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Mortgage Calculator
Planning to buy a home or refinance your current mortgage? Crestico’s Mortgage Calculator helps you estimate your monthly mortgage payment in just a few moments. By entering your loan amount, interest rate, loan term, property taxes, homeowners insurance, and other costs, you can get a realistic estimate of your monthly payment before applying for a home loan.
Use the calculator below to estimate your monthly payment, then connect with a Crestico mortgage professional to explore loan programs that fit your goals.
How to Use Our Mortgage Calculator
Using our mortgage calculator is simple and takes only a few minutes.
Enter the following information to receive an estimated monthly mortgage payment:
Loan Amount
Interest Rate
Loan Term
Property Taxes
Homeowners Insurance
Mortgage Insurance (PMI), if applicable
HOA Fees
Other Monthly Costs
Factors That Affect Your Mortgage Payment
Several factors influence the amount you’ll pay each month.
Loan Amount
The more you borrow, the higher your monthly payment will generally be.
Interest Rate
Even a small change in interest rates can significantly affect both your monthly payment and the total cost of your mortgage.
Loan Term
A 15-year mortgage usually has higher monthly payments but lower total interest, while a 30-year mortgage offers lower monthly payments with more interest paid over time.
Down Payment
Making a larger down payment reduces the amount you borrow and may eliminate the need for mortgage insurance.
Property Taxes
Property tax rates vary by location and are typically included in your monthly payment through escrow.
Homeowners Insurance
Insurance premiums depend on your home’s value, location, and coverage level.
Mortgage Loan Programs Available Through Crestico
Every borrower has unique financial goals, which is why Crestico offers a wide variety of mortgage solutions.
Our loan programs include:
Conventional Loans
FHA Loans
VA Loans
Jumbo Loans
Bank Statement Loans
DSCR Loans
Investment Property Loans
Reverse Mortgages
Mortgage Refinance Programs
Cash-Out Refinance Options
Frequently Asked Questions
Is this mortgage calculator accurate?
Our calculator provides an estimated monthly payment based on the information you enter. Actual loan terms, interest rates, taxes, insurance premiums, and lender requirements may vary.
Does the calculator include taxes and insurance?
Yes. You can include property taxes, homeowners insurance, mortgage insurance, HOA fees, and other costs to generate a more complete monthly payment estimate.
Can I compare different loan terms?
Yes. Adjust the loan term, interest rate, or loan amount to compare different mortgage scenarios and find a payment that fits your budget.
Can I calculate FHA or VA loan payments?
Yes. The calculator can estimate payments for many loan types, including FHA, VA, Conventional, and Jumbo loans, by entering the appropriate loan details.
What credit score do I need for a mortgage?
Credit score requirements vary depending on the loan program and lender. Our mortgage specialists can help determine which options may be available based on your financial profile.
Is this calculator free?
Yes. Crestico’s mortgage calculator is completely free to use with no obligation.