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The Robert Graham Team
(936) 672-2087 robert@rgteamtx.com
  • 11452 Outpost Cove Drive
    Willis, TX 77318
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The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

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MORTGAGE CALCULATOR

Wanting to determine your monthly payments on a home purchase? Fill out the simple information below and find out.

Mortgage Calculator

Get an estimate on monthly payments on a property.

$
years
Down Payment
$
%
Interest Rate
%
Tax Rate
%
$
$annually
$monthly
Estimated Monthly Payment
$0.00
Loan Amount
$0.00

How to use the Mortgage Calculator

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you'll pay over the life of your mortgage. To use this calculator, you'll need the following information:

  • House Price

    The dollar amount you expect to pay for a home.

  • Down Payment

    The down payment is money you give to the home's seller. At least 20% down typically lets you avoid mortgage insurance.

  • Mortgage Term (Years)

    This is the length of the mortgage you're considering. For example, if you're buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

  • Interest Rate (%)

    Estimate the interest rate on a new mortgage by checking Bankrate's mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

  • Mortgage Principle

    This amount is simply the total number of dollars borrowed towards the purchase of the house, how much you'll be paying off over the lifetime of the loan.

  • Total Payments

    Broken up over a certain number of years, this is how many monthly payments you will need to make to pay off the entire principle.

  • Monthly Payment

    Each month, this is the amount of money that will need to go towards the mortgage payment.

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