Payment Calculator
Curious to see how much home you can afford? Our free mortgage payment calculator may help you along the way in your homeownership journey!
The loan amount, the interest rate, and the terms of the mortgage play a major role in how your future monthly mortgage payment is determined. Property taxes, hazard insurance and private mortgage insurance (if applicable) will also factor into your payment. Obtaining an accurate payment calculation is an essential step when determining your budget.
Simply fill out the information below to help determine a monthly mortgage payment that works for you.
Questions about your results? Contact us today to talk to an experienced mortgage professional!
Monthly Mortgage Payments*
*Hypothetical monthly mortgage payments reflect hypothetical principal & Interest amounts rounded to the nearest dollar amount and do not include insurance, taxes, or other possible fees. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer.
Have you been pre-approved* yet?
Getting pre-approved will help you outline your home purchase even better.
*Pre-approval is based on a preliminary review of credit information provided to CMG Home Loans which has not been reviewed by Underwriting. Final loan approval is subject to a full Underwriting review of support documentation including, but not limited to, applicants’ creditworthiness, assets, income information, and a satisfactory appraisal.