608-833-3800

Mortgage Calculator

This mortgage calculator is one of our tools meant to help you calculate your monthly mortgage payment. You’ll need to enter the approximate purchase price, down payment, the term of the loan, interest rate, property taxes, home insurance, and private mortgage insurance as applicable, as indicated in the mortgage calculator below, and then click on the calculate button. You should also be sure to account for other costs associated with purchasing a home in order to get an accurate estimate of your monthly payments.

    Mortgage Payment Calculator

    Purchase price
    Please enter here the amount you expect to pay for a home.
    Enter a value
    Down payment
    Down payment is cash that you pay upfront for your home.
    0.0%
    Enter a value
    Term in years
    Number of years you have to pay.
    years
    Enter a value
    Interest rate (per year)
    The percentage of interest that you will pay on your mortgage for a specific term.
    %
    Enter a value
    Property tax
    Enter your property tax here if you know it.
    per year
    Enter a value
    Home insurance
    Most lenders require home insurance. Enter its price here.
    per year
    Enter a value
    PMI
    PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
    per month
    Enter a value

    Your total monthly payment


    $

    Principal & Interest
    $
    Home insurance
    $
    Property taxes
    $
    PMI
    $

Disclaimer: 
Mortgage insurance is required when putting less than a 20% down payment, which will result in a higher monthly mortgage payment. The results from this mortgage calculator are estimates, please contact your mortgage lender for a more accurate monthly payment estimate.  

HAVE A QUESTION? Ask an Expert here!

I want to:

3 + 9 =

Ready to Apply?

Start Your Application Now!

If you are ready for a competitive home loan in the Madison, Wisconsin area, and you want prompt service —