Adjust the calculator to estimate your monthly mortgage payment.
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.
Please fix the following items to continue:
- Enter a purchase amount that’s $2,000,000 or less.
- The down payment must be lower than the home price.
PAYMENT BREAKDOWN
Principal and interest
This is based on the loan amount (the home price minus your down payment), interest rate and term length you entered.
Property tax
This is an estimate, based on the home price you entered. Property tax is calculated by your local government on the value of the property you own, including the land.
Homeowner’s insurance
This is an estimate, based on the home price you entered. You can change it if you have a specific value.
Private mortgage insurance (PMI)
If your down payment is less than 20% of the home’s purchase price, your lender may require you to purchase private mortgage insurance for a conventional loan.
See how much you might be able to borrow.
Have you found a home? Start your application process.
Start your application
Reach out to an experienced loan officer.
Find a mortgage loan officer
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.
![Mortgage payment calculator with taxes and insurance | U.S. Bank (1) Mortgage payment calculator with taxes and insurance | U.S. Bank (1)](https://i0.wp.com/www.usbank.com/dam/images/mortgage/first-time-homebuyers/fthb_couple-looking-at-house.jpg)
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.
Calculate your mortgage affordability
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.
Apply for prequalification
![Mortgage payment calculator with taxes and insurance | U.S. Bank (2) Mortgage payment calculator with taxes and insurance | U.S. Bank (2)](https://i0.wp.com/www.usbank.com/dam/images/mortgage/first-time-homebuyers/fthb_woman-kitchen-laptop.jpg)
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.
Calculate your 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.
Learn to save for a down payment
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.
Find a mortgage loan officer
![Mortgage payment calculator with taxes and insurance | U.S. Bank (3) Mortgage payment calculator with taxes and insurance | U.S. Bank (3)](https://i0.wp.com/www.usbank.com/dam/images/mortgage/first-time-homebuyers/fthb_couple-and-loan-officer.jpg)
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.
Learn how to build credit
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.
Compare mortgage products
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.
Compare mortgage rates
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.
Calculate a fixed-rate monthly payment
Take the next step
Start of disclosure content
Disclosures
Estimated monthly payment and APR calculation are based on a down payment of 0% and borrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable. Estimated monthly payment and APR assumes that the VA funding fee of $6,072 is financed into the loan amount. Estimated monthly payment does not include amounts for taxes and insurance premiums. Estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.
Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.
Equal Housing Lender