mortgagecalculator

CALCULATOR

Use our free mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and your home price, down payment, interest rate, and loan term.

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Our full rate table gives you the ability to customize the results based on loan amount, rate, points, etc.

Best Mortgage Loans (Full List)

UPDATED FOR NOVEMBER 2019
MORTGAGE LENDER
SCORE
LOAN FEATURES
Editor's Choice 2019
9.9

  • Low APR on all Mortgages
  • 5 Free Mortgage Quotes
  • No Hidden Fees
  • Network of 350+ Lenders
  • Fixed rates (15-year) as low as 3.4%
9.5

  • 15, 20, 30 Year Fixed-Rates
  • Low Down Payments
  • 24/7 Rate Lock
  • Backed by 'Better Price Guarantee'
9.3

  • High Customer Satisfaction
  • 15 & 30 Year Fixed-Rates
  • Accessible Chat Support
8.0

  • 10, 15, 20, 30 Year Fixed-Rates
  • Min 620 Credit Score
  • Min 10% Down Payment
  • No Origination Fees

Joe Schwartz

Mortgage Loans Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.

Mortgage Loan FAQs

Looking to purchase a home or refinance an existing mortgage? Online mortgage loans allow you to receive multiple offers and find a loan that suits your needs. Before starting a mortgage or refinancing an existing loan, it’s important you understand the mortgage loans process. To get you started, we’ve answered some of the most commonly asked questions about mortgage loans below.

Many of the top mortgage loan companies function as a middleman between the borrower and lender. As an applicant, you are asked to fill out basic information on the mortgage company's website, then the service will show you what options and rates are available to you. Lenders will make an offer as to how much money they can loan and the repayment conditions.
As a mortgage applicant, you can fill out basic information on the mortgage company's website. This includes the type of home you plan on purchasing, the location of the home, and details about your current financial situation and anticipated down payment. Some mortgage companies will ask for your Social Security number in order to accurately provide you with personalized rates. The mortgage service will then offer you several mortgage loan options or connect you with a representative over the phone.
There are many reasons to refinance and replace an existing mortgage. Many people refinance their mortgages in order to reduce monthly payments, switch from an adjustable-rate to a fixed-rate, or to pay off their mortgage early. Others refinance in order to access cash to pay off other high-interest loans such as car loans and credit card loans. Virtually all online mortgage services offer mortgage refinance options, allowing you to view and compare refinance rates. Be sure to carefully consider your refinance options as it may mean using your home as collateral.
The APR (annual percentage rate) refers to the annualized interest rate charged on your mortgage. Typical APRs range from about 3% to 5% and are very dependent on the amount, length, and eligibility of your mortgage. The APR will also fluctuate depending on the type of mortgage you choose. Lenders may offer you fixed-rate mortgages, two-step mortgages, balloon mortgages, and more.
Your repayment agreement depends on the terms negotiated between you and the lender. Mortgage companies such as Quicken Loans, for example, offer 15 and 30 year fixed rates, while other lenders such as J.G. Wentworth offer other options such as 20-year mortgages. Representative Example: If you bought a home for $500,000 with a 25% down payment, at an APR of 3.5% and a 15-year fixed term, you would pay around $2,700 per month.

Discover the Ins & Outs of Mortgage Loans