MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.
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MORTGAGE HELP

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

What my clients say...

Abby Bolan

Hollie is exceptionally knowledgeable about the real estate market. Her communication skills are very good, and she always responds within a timely manner. I highly recommend her for any future real estate needs, questions or concerns.

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If you want the easiest possible home buying experience, look no further than Hollie! We were trying to find a home for my mother and had very specific requirements. Hollie was thorough, helpful, patient and efficient in getting the job done! Hollie is very responsive and thorough in her responses. She provided us with all the resources and referrals we needed and was able to get us to the finish line within just a few short weeks. For a personal and quality experience, this is your starting and stopping point. Top notch person and service!

Rhonda Fiske

We could not have been more pleased with our decision to work with Hollie Blackwood selling our home. She worked tirelessly bringing new ideas to market and had answers to all of our questions! Hollie provided recommendations for contractors and her dedication to providing excellent service included working with professional photographers and stagers. On a personal level, Hollie was our advocate in the business of selling our home but we became friends along the way.

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Hollie Blackwood
Hollie Blackwood

Agent | License ID: 143976

+1(256) 612-0034 | hollie@hollieblackwood.com

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