Tools
Calculate your monthly payment in dollars
Adjust the property price, down payment, rate and term to see what you'd pay per month.
Photo: Roman Eugeniusz · CC BY-SA 3.0 · cropped
Live calculation
Try your scenario
The calculation uses standard amortization — the U.S. norm: a fixed monthly payment that covers interest and principal in a shifting proportion.
About the rate. The pre-loaded rate is a market reference for foreign buyers, which is usually somewhat higher than the one a buyer with U.S. credit history gets. Your real rate depends on your profile: change the field to test scenarios.
Estimate your monthly payment
Beyond the payment
What the calculation includes and what it doesn't
The result covers principal and interest. It does not include three costs that you will pay and should budget for.
-
Property tax
Around 1.1% per year of the purchase value in California.
-
Homeowner's insurance
It varies by area and by construction type.
-
HOA dues
Common in condos and in communities with amenities.
The real number
Adding those items, the real monthly outlay usually lands well above the principal-and-interest payment. When we run your pre-qualification we'll give you the complete number.
Rule of thumb
How to read the result
If the estimated monthly payment exceeds 30–35% of your verifiable monthly income, most lenders will see it as a risk. It's a good traffic light for whether the price range you're looking at is realistic before you fall in love with a house.
Photo: Roman Eugeniusz · CC BY-SA 3.0 · croppedThe marina at Chula Vista, the area where a down payment goes furthest.
Want the exact number for your case?
Pre-qualification is free.
Photo: Gregg M. Erickson · CC BY 3.0 · cropped