rate for illustration only, not a quoted rate. Talk with a loan officer for today's rates.
Monthly costs
Property tax is a percentage of the home price. Rates vary by county, so check your local rate for a closer estimate.
Pay it off faster
See how much interest and time an extra monthly payment could save.
How your loan pays down
Principal and interest paid each year.
| Year | Principal | Interest | Remaining balance |
|---|
Principal and interest
The core of your payment. Early on, most of it goes to interest; over time, more goes toward paying down what you owe.
Mortgage insurance
Conventional loans with less than 20% down usually carry PMI, which can come off as you build equity. FHA and USDA loans have their own annual fees. VA loans have none.
Taxes and insurance
Most lenders collect property tax and homeowners insurance with your monthly payment through an escrow account, so they're included here.
Upfront fees
FHA, VA and USDA loans include an upfront fee that's usually added to the loan amount. This calculator includes it in your loan amount and payment.
This calculator is for illustration only and is not a loan offer, commitment to lend, or rate quote. The interest rate shown is an example and does not reflect the annual percentage rate (APR). Mortgage insurance, upfront fees, property tax and homeowners insurance are estimates; your actual figures depend on your credit, property, location, loan program and other factors. Loan programs are subject to eligibility and approval. Southeast Mortgage of Georgia, Inc. NMLS #103956. Equal Housing Lender.