Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Discover Our Client Stories

 

rysmac punk2009

Through a mutual friend, we were referred to Sandra for buying our first home, and we are so happy that we ended up here! Through all of the houses we looked at, the houses that we kept getting outbid on, the early morning meetups so it wouldn’t conflict with our jobs, Sandra made sure she made everything happen for us! She went above and beyond to make sure we were knowledgeable, comfortable, and happy! She had so much knowledge about homes, it was almost as if we were talking to the constructors of the house itself! And not only did we get a wonderful realtor, we got so many great friends!! I would definitely recommend to family, thank you Sandra!!!

berenice villegas

My family and I are beyond blessed to have had Mayra Ramirez as our relator! She has a friendly, warm, and laid back personality. Mayra understood from day one what we were looking for and took on the challenge of finding us our home in a timely manner in such a competitive market. She communicated with us weekly and never left questions go unanswered. She also had great communication with our loan officer when needed which was a big help. Mayra made our closing date a great experience!! Anyone that has the pleasure of working with her will not only have a relator but also a friend! We highly recommend her. ??

gypsysoul273

I've worked with Enchanted Sun and Sandra as both a buyer and a seller, and wouldn't dream of using another company in Las Cruces. Sandra goes above and beyond in every possible way to ensure a positive buying or selling experience. She has also been in the business for a long time and is so well connected in the community, and those connections are a huge benefit whether you're buying or selling. Can't recommend her highly enough!!

Find Out More

Sandra Espiritu
Sandra Espiritu

Qualifying Broker | Founder | License ID: 17848

+1(575) 312-2969

1424 E Lohman Ave, Cruces, NM, 88001, United States

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