Mortgage Calculators
Free mortgage calculators for every type of home loan. Estimate monthly payments, compare FHA, VA, conventional, and jumbo mortgage options, and find the right loan program for your home purchase.
Understanding Mortgage Types
Choosing the right mortgage is one of the largest financial decisions most people will make. The type of loan you select determines your down payment requirement, monthly payment, interest costs over the life of the loan, and the insurance you will need to carry. Our mortgage calculators are designed to help you compare these options side by side so you can make an informed decision based on realistic payment estimates for each loan program.
FHA loans are insured by the Federal Housing Administration and are popular with first-time homebuyers because they require a down payment as low as 3.5% and have more flexible credit requirements than conventional loans. However, FHA loans require mortgage insurance premiums (MIP) that add to your monthly payment, and this insurance typically cannot be removed without refinancing. The FHA loan calculator factors in these MIP costs so you can see the true monthly obligation.
VA loans are available to eligible veterans, active-duty service members, and surviving spouses, and offer the significant benefit of no down payment and no private mortgage insurance requirement. Backed by the Department of Veterans Affairs, these loans often have competitive interest rates and more flexible qualifying guidelines. The VA funding fee is a one-time cost that can be rolled into the loan amount, and the calculator helps you understand how this affects your total borrowing costs.
Conventional mortgages are the most common type of home loan and are not backed by a government agency. They typically require a down payment of at least 3% to 5% and private mortgage insurance (PMI) if you put down less than 20%. Conventional loans often offer the best interest rates for borrowers with strong credit and sufficient down payment. Jumbo loans are conventional mortgages that exceed conforming loan limits set by Fannie Mae and Freddie Mac, and are used for higher-priced properties. These loans typically require larger down payments and higher credit scores than standard conventional mortgages.
For other financing needs, explore our home equity calculators, business loan calculators, or return to the main loan calculator for general-purpose payment estimates.