Mortgage payment calculator

Calculate how much your mortgage payment could be each month.

This mortgage payment calculator gives you an estimate.

This mortgage payment calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you’re buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender’s fees and other costs, which can be significant.

Understand your monthly mortgage payment.

Your monthly mortgage payment depends on a number of factors, like purchase price, down payment, interest rate, loan term, property taxes and insurance.

Purchase price

Purchase price refers to the total amount you agree to pay to the property’s seller. This amount is typically different from your loan amount, since most lenders won’t loan you the full amount of a property’s purchase price.

Calculator assumption: single-family home

This mortgage payment calculator assumes that you’re buying a single-family home as your primary residence.

What can you afford?

Our mortgage affordability calculator can give you an idea of your target purchase price. You can make the calculation based on your income or how much you’d like to pay per month.

Get prequalified.

Are you ready to start taking steps toward a new home? If your answer is yes, get an estimate of what you may be able to borrow in just a few minutes.

Down payment

A down payment is the cash you pay up front when you buy a home. The larger your down payment, the less you’ll need to borrow and pay in interest.

Calculator assumption: 20% down payment

This mortgage payment calculator assumes that you have a 20% down payment, unless you specify otherwise. If you have less than a 20% down payment, you may have to pay private mortgage insurance (PMI), which would increase your monthly mortgage payment.

How much will you put down?

Want to see how much your down payment amount can affect your mortgage over time? Our down payment calculator can give an idea of your ideal down payment.

Start saving for a down payment.

When you’re ready to buy a home, a higher down payment can save you money in the long run. If you plan to buy in the near future, setting money aside now can only help.

Reach out to a mortgage loan officer.

If you’re ready to have a conversation about your mortgage options, a professional mortgage loan officer is just a phone call or an email away.

Interest rate

The interest rate is the amount of money your lender charges you for using their money. It’s shown as a percentage of your principal loan amount.

Understand your credit score.

Credit score is a pretty big deal when it comes to buying a home. The higher your credit score, the better your chances are for approval and for better interest rates.

Browse all mortgage products.

U.S. Bank offers loans that meet almost every mortgage need, and our mortgage loan officers are ready to go to work for you.

More tools and calculators

Today’s mortgage rates

Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

Fixed-rate mortgage calculator

Fixed-rate loans offer a consistent rate and monthly payment over the life of the loan. They typically have 10-, 15-, 20- or 30-year loan terms, but other terms may be available.

Adjustable-rate mortgage calculator

Adjustable-rate mortgage (ARM) loans often feature lower rates and monthly payments during their initial rate period, but rates can change once the initial rate period expires.