Who can use this calculator?

Anyone shopping for a home loan in Illinois, Indiana, Tennessee, or Alabama can use this calculator for free. There is no signup required.

Is the estimate the same as a preapproval?

No. This calculator gives a math-based estimate. A real preapproval requires Kim Dobyns to review your full credit, income, assets, and debts — schedule one by calling (630) 660-3539.

How is PMI / MIP calculated?

Conventional PMI uses tiered rates by credit score and LTV. FHA MIP is 1.75% upfront + roughly 0.55% annually on most loans. USDA charges a 1% upfront fee + roughly 0.35% annually. VA has no monthly mortgage insurance.

Free Mortgage Calculator | No Sign-Up Required

Free Mortgage Payment Calculator

Adjust inputs to explore different scenarios

Home Price

Down Payment ($)

Current Home Value ($)

Current Loan Balance ($)

Cash-Out Amount ($)

Loan Type

Loan Term

Interest Rate (%)

Credit Score

First-Time Buyer?

Annual Property Tax ($)

Annual Homeowner's Ins ($)

Total Payment

Principal & Interest

Taxes & Insurance

Mortgage Insurance

Estimates are for educational purposes only and do not represent a commitment to lend or a guaranteed rate. Kim Dobyns, NMLS #204859 · Union Home Mortgage Corp., NMLS #2229 · Equal Housing Lender.

Truly Free — No Sign-Up Required

This free mortgage calculator requires nothing from you — no email address, no account, no phone number. Just enter your numbers and get an instant estimate. It covers all four major loan types: Conventional, FHA, VA, and USDA, with accurate mortgage insurance calculations for each.

Adjust any field and your payment updates instantly. Switch between Purchase and Refinance mode. Use it as many times as you need.

What Makes This Calculator Different

Most free mortgage calculators online only show principal and interest. This one includes property taxes, homeowner's insurance, and mortgage insurance — so the number you see is closer to what you'll actually pay each month. It also adjusts PMI based on your credit score for conventional loans.

Loan Types Covered

Conventional — Credit-score-adjusted PMI calculation.

FHA — Includes upfront MIP and monthly MIP.

VA — No monthly MI. Shows estimated funding fee.

USDA — Includes annual guarantee fee. No down payment for eligible buyers.

Free Mortgage Calculator — Questions Answered

Is this mortgage calculator really free?

Yes. Completely free. No email, no account, no credit card. Kim Dobyns provides this tool as an educational resource for buyers in Illinois, Indiana, Tennessee, and Alabama who want to understand their numbers before starting the mortgage process.

How accurate is a free online mortgage calculator?

A free mortgage calculator gives you a close estimate based on your inputs. Your actual payment will depend on your final approved interest rate, exact loan terms, precise tax and insurance amounts, and lender-specific fees. Think of the calculator as a planning tool — your Loan Estimate from a lender will give you the official numbers.

What information do I need to use the mortgage calculator?

You need: the home price or loan amount, your down payment, the loan type you're considering, an estimated interest rate, your annual property tax, and your annual homeowner's insurance cost. You can estimate any field you're unsure about and adjust it later.

Want Numbers Based on Your Actual File?

This free calculator is a great starting point. A real mortgage review gives you an actual approval amount based on your credit, income, and specific situation.

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