Estimate your monthly mortgage payment.
Wondering what a home would really cost each month? Plug in a price, your down payment, a rate, and a loan term, and get an instant estimate of your principal and interest payment. Then take the number to Shane for the personalized quote that includes the details calculators skip.
Mortgage calculator
How much will my monthly mortgage payment be?
Adjust any field and the estimate updates instantly. It covers principal and interest only, so you can compare homes on a level playing field.
Estimated monthly payment
$2,275
Principal and interest only
- Loan amount
- $360,000
- Down payment
- $90,000
- Down payment share
- 20%
- Total interest over term
- $459,162
- Total paid over term
- $819,162
This estimate covers principal and interest only. Your actual monthly payment also includes property taxes, homeowners insurance, and HOA dues when the community has them. Rates and terms depend on your credit, the loan program, and current market conditions, so treat this as a planning tool, not a quote.
Good to know
The costs this estimate doesn't cover.
Principal and interest is the headline number, but it is not the whole bill. These four costs usually ride along with it.
Property taxes
Arizona tax rates vary by city and county. If you escrow, your lender collects the tax bill with your monthly payment, so it is not part of this estimate.
Homeowners insurance
Your lender requires a policy, and coverage costs vary with the home, its age, and the area. Budget for it on top of this number.
HOA dues
Many Phoenix metro communities charge monthly or annual HOA fees. Read the covenants before you fall in love, and add the fee to your true monthly cost.
PMI under 20% down
Most conventional loans add private mortgage insurance when the down payment is under 20%. It drops off once you build equity, and some loan programs skip it entirely.
Personalized quote
The calculator is step one. The real number is a conversation.
Send Shane the price range, down payment, and rate you are working with, and he will come back with the realistic monthly picture for your situation, taxes, insurance, and HOA dues included, plus what it takes to qualify for it.
Got it, thank you!
Your message is on its way. Shane will get back to you shortly. Talk soon.