Mortgage Payment Calculator

How much will your monthly mortgage payments be?

Use this mortgage calculator to estimate your monthly mortgage payments, including estimates for taxes, insurance, and PMI.

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Your monthly payment will be:

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  • PMI:  

Mortgage Options

30 Years Fixed
Sebonic Financial (528)
APR
3.740%
Interest Rate
3.250%
Mo. Payment
$1,057
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $225,000
Lock Period 30 Days
Down Payment $25,000
Principal and Interest Payments $980
Estimated Mortgage Insurance Payments $77
Total Monthly Mortgage Payment $1,057
Lender Fees $3,382
Lender Credit $0
Total Closing Fees* $3,382
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

My experience with Sebonic Financial

Yes, I recommend this lender

Although it took a while to get the loan approved, Sebonic Financial did a great job in helping to secure my loan.

By: George (Fernandina Beach, FL)
See All Reviews
Capital One (2697)
APR
3.755%
Interest Rate
3.250%
Mo. Payment
$1,057
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $225,000
Lock Period 60 Days
Down Payment $25,000
Principal and Interest Payments $980
Estimated Mortgage Insurance Payments $77
Total Monthly Mortgage Payment $1,057
Lender Fees $3,803
Lender Credit $0
Total Closing Fees* $3,803
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings - we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process - one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too - you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.

Lender Reviews

HORRIBLE to work with

Loan pre approval was easy. The loan originator was knowledgable, then I was transfered to a loan specialist and loan hub. The Specialist was, very unconcerned and did not seam to listen to my needs. Her response time was very slow to my emails and called messages and she never had a answer to my questions when we did correspond. LOAN HUB was horrible. It would freeze up and give me a response of "Oops, something went wrong". Try again later. This happened many times. Documents that were uploaded and received were then lost or deleted by the Loan Specialist and we're requested again by Loan Hub, but you would only know if YOU looked at your loan status in Loan Hub. No one would email, text or call. When I brought this to the Loan Specialist attention she said that she did not look at Loan Hub and did not know how it worked. Imagine That. In the end the loan was never closed, because the Appraiser, hired by Capital One, did not turn in the Appraisal in time for closing. They then wanted to start the Loan Process all over with another "LOAN SPECIALIST.

By: Tim (Oak Grove, LA)

I like payment

Yes, I recommend this lender

I like Capital

By: DuongHien (Mountain View, CA)

Worst customer service

My experience with capital one has been absolutely horrible. I have tried to give them the benefit of the doubt. The only positive experience was the loan pre-approval process. It was all automated and very fast, but I think this might be what led to the worst experience I've had in getting a loan. Once you accept their terms, they give you access to loanhub for uploading all your documents and communicating with your loan team. I have excellent credit that is between 760-800 depending on which bureau report you pull. I am putting 20% down and have proof of income for a very secure position. The problems start when you have no one to talk to. They list a bunch of documents you need, you provide them, and you don't hear back on whether they are acceptable to underwriting. They continue to ask for the same documents over and over again until you are finally able to explain it to someone if you are lucky enough to get someone on the phone. I have called numerous times and have been on hold for 20 minutes each time or left a voicemail that is not returned. I've emailed questions and I don't get a response. If I do get a response it is usually another form or question they need answered with zero answers to my questions. I've asked repeatedly if we will still close on time and if there are any other issues I need to close out. Nothing. It is the worst. I thought I was saving money because of points and interest rate and now I wish I never used them. Unfortunately, I am too far along in the process and can't switch, although I still doubt the loan will ever close anyway. Please, unless you are saving a significant amount of money, do not use them. It's very surprising because I have always loved their credit card products and have been a customer for years. I just can't believe this is how they treat customers. I really have no idea how lending tree has them rated at 4.4 of 5.

By: Fred (Hoboken, NJ)
See All Reviews
15 Years Fixed
Sebonic Financial (528)
APR
2.992%
Interest Rate
2.500%
Mo. Payment
$1,541
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $225,000
Lock Period 30 Days
Down Payment $25,000
Principal and Interest Payments $1,501
Estimated Mortgage Insurance Payments $40
Total Monthly Mortgage Payment $1,541
Lender Fees $4,408
Lender Credit $0
Total Closing Fees* $4,408
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

My experience with Sebonic Financial

Yes, I recommend this lender

Although it took a while to get the loan approved, Sebonic Financial did a great job in helping to secure my loan.

By: George (Fernandina Beach, FL)
See All Reviews

Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

How To Use Mortgage Calculator

How much does that house cost? There are many ways to answer that question -- in terms of its actual price, its performance as an investment, the way it affects its owner's lifestyle -- all of these are valid ways of evaluating the cost of property. However, when many people ask how much a home costs, they're referring to its monthly payment. This mortgage calculator is designed to provide that information.

Mortgage Payment Calculator: PITI

"Mortgage payment" carries several meanings. To a consumer, it might mean the principal and interest that is remitted to a lender each month. To an underwriter, it means the principal, interest, property taxes and homeowners insurance (or HOA dues for condominium buyers, which usually covers insurance). This calculator provides an estimate of the PITI, so the user can see how a lender will evaluate their potential house payment when approving or declining a loan application.

Mortgage Loan Calculator: Basic Inputs

To get an easy and basic payment estimate, users only need to input the home's purchase price, the expected down payment and an interest rate (real-time interest rates based on the borrowers credit, location and loan-to-value can be found on the mortgage rate calculator, LendingTree's LoanExplorer), and they'll get an estimated house payment. The chart on the right side of the screen shows how the payment was calculated -- see the example below:

The property taxes, homeowner's insurance and mortgage insurance are all calculated automatically. But what if the user knows the taxes are different, or what if he or she has a quote for home insurance? The calculator can be fine-tuned.

Tuning the Mortgage Estimator for Better Results

By clicking on the link labeled Assumptions, a user can include exact amounts for insurance, HOA dues, or property tax rates, getting a more accurate amount -- the way mortgage underwriters do when they calculate applicants' debt-to-income ratios.

One of the most important assumptions is the loan term. Consumers can see how changing the term of the loan alters its payment, and they can see what they'd need to pay if they want to retire their mortgage early. For example, if a buyer would like to take a 30-year loan to keep the required monthly payment low, but really wants to pay the loan off in 20 years, he or she could enter 20 years in the term field -- that's the payment that would retire the mortgage in 20 years.

Checking the box labeled "Include Private Mortgage Insurance" causes the calculator to include a monthly amount if the down payment or home equity is less than 20 percent. Users should leave this unchecked if they, the lender or the seller are buying single premium coverage by paying a lump sum. Users can also play with different down payment amounts, seeing how they impact the cost of mortgage insurance. This amount is an estimate, however. In addition to the loan-to-value, mortgage insurers base their premiums on the applicant's credit rating, the property use and type-- and those parameters are not part of this calculator's inputs.

Mortgage Calculator Limitations

Mortgage calculators only return answers that are as good as the data they're "fed." That means they won't reflect parameters that are unknown to the users. For example, if a property has a special assessment, the cost won't be reflected in a calculator. If the loan is adjustable and has a rate that can change over time, the adjusted payments won't show up. If the borrower's inputting mortgage rates that are unavailable to applicants with his or her credit rating, the results won't be very helpful.

For this reason, it's best to use more than one tool. LoanExplorer, for example, lets a home buyer put in a location, down payment, credit rating, VA eligibility and other factors and it delivers a more accurate mortgage rate and payment -- with a breakdown of the loan costs and a monthly payment. Using that rate in this mortgage payment calculator delivers a more accurate result -- a "real" rate and payment with the addition of estimated taxes, insurance and mortgage insurance (if applicable).