Preview Your Mortgage Before You Apply
Estimate your monthly mortgage payment.
Estimate how much home you may be able to afford.
See your down payment percentage, estimated loan amount, and whether PMI may apply.
Compare two mortgage scenarios side by side to see how interest rate and loan term can affect your payment and total interest.
Keep a copy of your mortgage payment and affordability estimates for easy reference.
Real numbers. Real estimates. In minutes — available when you need them the most.
Estimates are for educational purposes only and do not guarantee loan approval.
Mortgage Calculator
Estimate your monthly mortgage payment based on your loan amount, interest rate, and loan term.
This estimated monthly payment reflects principal and interest only. Your total monthly housing cost may also include property taxes, homeowners insurance, HOA dues, mortgage insurance, and other applicable costs.
Home Affordability Calculator
Estimate how much home you may be able to afford.
Down Payment & PMI Preview
See the exact percentage equivalent to your down payment, estimated loan amount, and loan-to-value ratio, plus a general indication of whether PMI may apply on some conventional loans.
Compare Mortgage Loans
Compare two mortgage scenarios side by side to see how the interest rate and loan term can affect your payment and total interest.
Loan A
Loan B
These comparisons show estimated principal and interest only. Actual loan costs may also include property taxes, homeowners insurance, HOA dues, mortgage insurance, closing costs, lender fees, and other applicable expenses.
Email My Mortgage Preview
Keep a copy of your mortgage payment and affordability estimates for easy reference.
We use your email address only to send your mortgage preview results. It is not automatically added to a marketing list.
Mortgage Questions & Answers
Helpful answers to common questions about mortgage payments, affordability, down payments, PMI, and comparing loan options.
How is a monthly mortgage payment estimated?
A basic mortgage payment estimate uses the loan amount, interest rate, and loan term to calculate principal and interest. Your actual monthly housing payment may also include property taxes, homeowners insurance, HOA dues, mortgage insurance, and other applicable costs.
How much house can I afford?
Home affordability depends on factors such as income, monthly debts, down payment, interest rate, taxes, insurance, and other housing costs. PreviewMyMortgage uses general housing and debt-to-income guidelines to provide an educational estimate, but actual lender standards may differ.
What is PMI on a mortgage?
Private mortgage insurance, or PMI, may apply to some conventional loans when the down payment is below certain levels. PMI requirements and costs vary by lender and loan program, and FHA loans use different mortgage insurance rules.
What is the difference between interest rate and APR?
The interest rate is the cost of borrowing the loan principal, while APR is designed to reflect the interest rate plus certain loan fees and costs. APR can be useful when comparing mortgage offers, but the exact fees included may vary by lender and loan structure.
PreviewMyMortgage helps you estimate mortgage payments, home affordability, down payment scenarios, PMI considerations, and loan comparisons before you speak with a lender.