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Mortgage Calculators
& Planning Tools

Estimate a monthly payment, compare a refinance, weigh renting against buying or explore what you may be able to afford, right on this page. Then talk with Jennifer about what the numbers mean for your plans.

Calculators

Plan Your Home Financing With Mortgage Calculators

Each calculator updates as you type. Results are estimates based on the figures you enter and the assumptions noted under each calculator. They are not loan offers, rate quotes or approvals.

Calculator 01

Monthly Mortgage Payment Calculator

See how principal, interest, taxes, insurance and HOA fees add up to an estimated monthly payment, and how the down payment, rate and term change it.

Illustrative rate for this estimate, not a current rate offer.
Percent of the home price per year.
Total Monthly Payment
  • Taxes & Other Fees
  • Homeowners Insurance
  • Principal & Interest

The chart's insurance segment does not include mortgage insurance ( a month), which is included in the total.

Details

Loan Amount
Principal & Interest
Homeowners Insurance
Mortgage Insurance (MI/PMI)
Total Home Insurance
Property Taxes
HOA/Condo Fees
Taxes & Other Fees
Total

About these results

This is an estimate of principal, interest, property taxes, homeowners insurance, HOA fees and mortgage insurance. When the down payment is under 20%, mortgage insurance is estimated at an assumed rate of 0.5% of the loan amount per year; actual mortgage insurance depends on the loan program and borrower. Closing costs are not included. No particular loan program is presumed. This estimate is not a loan approval or a commitment to lend, and actual terms may differ.

Calculator 02

Mortgage Refinance Calculator

Compare the principal and interest on your current loan with a new rate and term. Closing costs are not included.

Before Refinancing
After Refinancing
Illustrative rate for this estimate, not a current rate offer.

Current Mortgage

Current Principal & Interest
Starting Balance
Annual Interest Rate
Current Term

New Mortgage

New Principal & Interest
New Loan Amount
Annual Interest Rate
New Mortgage Term

Summary

Monthly P&I Difference
Five-Year P&I Difference
Total Interest Savings

About these results

These figures compare principal and interest only. They do not include closing costs, fees, taxes or insurance, so they may not reflect your net savings. The new loan amount is estimated from your current balance. No particular loan program is presumed. This estimate is not a loan offer or approval, and actual terms may differ.

Ready for a More Personalized Mortgage Review?

Request a free credit analysis and pre-qualification report from Team Gokool. Share your contact information and Jennifer will follow up to discuss your mortgage options.

Calculator 03

Rent vs. Buy Calculator

Compare the estimated cumulative cost of renting with the cost of buying over the life of the loan, based on the assumptions you enter.

Purchase Details
Illustrative rate for this estimate, not a current rate offer.
Not used in this estimate.
Percent of the home price per year.
Rent Details
Not used in this estimate. Costs and rent increase a fixed 1% a year.

See below how long it will take before buying makes more sense than renting.

Cost Comparison Over Time

  • Cost of Renting
  • Cost of Buying
Rent vs. buy results by year
YearMonthly Ownership CostMonthly Renting CostMonthly DifferenceTotal Ownership CostTotal Renting CostTotal DifferenceHome Equity

About these results

This comparison uses simplified assumptions, including a 6% cost of selling, a fixed 1% annual increase in costs and rent, and home appreciation at the rate you enter. Mortgage insurance and HOA fees are not included. Results can vary widely and are not a recommendation to rent or buy. No particular loan program is presumed, and actual terms may differ.

Calculator 04

Home Affordability Calculator

Work back from your income and monthly debts to an estimated home price, using a common 28/36 debt-to-income guideline.

Used only in your browser — never sent or stored.
Car loans, student loans, minimum card payments and similar.
Illustrative rate for this estimate, not a current rate offer.
We believe you can afford a house in the amount of:
Down Payment Percentage
Down Payment Dollar Amount
Loan Amount
Interest Rate

Total Monthly Payment

  • Principal & Interest
  • Property Tax
  • Home Insurance
  • Mortgage Insurance

Includes required monthly mortgage insurance Monthly mortgage insurance is not required

About these results

This estimate uses a 28/36 guideline: housing costs up to 28% of gross monthly income and total monthly debts up to 36%. It includes property taxes, homeowners insurance and an assumed 0.5% annual mortgage insurance rate in its calculation. It is not a pre-qualification, pre-approval or commitment to lend; lenders apply their own guidelines. No particular loan program is presumed, and actual terms may differ.

Estimates only. Not a commitment to lend or a rate quote. Taxes, insurance and HOA vary by property. Castle & Cooke Mortgage, LLC NMLS #1251. Equal Housing Lender.

Need mortgage guidance in Peoria?

Call, text or send a note. Whether you are buying next month or building a plan for next year, the first conversation is the same.

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