Run the numbers
Use this mortgage payment calculator to estimate potential monthly housing costs based on purchase price, down payment, loan amount and other inputs. Calculator results are estimates only and are not a loan approval, commitment to lend or Loan Estimate.
Enter a hypothetical rate for illustration only. This is not a rate quote, an offer to lend, or a commitment to lend.
Mortgage insurance is automatically excluded once your down payment reaches 20%. Minnesota property tax rates vary widely by city and county, so adjust to match the property you’re considering.
Hypothetical monthly payment
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Enter a hypothetical interest rate above to see an estimated monthly payment. The number that appears here is for illustration only and does not reflect current market pricing or your qualification.
An estimate is a starting point. A pre-approval gives you a personalized, property-specific payment and terms you can plan around.
This calculator is an educational estimate only. It is not a rate quote, a Loan Estimate, an offer to lend, or a commitment to lend. Hypothetical rates, payments, taxes, insurance and mortgage insurance depend on credit, property, occupancy, program and market conditions at the time of application. Amounts shown do not include all possible costs.
Actual mortgage payments and cash-to-close figures depend on the final loan terms, property taxes, insurance, mortgage insurance, HOA obligations and other transaction-specific costs.
This calculator is an educational tool. It does not determine any of the following:
Those outcomes are determined through a full application, documentation review and underwriting, and they vary by borrower, property, occupancy and loan program.
