Buying a home vs restructuring an existing loan.
Use a Mortgage Calculator when you're pricing a new purchase. Use a Refinance Calculator when you already have a loan and want to lower the rate, shorten the term, or pull equity.
Estimates monthly payment, total interest, PITI, and amortization for a new home loan.
Typical user: Buyer comparing homes or setting a budget before making an offer.
Open Mortgage CalculatorCompares your current loan against a new rate/term and computes break-even months.
Typical user: Existing homeowner asking 'is refinancing worth it?'.
Open Mortgage Refinance CalculatorBuying? Start with the Mortgage Calculator. Already have a loan and rates have dropped 0.75%+? Run the Refinance Calculator to see the break-even.
Home price you can afford based on income and DTI.
US home purchase closing costs — 2-5% of price.
Monthly Private Mortgage Insurance based on LTV.
Break down each payment into principal and interest.