Mortgage Loan Payment Calculator | What's My Payment?

Mortgage Payment Calculator

What's My Payment?®
FHA, VA, USDA & Conventional Mortgage Payment Calculators
loading... Mortgage Payment
Principal & Interest
Estimated PMI
Monthly Escrow
Mortgage Payment
Purchase Price
slide in increments of $5,000
Loan Term
Interest Rate
Down Payment

Common Down Payments

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Property Taxes
Enter annual taxes or
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enter insurance premium or
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The conventional payment calculator calculates an accurate mortgage payment by accounting for various down payments, private mortgage insurance (PMI), property taxes, and homeowner's insurance.

** PMI IS ESTIMATED. The mortgage enviroment is continually changing, and PMI rates are dependent upon many factors, including credit scores, loan to value, debt to income, and more. PMI Rates are not available on loans with less than 3% down payments.

Conventional PMI

Loans with less than 20% down payments require PMI. PMI rates vary depending on down payment amount, credit scores, debt-to-income ratio, and overall loan profile.

PMI can be paid monthly or in one upfront lump sum. Once you have completed a full loan application a PMI estimate can be provided.

What is a conventional mortgage loan?

Conventional mortgages are just that -- Conventional. Before government backed loans, home buyers financed their purchase by making large down payments in order to get a loan from their local bank.

Conventional loans have evolved to become more efficient with Fannie Mae and Freddie Mac, however the premise is the same. PMI has made it easier to get conventional financing by allowing as little as 3% down.

A conventional mortgage loan is generally considered a mortgage loan that meets guidelines established by Fannie Mae and/or Freddie Mac.

Five Reasons to Check Your Credit Report Regularly

Top five reasons why you should make a practice of regularly reviewing your credit report... Read More

What is Lender Paid Mortgage Insurance?

Avoid paying monthly mortgage insurance by putting as little as 5% down and ask your lender for lender paid mortgage insurance... Read More

Conventional Loans Available with 3% Down Payment

The minimum down payment for conventional mortgage loans is now 3%... Read More

Ask the Seller to Pay Your Closing Costs

Seller paid closing costs are a great way to minimize your out of pocket cash to close. 3% (the conventional max) to 6% (the FHA max) is common... Read More

FHA vs Conventional Loan

FHA is often best when looking to minimize out of pocket cash & down payment. Conventional loans are for borrowers with strong credit & more liquid assets... Read More


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Conventional Mortgage Rates

When you calculate your new mortgage payment we will show you available mortgage rates. Mortgage rates will update as your parameters change.

Enter a new purchase price to begin.
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.