Mortgage calculator & today's rates
Estimate your real monthly payment, compare loan types, and get pre-approved — all in one place.
Estimate your real monthly payment, compare loan types, and get pre-approved — all in one place.
Estimate your real monthly payment, compare loan types, and get pre-approved — all in one place.
National average for conforming purchase loans at 20% down with excellent credit. Not an offer of credit — your rate will differ.
$80,000
Estimated monthly payment
$2,540/mo
Loan amount $320,000. Estimate only — your actual rate and payment depend on credit, location, and lender.
Every buyer is different. Here's a plain-English look at the main loan types so you know your options.
The most common loan, not backed by a government agency. Competitive rates for buyers with solid credit; as little as 3% down, with PMI until you reach 20% equity.
Best for: Good credit, stable income
Government-insured and built for accessibility — down payments as low as 3.5% and more flexible credit requirements. Mortgage insurance applies for the life of most FHA loans.
Best for: First-time & lower-credit buyers
For eligible veterans, active-duty service members, and surviving spouses. Often 0% down, no PMI, and competitive rates — one of the strongest loan programs available.
Best for: Veterans & service members
The rate you're quoted is personal — these are the biggest levers, and a good lender helps you pull them in your favor.
Higher scores unlock the lowest rates — even a 20-point bump can move your rate and save thousands over the loan.
More money down means a lower loan-to-value ratio, less risk to the lender, and often a better rate — plus you skip PMI at 20%.
Shorter terms (like 15-year) carry lower rates than 30-year loans, with higher monthly payments but far less total interest.
Government-backed and conforming loans price differently than jumbo loans, and your rate moves with market conditions week to week.
Pre-approval turns a price range into a real budget — and tells sellers you're a serious buyer. It's the single best thing you can do before touring homes.
See a real-time view of what you can afford in today’s market.
Pre-tax income
At least $1,500
Loans, credit cards, alimony
Suggested target price
Max affordability
Mo. payment
Estimate only, based on a 30-year fixed loan and a standard debt-to-income guideline. Not a rate quote, a pre-approval, or an offer of credit.
Realty.com is not a mortgage broker or mortgage lender. Rates and payments shown on this page are estimates only — your actual rate and payment depend on credit, location, and lender.
We show the current Freddie Mac Primary Mortgage Market Survey (PMMS) average — the industry benchmark, updated weekly. Your personal rate will depend on your credit, down payment, loan type, and lender, which is why getting pre-approved gives you a real number.
A common guideline is keeping your total monthly housing payment near 28% of your gross monthly income. Use the calculator above to model price, down payment, taxes, and insurance, then get pre-approved to confirm your true budget.
Pre-qualification is a quick estimate based on info you provide. Pre-approval is a stronger, verified commitment from a lender after reviewing your finances — it tells sellers you're a serious, ready buyer and sharpens your budget.
It depends on the loan: conventional loans can go as low as 3%, FHA 3.5%, and VA loans often 0%. Putting 20% down lets you avoid private mortgage insurance (PMI) on a conventional loan.
Getting started typically uses a soft inquiry with no impact to your score. A full application later involves a hard inquiry, but rate-shopping within a short window is generally treated as a single inquiry.
A 30-year loan keeps monthly payments lower and more flexible; a 15-year loan has a lower rate and builds equity faster with far less total interest, but the monthly payment is higher. The calculator above shows both.
For loan amounts above conforming limits — higher-priced homes. Requires stronger credit and reserves, but unlocks luxury and high-cost markets.
Best for: High-value home purchases