Calculate your

Mortgage

One of the first stops in your search for a home is with a loan officer. Get pre-qualified (estimate of how much monthly payment you can afford) and that way you can avoid problems later. Be sure to determine how much loan you can borrow.

Add that loan amount to the amount of cash you have for your down payment, and you get a starting idea what home price you can afford. Then remember just because you know your top-end limit, doesn’t mean you need to shop for homes in that range. You may want scale back and consider homes that don’t stretch your budget to the limit. You’ll not only gain peace of mind, you’ll also be more flexible when it comes time to negotiate.

Mortgage Calculator

Estimate your monthly payment and see how much house you can afford.

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Your estimated monthly payment
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Payment Breakdown

Customize your mortgage payment

Principal & Interest
Monthly Extra Payment + Add Extra Payments
Home insurance (per year)
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Property Taxes (per year)
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HOA Fees (per month)
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PMI (per year)
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Total Monthly Payment

Total Of All Payments

Down Payment & One-time Expenses
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Interest
Extra Payments
Home insurance
Property taxes
HOA fees
PMI (not required)

Amortization Schedule

Mortgage Payoff Date:

Payment breakdown as of

Remaining Balance
Principal
Interest

Ready to

Move Forward—Buy or Sell in Farmington Hills?

I’m Tom Gilliam, your Farmington Hills real estate agent with RE/MAX Classic. Whether you’re listing in Farmington Hills or buying in Novi or Northville, you’ll get clear answers and a local strategy—data-driven pricing & marketing for sellers and targeted alerts, school-district guidance, quick tours, and skilled negotiation for buyers across Oakland County.

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