Mortgage Calculator
Buying a house is a big decision. Use our free mortgage calculator to estimate your monthly payments and see exactly how much interest you will pay over the life of the loan.
Loan Details
Typically 20% to avoid PMI.
15-Year vs. 30-Year Mortgage
30-Year Fixed
- Pros: Lower monthly payments, giving you more cash flow flexibility.
- Cons: You pay significantly more interest over the life of the loan.
- Best for: First-time buyers or those prioritizing lower monthly costs.
15-Year Fixed
- Pros: Build equity faster, pay much less total interest.
- Cons: Higher monthly payments (approx 50% higher).
- Best for: Buyers with stable, high income who want to be debt-free sooner.
Frequently Asked Questions
Frequently Asked Questions
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