How Much Can You Afford?
Mortgage Calculator Help
The Hope Team’s mortgage calculator helps determine your total monthly mortgage payment, total principal, total interest and total payments. You are able to adjust the purchase price, down payment, interest rate and interest term details to reflect your situation. The monthly payment calculator is for estimate purposes only and does not include factors like taxes, insurance or HOA dues.
- Purchase Price
- This is the amount of money you are planning on offering the seller for the house. Include all down payment money.
- Down payment
- This is the amount of money you will put towards a down payment on the house. Make sure you include any Earnest Money Deposits and Due Diligence Fees you will pay.
- Interest rate
- This is the interest rate for the loan you will receive. It is pre-filled with a 4% average rate.
- Interest term
- This is the length of time you choose to pay off your loan (e.g., 30 years, 20 years, 15 years, etc.)