Use our mortgage calculator to estimate your monthly mortgage payment. Begin by entering a purchase price. You can see how your payment is affected by modifying the percentage of your down payment and changing the terms of your loan.


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It is important to note that for conventional loans a down payment of at least 20% allows you to avoid paying for Private Mortgage Insurance (PMI), which adds to your monthly payment.

Your Loan-To-Value (LTV) ratio is the ratio is a percentage between the unpaid principal amount of your loan and the appraised value of your home.

When toggling between fixed or variable-rate loan options, consider that fixed rates offer stability for the life of the loan, while variable rates may be lower up front, but can increase over time.

For more accurate figures, and to initiate the loan application process, contact Ideal Home Lending today at 877-752-9177. We are a full-service mortgage lender with experienced staff offering expertise in every area of mortgage lending from purchase to refinance to construction lending. Our staff is dedicated to finding you the best loan product at the best rate and helping you navigate the ever-changing mortgage industry!