Mortgage Calculator

Calculate your monthly payment with live interest rates

Compare Mortgage Types

See how rates differ across residential, investment, and commercial properties

SELECTED
Residential
Owner-occupied home
6.24%
Interest Rate
$8,787
Est. Monthly Payment
Investment
Rental property
6.990%
Interest Rate
$9,352
Est. Monthly Payment
Commercial
Business property
10.240%
Interest Rate
$11,507
Est. Monthly Payment

Payments based on current calculator values: $1,200,000 property, 5% down, 30-year term

Loan Details
Adjust the values to calculate your payment

Owner-occupied home mortgage with fixed 30-year term

$60,000
$1,140,000
Current 30-Year Fixed Rate6.240%

Updated: 11/13/2025

Important Rate & Payment Disclosure

The interest rate shown is an estimate based on current market conditions and may change without notice. Your actual rate will depend on your complete credit profile, including credit score, debt-to-income ratio, loan-to-value ratio, property type, and other underwriting factors. This calculator is for informational purposes only and does not constitute a loan offer or rate guarantee. Payment estimates shown above include principal, interest, property taxes, homeowners insurance, HOA fees (if applicable), and mortgage insurance (if applicable). Your actual monthly payment obligation may vary. For a personalized rate quote based on your specific situation, please contact William Powell directly.

Estimated Monthly Payment

$8,787

Principal & Interest: $7,012

Payment Breakdown
Monthly payment components
Principal & Interest$7,011.76
PMI (Mortgage Insurance)$475.00
Property Taxes$1,200.00
Home Insurance$100.00
Total Monthly Payment$8,787
Loan Summary
Home Price$1,200,000
Down Payment (5%)$60,000
Loan Amount$1,140,000
Total Interest Paid$1,384,235
Total Amount Paid$2,524,235
Amortization Schedule
Year-by-year payment breakdown

PMI Required

With less than 20% down, you'll need Private Mortgage Insurance (PMI). This can be removed once you reach 20% equity in your home.

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