Monthly Payment Calculator

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Monthly Payment Calculator

Calculate payments for Conventional, Non-QM, and Hard Equity Loans.

Whether you have pristine credit or are looking for home loans for bad credit, knowing your monthly obligation is step one. Use this tool to run scenarios for different loan amounts, interest rates, and terms to see what fits your budget.

Calculate Your Costs Conventional

Home Price

Down Payment (%)

Loan Amount

Interest Rate (%)

Loan Term

Property State

Estimated Cash to Close:

$12,936

Monthly Payment Breakkdown

Loan Payment:

$1,458.27

Property Tax:

$300.00

Home Insurance:

$300.00

HOA Fees:

$0.00

Conventional Monthly Payment Calculator

Use this Mortgage Calculator to estimate your monthly mortgage payment, including taxes and insurance.

🏠 Conventional Monthly Payment Calculator

30-Year Fixed 3.5% Down Payment No PMI

📊 Loan Details

Home Price $

Down Payment (%) 3.5% minimum for this scenario

Down Payment ($)

Principal Loan Amount

Mortgage Period (Years)

Interest Rate %

📋 Monthly Expenses

Property Tax (Monthly)

Home Insurance

HOA Fees (Monthly)

Mortgage Insurance ✓ No PMI required

💡

No PMI Scenario: This calculation shows a conventional loan with 3.5% down and no monthly mortgage insurance. This may reflect lender-paid PMI, special programs, or premium pricing.

ESTIMATED MONTHLY PAYMENT

Conventional

$2,083.03

Payment Breakdown

Principal & Interest: $1,759.03

Property Tax: $237.00

Home Insurance: $87.00

HOA Fees: $0.00

Mortgage Insurance: $0.00

✓ No Monthly Mortgage Insurance (PMI)

📌 Loan Summary

Home Price: $300,000

Down Payment: $10,500 (3.5%)

Loan Amount: $289,500

Interest Rate: 6.125%

Loan Term: 30 Years

Total Monthly Housing Payment

$2,083.03

First Payment Breakdown: Principal: $147.75 | Interest: $1,611.28

FHA Monthly Payment Calculator

Use this FHA Monthly Payment Calculator to estimate your monthly mortgage payment, including taxes and insurance.

🏡 FHA Monthly Payment Calculator

30-Year Fixed 3.5% Down Payment Annual MIP: 0.55%

📊 Loan Details

Home Price $

Down Payment (%) FHA minimum 3.5%

Down Payment ($)

Principal Loan Amount

Mortgage Period (Years)

Interest Rate %

🏛️ FHA Mortgage Insurance Premium

Annual FHA MIP (%) Standard 0.55% for >15yr loans

Monthly MIP Amount

ℹ️ FHA annual MIP is divided by 12 and added to your monthly payment. Upfront MIP (1.75%) is typically financed into the loan and not part of monthly payment.

📋 Monthly Expenses

Property Tax (Monthly)

Home Insurance

HOA Fees (Monthly)

🏛️

FHA Loan Requirements: 3.5% minimum down payment • 0.55% annual MIP (paid monthly) • 1.75% upfront MIP (financed, not in monthly payment)

ESTIMATED MONTHLY PAYMENT

FHA Loan

$2,215.72

Payment Breakdown

Principal & Interest: $1,759.03

Property Tax: $237.00

Home Insurance: $87.00

HOA Fees: $0.00

FHA MIP (Annual 0.55%): $132.69

✓ Includes FHA Mortgage Insurance Premium at 0.55% annually

📌 FHA Loan Summary

Home Price: $300,000

Down Payment: $10,500 (3.5%)

Loan Amount: $289,500

Interest Rate: 6.125%

Annual MIP: 0.55%

Monthly MIP: $132.69

Total Monthly FHA Payment

$2,215.72

Upfront MIP (1.75%): $5,066.25 is typically financed into the loan amount and NOT included in this monthly payment calculation.

First Payment Breakdown: Principal: $147.75 | Interest: $1,611.28 | MIP: $132.69

VA Monthly Payment Calculator

Use this VA Monthly Payment Calculator to estimate your monthly mortgage payment, including taxes and insurance.

🎖️ VA Monthly Payment Calculator

30-Year Fixed 3.5% Down Payment No Monthly MIP No VA Funding Fee*

📊 Loan Details

Home Price $

Down Payment (%) VA allows 0% down

Down Payment ($)

Principal Loan Amount

Mortgage Period (Years)

Interest Rate %

🎖️ VA Loan Benefits

✓ No monthly mortgage insurance

✓ Competitive interest rates

✓ 0% down payment option

✓ No prepayment penalties

ℹ️ VA Funding Fee: Not included in monthly payment. Typically 1.25% - 3.3% of loan amount, can be financed or paid at closing. Disabled veterans may be exempt.

📋 Monthly Expenses

Property Tax (Monthly)

Home Insurance

HOA Fees (Monthly)

Mortgage Insurance ✓ No MIP on VA loans

🎖️

VA Loan Eligibility: Available to veterans, active-duty service members, and surviving spouses. This calculator shows monthly payment without the VA funding fee, which is typically paid at closing or financed.

ESTIMATED MONTHLY PAYMENT

VA Loan

$1,789.86

Payment Breakdown

Principal & Interest: $1,465.86

Property Tax: $237.00

Home Insurance: $87.00

HOA Fees: $0.00

Mortgage Insurance: $0.00

✓ VA Loan Benefit: No monthly mortgage insurance required

📌 VA Loan Summary

Home Price: $250,000

Down Payment: $8,750 (3.5%)

Loan Amount: $241,250

Interest Rate: 6.125%

Loan Term: 30 Years

Total Monthly VA Payment

$1,789.86

💰 VA Funding Fee (Not in Monthly Payment)

The VA funding fee is a one-time cost that can be:

Paid at closing - Typical for first-time use: 1.25% - 2.15%
Financed into the loan - Added to principal balance
Exempt - Disabled veterans may qualify for exemption

Example: 1.25% fee on $241,250 = $3,015.63 (if not exempt)

First Payment Breakdown: Principal: $235.61 | Interest: $1,230.25