Mortgage & Home Calculators

Buying a home is often the largest financial decision you'll make. Between mortgage payments, property taxes, insurance, and private mortgage insurance (PMI), the total cost is rarely just the loan amount. Our mortgage and home calculators break down every component of homeownership so you understand exactly what you're paying for—and help you make decisions about affordability, location, and down payment strategy before you commit.

Mortgage Calculator

Calculate monthly payments including principal, interest, property taxes, homeowners insurance, and PMI. See how different loan terms and down payment percentages affect your total monthly cost.

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Home Affordability

Determine how much house you can realistically afford based on your income, down payment, and other debt. Compare how affordability changes across different locations and interest rate scenarios.

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State Tax Comparison

Compare effective property tax rates, income tax rates, and total tax burden across states. See how location affects your true cost of homeownership and overall wealth accumulation.

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State-Specific Mortgage Calculators

Mortgage costs aren't uniform across the country. Property tax rates vary from under 0.5% of home value in Louisiana to over 2% in New Jersey. Some states have no income tax, while others charge 10%+. Insurance costs also differ based on local risk factors like weather and crime. When comparing where to buy, you need to see the full picture—not just the interest rate.

Use our state-specific mortgage calculators to see exactly how property taxes, insurance, and local factors affect your monthly payment and long-term housing costs:

California Texas Florida New York Illinois Pennsylvania Ohio Georgia North Carolina Michigan

Frequently Asked Questions

What is PMI and when do I need to pay it?
Private Mortgage Insurance (PMI) is required when you put down less than 20% on a home purchase. It protects the lender if you default on the loan. PMI typically costs between 0.3% and 1.5% of your loan amount annually, added to your monthly mortgage payment. You can usually stop paying PMI once you reach 20% equity in the home through principal payments and home appreciation.
How do property taxes affect my monthly mortgage payment?
Property taxes don't directly change your mortgage payment, but they significantly affect your total housing cost. Taxes are often included in your escrow payment (part of PITI: Principal, Interest, Taxes, Insurance). Tax rates vary dramatically by location—from under 0.5% of home value in some states to over 2% in others. Our state-specific calculators show exactly how property taxes impact your affordability in different locations.
How much house can I actually afford?
Most lenders use a 28/36 rule: your housing costs should not exceed 28% of gross monthly income, and total debt (including the mortgage) should not exceed 36%. However, you can afford to buy less than the maximum amount lenders will approve. Consider your down payment savings, emergency fund, other debt, and local cost of living. Our home affordability calculator helps you find your personal comfort level, not just the maximum you can borrow.

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