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 received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.
This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.
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.