Mortgage calculator for the United States
Thirty-year fixed rates are the default here and exist almost nowhere else, closing costs are itemised in detail, and mortgage insurance is added whenever the deposit is under a fifth of the price.
Mortgage calculator
Change any field and the figures update as you type. Everything is worked out in your browser: no number you enter is transmitted or stored.
How this market works
| Currency | USD $ |
|---|---|
| Typical rate (annual) | 6.5 % |
| Term | 30 years typical · up to 30 |
| Typical deposit | 20 % |
| Purchase costs | Closing costs 2.5%, Title insurance 0.5%, Property tax 1.1%, Home insurance 0.35% |
| Official sources | Consumer Financial Protection Bureau · Freddie Mac — Primary Mortgage Market Survey |
The starting figures are indicative values for this market, not an offer or a quote. Change any of them — the calculation updates as you type, and nothing you enter leaves your browser.
Related guides
How a Mortgage Calculator Works: The Formula, Shown
One equation produces the monthly payment, and everything else follows from running it month by month. Here is the arithmetic, and what most calculators leave out.
Fixed or Variable? The Decision Is About Your Budget, Not the Market
Fixed buys certainty and costs a little more; variable starts lower and moves. The honest test is what a three-point rise would do to you.
Deposit and LTV: Why the Bands Matter More Than the Amount
Rates are priced in LTV bands, so a small extra deposit that crosses a threshold can be worth more than any negotiation. Here is where the thresholds sit.