Home Loan Calculator

A home loan is commonly called a mortgage in the United States. Use our mortgage calculator to estimate the payment for a home purchase.

This calculator helps you compare home prices, down payments, interest rates and loan terms. You can also include estimated property taxes, homeowners insurance, PMI and HOA dues.

Open the Mortgage Calculator →

What does a home loan payment include?

A monthly mortgage payment may include principal and interest, while your total housing cost can also include property taxes, homeowners insurance, mortgage insurance and HOA dues. The exact amount depends on the loan and property.

Home loan vs. mortgage

For U.S. consumers, “mortgage” is the more common search and financial term for a secured loan used to buy a home. “Home loan” is still useful language for people comparing borrowing options, so LoanEssy covers both terms.

Frequently asked questions

Is a home loan the same as a mortgage?

In common U.S. usage, a mortgage is the standard term for a loan secured by a home.

How much down payment do I need?

There is no single down-payment amount for every borrower. Requirements vary by loan program, lender, credit profile and property.

Does a lower interest rate always mean a lower total cost?

Not necessarily. Compare the official APR, fees, points, loan term and total payments rather than the interest rate alone.