Forbes Advisor's Mortgage Calculator uses home price, down payment and other loan details to give you an estimate calculation on your monthly mortgage payments.

Mortgage Calculator Results Explained . A mortgage calculator shows your estimated monthly mortgage payment based on inputs like home price, down payment, and loan term.You can optionally enter ...

Use a Mortgage Calculator. Plug your home loan details into the calculator below to see the monthly principal and interest payment, as well as the loan's amortization schedule.

The most common type of home loan is a 30-year fixed-rate mortgage. However, a shorter 15-year term can get you a lower rate. With CNBC Select's calculator, you can calculate payments with a ...

The interest rate your lender gives you isn't the true cost of your mortgage. Learn how to calculate your effective interest rate, including any discount points.

Appraised home value – current home loan balance = your home equity For example, if your home is valued at $500,000, and you owe $300,000 on your mortgage, you have $200,000 in home equity. 4.

How to Calculate Home Equity: 3 Simple Steps. Equity is the difference between your home’s value and your remaining mortgage balance ...

If you’re a first-time homebuyer who hasn't saved enough to make a large down payment or are concerned you might not qualify for a conventional home loan, a Federal Housing Administration (FHA ...

A mortgage calculator does the heavy lifting mathematically speaking. With it, you can: Figure out how much you’ll need to pay in principal and interest each month based on the home price ...

Here's how to calculate your home equity and combined loan-to-value ratio, or CLTV, so you can determine how much you might borrow with a home equity loan or line of credit.

Your home equity equals the current value of your home minus your current mortgage debt. Assume your home’s current value is $410,000, and you have a $220,000 balance remaining on your mortgage.

In the example above, you'd divide $210,000 (primary mortgage amount) by $365,000 (current appraised value) to get an LTV of 57.5%. If you take out a $50,000 home equity loan, you'd divide ...