Mortgage Calculator
Calculate Your Mortgage Payment with Confidence
Understanding your monthly mortgage payment is one of the most important steps in buying a home. The Statewide Funding Mortgage Calculator helps you estimate your monthly payment based on your loan amount, interest rate, and loan term.
This tool gives you a clear breakdown of your payment so you can plan your budget, compare options, and move forward with confidence.
Plan Your Monthly Payments Before You Buy
A mortgage is more than just a loan amount. Your monthly payment may include several components, and this calculator helps you see the full picture.
What This Tool Helps You Do
- Estimate your monthly mortgage payment
- Understand principal and interest breakdown
- Include property taxes and insurance in your estimate
- See how interest rates affect your payment
- Plan a budget that fits your financial goals
What Goes Into a Mortgage Payment
| Component | Description | Why It Matters |
|---|---|---|
| Principal | The amount you borrow | Reduces your loan balance over time |
| Interest | Cost of borrowing the loan | Impacts total loan cost |
| Taxes | Property taxes | Required for most homeowners |
| Insurance | Homeowners insurance | Protects your property and lender |
Calculate Your Monthly Mortgage Payment
Mortgage Calculator
Conventional
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Summary:
Based on what you input into today your Total Payment would be on a Conventional Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 30.47%/60.47% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
FHA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly FHA Payment:
- Down Payment:
- FHA Loan Amount:
- Upfront MIP:
Summary:
Based on what you input into today your Total Payment would be on a FHA Loan with a 3.50% Down Payment. Your Debt-to-Income Ratio is 26.85%/56.85% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
VA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly VA Payment:
- Down Payment:
- VA Loan Amount:
- VA Funding Fee:
Summary:
Based on what you input into today your Total Payment would be on a VA Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 25.93%/55.93% and the maximum allowable on this program type is 65%/65%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
USDA
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- USDA MIP
Loan Details
- Home Value:
- Base Loan Amount:
- Monthly USDA Payment:
- Down Payment:
- USDA Loan Amount:
- USDA Guarantee Fee:
Summary:
Based on what you input into today your Total Payment would be on a USDA Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 26.85%/56.85% and the maximum allowable on this program type is 29%/41%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
Jumbo
Payment Breakdown
per month
- Principal & Interest
- Taxes
- Insurance
- HOA Dues
- PMI
Loan Details
- Home Value:
- Mortgage Amount:
- Monthly Conventional Payment:
- Down Payment:
- Monthly Estimated PMI:
Summary:
Based on what you input into today your Total Payment would be on a Jumbo Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 25.47%/55.47% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.
Disclaimer:
Results are estimates for planning purposes only and are not a loan offer or approval. Actual payments and terms may vary based on your financial details, loan program, and market conditions. Contact a Statewide Funding Loan Officer for personalized guidance.
Example Mortgage Payment Breakdown
Here’s a sample estimate to help you understand how the calculator works:
| Item | Example Value |
|---|---|
| Home Price | $350,000 |
| Down Payment | $70,000 (20%) |
| Loan Amount | $280,000 |
| Interest Rate | 6.5% |
| Loan Term | 30 Years |
| Estimated Monthly Payment | $1,770 |
Note: This example shows how your inputs translate into a realistic monthly payment. Your actual results will vary based on your details.
Pro Tips for Home Buyers
- A lower interest rate can significantly reduce your monthly payment
- Increasing your down payment can lower your loan amount
- Consider total monthly cost, not just principal and interest
- Review multiple loan terms to find what fits your budget
Start Planning Your Home Financing
Knowing your estimated mortgage payment helps you stay within budget and avoid surprises.